Sei Network, a groundbreaking L1 blockchain operating on the Cosmos platform and specializing in infrastructure trading for decentralized exchanges (DEXs), has recently announced a significant partnership. The company has teamed up with Gitcoin, an Ethereum-based token that facilitates community governance, to kick off the inaugural round of its latest initiative, the Creator Fund, on the 4th of June. The collaboration was revealed through an official announcement on X.
Gitcoin SEI
Exciting news! We are thrilled to launch the first round of the @Sei_FND Creator Fund on June 4th! A generous $250k matching pool will be distributed via @grantsstack by the Sei community to support projects that are contributing to the growth of the Sei ecosystem Find all the details in the… pic.twitter.com/M9OjOYDHDG — Gitcoin (@gitcoin) June 4, 2024
Sei Network Prepares to Unveil Sei Creator Fund on Gitcoin Grants Stack
Additionally, Gitcoin published a blog post on its official website announcing the collaboration with Sei Network to launch the Sei Creator Fund. The partnership will introduce a matching pool of up to $250k on the 4th of the current month. The matching pool is open to both new and experienced contributors interested in supporting projects within the Sei ecosystem.
The Sei Creator Fund is a $10 million initiative designed to accelerate the development and expansion of Sei by utilizing the capabilities of the Gitcoin Grants Stack. The first round will utilize Quadratic Funding and offer a $250,000 matching pool to fund projects across various exciting categories.
These categories include NFT tools and marketplaces, decentralized content platforms, fan engagement and social networks, Web3 infrastructure and creative tools, collectives and creator DAOs, as well as Web3 education. Sei Network is seeking passionate projects that showcase the contributions to the Sei ecosystem.
The Platform Seeks Projects with Technical Viability and Alignment with Its Principles
Furthermore, projects must demonstrate community engagement and impact, along with a clear roadmap and technical feasibility. They must also align with Sei’s core values and have a sufficient budget and funding in place.
Following the submission of applications, a review process will be conducted. A committee led by Sei Network and Gitcoin will assess the proposals based on eligibility criteria and alignment with the funding objectives. The committee aims to onboard more projects to support a variety of initiatives within the Sei Creator Economy.