FanTV Drives Massive User Growth on Sui Blockchain: Over 1 Million New Wallets Onboarded

Dubai, UAE – May 28, 2024 – FanTV, the fastest-growing socialFi decentralized application (dApp), has significantly boosted Sui’s user base with over 1 million new wallet activations. This surge represents a remarkable 48% of Sui’s total active account increase of 2.6 million in the past week.

SocialFi Leader FanTV Integrates with Sui Blockchain

This achievement underscores the power of integrating blockchain technology with social media platforms. FanTV’s move to Sui demonstrates a pivotal step towards mainstream adoption of blockchain solutions within the content streaming landscape.

Founded by Industry Veteran Prashan Agarwal

Prashan Agarwal, founder and CEO of FanTV, boasts an impressive background as the former CEO of Gaana, one of India’s leading music streaming platforms that secured a significant $115 million investment from Tencent. FanTV’s unique “Create/Watch to Earn” model bridges the gap between Web2 and Web3 experiences. Users and creators on the platform earn points for engagement and content creation, which can be converted into the platform’s token for various utilities like content promotion, creator tipping, and subscriptions. With over 4 million users and 20,000 creators already on board, FanTV’s integration with Sui is a major catalyst for user growth within the Sui ecosystem.

FanTV CEO Prashan Agarwal on the Collaboration

“Partnering with Sui has enabled us to deliver even greater value to our users,” said Prashan Agarwal. “As the fastest-growing consumer social dApp, FanTV is committed to pioneering new frontiers in blockchain technology, user engagement, and creator monetization. This surge in established wallets is just the beginning. Our vision is to decentralize the creator economy, and this is a major step forward.”

Sui Foundation Acknowledges Impact

“Thanks to FanTV’s integration, we’re witnessing Sui’s remarkable ability to handle significant user influxes seamlessly,” said Greg Siourounis, Managing Director of the Sui Foundation. “This tremendous growth is a testament to collaboration and innovation. We’re thrilled to see continued expansion within the Sui ecosystem.”

FanTV’s Ambitious Future Plans

Fueled by this recent success, FanTV sets its sights on global expansion, aiming to onboard over 100,000 creators and 10 million users within the next year.

Learn More About FanTV

Visit https://fantv.world to discover more about FanTV.

About FanTV

FanTV is a revolutionary content creation platform empowering everyone to create, consume, and earn rewards. It bridges the gap between traditional video streaming and Web3 experiences. FanTV believes everyone has creative potential, but current platforms hinder content creation and discovery. They aim to empower everyone to be a creator with advanced AI tools and decentralize content ownership and discovery. FanTV’s vision is to attract the next billion users to Web3 by fostering the creator economy and democratizing content ownership.

About Sui

Sui is a pioneering Layer 1 blockchain and smart contract platform designed to make digital asset ownership fast, secure, private, and accessible for all. Built upon the Move programming language, Sui’s object-centric model facilitates parallel execution, sub-second finality, and rich on-chain assets. With horizontally scalable processing and storage, Sui empowers a wide range of applications with exceptional speed and efficiency. Sui represents a significant leap forward in blockchain technology, providing a platform for creators and developers to build user-friendly and impactful experiences.

Visit https://sui.io for further information.

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