News

FanTV Secures $3 Million in Strategic Funding to Expand AI-Powered Content Creation

• ByStartupStory     |    February 28, 2025

FanTV, an AI-powered content platform built on the Sui blockchain, has secured an additional $3 million in strategic investment to accelerate its growth and innovation in digital content creation. The latest funding round was backed by Mysten Labs, Cypher Capital, CoinSwitch Ventures, and Illuminati Capital. This follows an earlier $5.5 million raise from major investors, including Multicoin Capital, Woodstock Fund, Krafton, IOSG Ventures, Pravega Ventures, and Tykhe Block Ventures.

Since its founding in 2023 by Prashan Agarwal, the former CEO of Gaana, FanTV has grown rapidly, establishing itself as the largest AI-driven content platform across all blockchains. The platform boasts over 8 million users and 80,000 creators, with over 30 million transactions processed. Creators on FanTV use AI-powered tools to generate music, videos, podcasts, web series, and vlogs, allowing both emerging talents and established influencers to expand their reach.

Prominent creators on the platform include TrevinVSNFT, Sui’s top content creator, along with Bitcoin educator Kashif Raza, CryptoIndia, BlockFuel, and rising digital voices like MrBreadSmith. FanTV aims to lower the barriers to content creation by leveraging AI technology, making it easier for anyone to create and share original content.

Prashan Agarwal highlighted the transformative nature of AI in content creation, stating that traditional barriers have kept too many voices from being heard. “The next evolution of social media won’t be defined by passive consumption—it will be driven by millions of creators expressing their unique voices through AI-powered tools,” Agarwal said.

FanTV has also developed a unique economic model that enables creators to monetise their work in multiple ways. This includes personalised Creator Coins, digital tipping, and AI-powered content creation features. Fans can purchase credits to access premium AI tools, tip their favourite creators, and launch digital tokens to offer exclusive content and foster community engagement.

With the fresh investment, FanTV plans to enhance its AI-driven content creation tools, expand its global creator network, and implement new user growth strategies. The company’s AI and blockchain technology integration ensures a decentralised ecosystem that prioritises creator ownership and fair value distribution.

Follow Startup Story