Sei Network, a blockchain platform on Cosmos that specializes in infrastructure trading for decentralized exchanges (DEXs), has announced a new partnership with Gitcoin, an Ethereum-based token that enables community governance. The collaboration marks the launch of the Sei Creator Fund, with the initial round starting on June 4th. The announcement was made on Sei Network’s official account on X.
Gitcoin and Sei Network are excited to kick off the first round of the Sei Creator Fund on June 4th! A matching pool of $250k will be allocated through Grants Stack by the Sei community to support projects building in the Sei ecosystem. More details can be found in the…
In addition to this announcement, Gitcoin shared a blog post on its official website, revealing that the Sei Creator Fund is a joint initiative between the two entities. The fund will provide a matching pool of up to $250k, starting on the 4th of this month. The fund is open to both new and experienced contributors.
The Sei Creator Fund is a $10M project that aims to accelerate the development and growth of Sei by leveraging the potential of the Gitcoin Grants Stack. The first round of funding, which utilizes Quadratic Funding, will back projects across various exciting themes. These themes include NFT tools and marketplaces, decentralized content platforms, fan engagement and social platforms, Web3 infrastructure and creative tools, collectives and creator DAOs, and Web3 education. Sei is seeking passionate projects that demonstrate the contributions to the Sei ecosystem.
Projects applying for funding must demonstrate technical feasibility and alignment with the core values of Sei. Community engagement and impact, as well as a well-defined roadmap and adequate budget and funding, are also important criteria for selection. Once the applications are submitted, a committee consisting of Sei and Gitcoin representatives will evaluate the proposals based on the eligibility criteria and alignment with the funding objectives. The committee aims to onboard more projects to support various initiatives within the Sei Creator Economy.