Sei Foundation’s Creator Fund Round 2: Empowering Creativity in the Sei Ecosystem
The Sei Foundation has launched the second round of its Creator Fund, a $10 million initiative aimed at fostering innovation within the Sei ecosystem. This round focuses on creative media and intellectual property (IP) development, with a $250,000 USD matching pool to support projects and individuals contributing to Sei’s creator ecosystem.
Overview of the Sei Creator Fund
The Sei Creator Fund was launched on June 4th, 2024, and has been successful in encouraging community engagement. The first round, known as The Kickoff Round, supported 63 projects with a $250,000 matching pool and saw participation from 2,707 unique voters. This response paved the way for subsequent rounds, showcasing strong community involvement.
Details of Round #2
- IRL Video Content: Focus on videos, vlogs, live streams, etc.
- Podcast Hosting: Embrace platforms like Twitter Spaces and YouTube.
- Video + Animations: Create informative and entertaining content.
- Storytelling: Develop lore and IP related to Sei and its ecosystem.
Additionally, new content series and media are encouraged, with a referral bonus of 3,000 $SEI for those placing in the top 10. GAP milestone tracking is a mandatory requirement to participate.
Application Process
Applications for the second round open at noon EST on Wednesday, July 31st, and close at noon EST on Monday, August 5th. The voting and donation process will begin shortly after on the Gitcoin Platform. Interested applicants can access Sei’s Gitcoin dashboard for application and voting.
Quadratic Funding and Cluster-Matching
To allocate funds based on community donations, Quadratic Funding (QF) is utilized. This mechanism combines small donations from numerous contributors and matches them with a larger central fund provided by the SEI Foundation. Cluster-matching QF, an advancement of the traditional model, discourages collusion and promotes diverse support by grouping donors based on similar donation patterns.
Milestone Tracking with GAP
The Sei Foundation has partnered with Karma GAP to ensure accountability among grantees. Grantees must use Karma GAP to set milestones and provide progress updates, ensuring transparency and accountability. Sharing progress and detailing fund utilization via milestone tracking is essential for eligibility in future rounds.
Impact and Vision
The Sei Creator Fund aims to support projects in various categories to build an ecosystem catering to diverse user needs and use cases. This initiative leverages the largest and longest-running Web3 grants program to foster innovation and development. Noteworthy projects like Uniswap, 1inch, and WalletConnect have benefited from Gitcoin’s funding.
The second round of grant applications is now open to teams and individuals contributing to the Sei Creator ecosystem that meet the eligibility criteria.
About Gitcoin
Gitcoin empowers communities to fund, build, and protect through innovative technologies and opportunities. With over $60 million distributed through the Grants Program, Gitcoin supports early-stage builders driving public goods initiatives in decentralized finance (DeFi), climate, open sourcing, and more. Key products include the Grants Stack and Allo Protocol.
**Please note: This update serves as informational content and does not offer financial advice. Prior research and evaluation are recommended before engaging in any project.
Hot Take: Dive into Creativity with Sei’s Creator Fund Round 2
The Sei Foundation’s Creator Fund Round 2 presents a unique opportunity for you to contribute to the vibrant Sei ecosystem through creative media and IP development. By engaging with this initiative, you can not only showcase your talents but also receive support and recognition within the community. Take the plunge and explore the possibilities of shaping the future of Sei through your innovative projects and content!
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