Sei Launches Second Round of Creator Fund for Media and IP Development

The Sei Foundation has unveiled the second round of its Creator Fund, a $10 million initiative aimed at fostering innovation within the Sei ecosystem.

The Sei Foundation has announced the second round of its Creator Fund, a $10 million initiative to support innovation within the Sei ecosystem. This round will focus on creative media and intellectual property (IP) development, with a $250,000 matching pool to support projects and individuals contributing to Sei’s creator ecosystem.

The Sei Creator Fund was launched on June 4th, 2024 with the aim of fostering community engagement and driving innovation across multiple categories. The first round, known as The Kickoff Round, saw a $250,000 matching pool supporting 63 projects, with 2,707 unique voters participating. The round engaged a diverse community of Sei builders and supporters, setting the stage for subsequent rounds.

Applications for the second round will open at noon EST on Wednesday, July 31st, and will close at noon EST on Monday, August 5th. Voting and donations will commence shortly after on the Gitcoin Platform. Interested applicants can access Sei’s Gitcoin dashboard to apply and vote.

Quadratic Funding is employed to allocate funds based on community donations, which are matched by a larger central fund provided by the SEI Foundation. A key aspect of this round is cluster-matching Quadratic Funding, an evolution of the traditional Quadratic Funding model designed to reduce collusion and encourage diverse support. Donors are grouped into clusters based on similar donation patterns, and each cluster's donations are matched separately.

This round will focus on creative media and intellectual property (IP) development, covering areas such as:

New content series and media are encouraged, and a referral bonus of 3,000 $SEI is offered if the referee places in the top 10. GAP milestone tracking is required to participate.

With the aim of supporting projects across various categories and building an ecosystem that caters to a wide range of user needs and use cases, the Sei Creator Fund is designed to foster innovation and development. This initiative will leverage the largest and longest-running Web3 grants program to continue driving孑蔘mpactful creation. Notable projects that have benefited from Gitcoin’s funding include Uniswap, 1inch, and WalletConnect.

This announcement is for informational purposes only and does not constitute financial advice. Please conduct your research and evaluation before participating in any project.