Sei Creator Fund Fuels Developer and Gaming Growth with $500,000 in SEI Funding
Jessie A Ellis Oct 29, 2024 19:12
The Sei Creator Fund has concluded two rounds, supporting 270 projects in the developer and gaming sectors with a $500,000 SEI pool, enhancing ecosystem development and Sybil detection.
The Sei Creator Fund has recently wrapped up two significant rounds of funding aimed at bolstering Sei's Developer Ecosystem and Web3 Gaming sectors. According to Sei, these rounds utilized a combined matching pool of 1,162,790 SEI, equivalent to approximately $500,000, to support over 270 innovative projects and individuals.
Sei Creator Fund: A Multi-Faceted Support System
The Sei Creator Fund, a $10 million initiative, orchestrated two concurrent rounds targeting distinct areas within the ecosystem. Round 3 focused on enhancing the developer base through educational resources and tools, while Round 4 sought to energize Web3 gaming ventures.
Round Structure and Participation
Round 3: Developer Ecosystem
- Matching Pool: 833,333 SEI
- Total Projects: 73
- Crowdfunded Amount: $41,352.41
- Total Donations: 7,428
- Unique Donors: 2,755
Round 4: Web3 Gaming
- Matching Pool: 833,333 SEI
- Total Projects: 198
- Crowdfunded Amount: $61,400.60
- Total Donations: 15,612
- Unique Donors: 3,838
Enhanced Sybil Detection and Innovation
Through a partnership with Gitcoin, Sei implemented advanced Sybil detection leveraging its unique cross-chain architecture. This collaboration introduced an enhanced DBSCAN clustering method, utilizing multiple data points across both Sei's EVM and Cosmos chains to improve fund distribution integrity.
Program Integrity and Community Standards
The Sei Creator Fund has taken decisive actions to maintain a fair funding ecosystem, identifying and disqualifying projects engaged in vote manipulation or Quid Pro Quo activities. The remaining funds were reallocated to projects with genuine community backing, underscoring the program's commitment to transparency and fairness.
Conclusion
The completion of Rounds 3 and 4 signifies a significant advancement in Sei's ecosystem development, showcasing strong community involvement and a focus on creators. The successful implementation of enhanced detection systems and the support of diverse projects highlight the potential of the Sei ecosystem.
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