Sei Announces Third Round of $10 Million Creator Fund for Developer Ecosystem
Iris Coleman Sep 16, 2024 15:36
Sei launches the third round of its $10 million Creator Fund with a $250,000 USD matching pool, focusing on educational content, developer tools, and smart contract development.
The Sei Creator Fund, a $10 million initiative, is launching its third round with a $250,000 USD matching pool, according to Sei. This round aims to support developers by focusing on educational content, developer tools, smart contract development, integration, and documentation.
Round 3 Details
The third round, centered on the Sei Developer Ecosystem, offers $250,000 USD worth of SEI tokens. The price will be determined at the round's close. The program targets several focus areas:
Focus Areas
Educational Content and Documentation
This category includes tutorials and guides on building decentralized applications (dApps), infrastructure, wallets, and NFTs on Sei. Additional focus areas are explanatory content on Sei's key features like Parallel Execution and Twin Turbo Consensus, step-by-step guides for front-end dApp creation, and expanding Sei’s documentation with API references or SDKs. Interactive learning resources, such as video tutorials on Sei and partner technologies, are also encouraged.
GitHub Contributions and Developer Tools
Contributions to GitHub are encouraged to enhance Sei's documentation, improve code readability, and develop new tools and infrastructure components that bolster Sei’s capabilities.
Smart Contract Development and Interoperability
This focus area aims at developing smart contracts that leverage Sei's unique features, creating templates or libraries for smart contract development, and projects that connect contracts within the Sei ecosystem. Solutions demonstrating virtual machine (VM) interoperability between Ethereum Virtual Machine (EVM) and CosmWasm are also sought.
Community and Support Resources
Developers can contribute by answering questions on Sei’s forums, reporting bugs, and creating FAQs, troubleshooting guides, and code example repositories.
Application Details
Applications open at 10 AM EST on Monday, September 16, and close at 12 PM EST on Monday, September 26. Voting and donations will commence shortly after on the Gitcoin platform.
To apply, developers need to create a profile on Builder and apply through Gitcoin’s Grants Stack. Detailed instructions and guides are available on Gitcoin’s support pages.
How to Vote
Voting involves reviewing applications and donating to preferred projects via the Gitcoin Explorer. Donations are pooled and matched by the $250,000 central fund provided by the SEI Foundation.
Referral Bonus
A referral bonus of 3,000 $SEI will be awarded if the referred project places in the top 10. Applicants must include the referral in their application.
Application Committee
The application committee, leveraging Gitcoin’s quadratic funding model, will evaluate projects based on their potential impact on the Sei developer ecosystem, quality of documentation, community engagement, and alignment with Sei’s core features. Projects that meet these criteria will be put to a community vote.
Evaluation Criteria
Projects should contribute directly to the Sei developer ecosystem, be new or significantly improved, and follow Sei’s technical standards. Open-source projects are preferred but not mandatory. A clear technical feasibility and well-defined roadmap are required.
Example Projects
Example projects include video breakdowns of Sei’s Twin Turbo Consensus, code-along videos on developer topics, blogs explaining Sei's key technologies, and video guides on building dApps.
Understanding Quadratic Funding
Quadratic Funding (QF) is a crowdfunding mechanism where community donations act as votes to allocate funds. The QF model, used by Gitcoin, matches small donations with a larger central fund based on the number of contributors, capturing community needs and encouraging broad support.
Post-Funding Requirements
Funded projects must track milestones via Karma GAP, maintain open communication with the Sei community, and participate in community events to present progress and outcomes.
For any questions, developers can join the Sei Community Grants Telegram Group, which offers sub-channels for pitch scheduling and collaboration requests.
About Gitcoin
Gitcoin creates technologies that empower communities to fund, build, and protect important projects. Through its Grants Program, Gitcoin has distributed over $60 million to early-stage builders in decentralized finance (DeFi), climate initiatives, open source projects, and more.
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