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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