Jessie A. Ellis
October 29, 2024 19:12
The Sei Creator Fund has closed two rounds, supporting 270 projects from the developer and gaming sectors with a SEI pool of $500,000 to strengthen ecosystem development and Sybil detection.
Sei Creator Fund recently closed two significant funding rounds to strengthen Sei’s developer ecosystem and Web3 gaming division. According to Sei, this round leveraged a combined matching pool of 1,162,790 SEI, equivalent to approximately $500,000, to support more than 270 innovative projects and individuals.
Sei Creator Fund: A multifaceted support system
Sei Creator Fund, a $10 million initiative, orchestrated two concurrent rounds targeting different areas within the ecosystem. Round 3 focused on strengthening the developer base through educational resources and tools, while Round 4 focused on revitalizing Web3 gaming ventures.
Round Structure and Participation
Round 3: Developer Ecosystem
- Matching Pool: 833,333 SEI
- Total projects: 73
- Crowdfunding Amount: $41,352.41
- Total donations: 7,428
- Unique Donors: 2,755
Round 4: Web3 Gaming
- Matching Pool: 833,333 SEI
- Total projects: 198
- Crowdfunding Amount: $61,400.60
- Total donations: 15,612
- Unique Donors: 3,838
Improved Sybil detection and innovation
In partnership with Gitcoin, Sei leverages its unique cross-chain architecture to implement advanced Sybil detection. This collaboration introduces an improved DBSCAN clustering method that leverages multiple data points across Sei’s EVM and Cosmos chains to improve fund distribution integrity.
Program Integrity and Community Standards
Sei Creator Fund has taken decisive action to maintain a fair funding ecosystem, including identifying and disqualifying projects involved in vote rigging or Quid Pro Quo activities. The remaining funds were reallocated to projects with genuine community support, highlighting the program’s commitment to transparency and fairness.
conclusion
The completion of rounds 3 and 4 represents significant progress in the development of the Sei ecosystem, demonstrating strong community engagement and focus on creators. The successful implementation of the improved detection system and support for various projects highlight the potential of the Sei ecosystem.
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