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Home > Startups > Funding > FanTV raises $3 million in funding from Mysten Labs, Cypher Capital and others

FanTV raises $3 million in funding from Mysten Labs, Cypher Capital and others

FanTV combines AI with blockchain technology to ensure a decentralized ecosystem that prioritizes creator ownership, fair value distribution, and new opportunities for digital creators around the world.

Abhinav Kumar Singh
Last updated: March 11, 2025 4:28 PM
By Abhinav Kumar Singh
FanTV raises $3 million in funding from Mysten Labs, Cypher Capital and others
FanTV raises $3 million in funding from Mysten Labs, Cypher Capital and others
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FanTV, an AI-powered content platform on the Sui blockchain, has raised an additional $3 million in strategic investment. This funding is backed by Mysten Labs, Cypher Capital, CoinSwitch Ventures, and Illuminati Capital.

The funds raised will be used for the development of advanced AI tools for creators, expansion of its global creator network, and enhanced user growth strategies.

Prior to this, FanTV had raised $5.5 million from notable investors, including Multicoin Capital, Woodstock Fund, Krafton, IOSG Ventures, Pravega Ventures, and Tykhe Block Ventures.

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“We firmly believe that creativity lives within everyone, but traditional content creation barriers have kept too many voices silent. FanTV’s AI tools are democratizing content creation, allowing anyone with a creative vision to bring it to life. The next evolution of social media won’t be defined by passive consumption—it will be driven by millions of creators expressing their unique voices through AI-powered tools. This is where FanTV is leading the revolution,” said Prashan Agarwal, CEO of FanTV.

Adeniyi Abioudin, Co-founder of Sui, said, “AI and crypto converging in daily use cases and products isn’t just the future—it’s already happening. While others are still talking, FanTV has built it—AI agents for content creation, executed at incredible speed. This is the next big disruption, and FanTV is leading the way. With a world-class product and a powerhouse team, we’re confident in their vision and proud to back them as they shape the future of entertainment.”

Bill Qian of Cypher Capital said, “The integration of AI agents into content creation isn’t just an incremental improvement—it’s a revolutionary shift in how digital content is produced and distributed. FanTV’s AI technology stands out by making professional-grade content creation accessible to millions. What impressed us most was their ability to combine advanced AI capabilities with an intuitive user experience, resulting in unprecedented creator growth. With their strong technical foundation and clear vision, FanTV is perfectly positioned to lead the AI-powered future of digital content.”

Founded in 2023 by Prashan Agarwal, FanTV combines AI with blockchain technology to ensure a decentralized ecosystem that prioritizes creator ownership, fair value distribution, and new opportunities for digital creators around the world.

Creators on FanTV produce music, videos, podcasts, web series, and vlogs, all powered by cutting-edge AI tools. The platform supports both emerging talent and established influencers, featuring creators such as TrevinVSNFT (Sui’s top content creator), Bitcoin educator Kashif Raza, CryptoIndia, BlockFuel, and rising digital stars like MrBreadSmith.

The platform offers AI-powered tools, digital tipping, and personalized Creator Coins, enabling users to support their favorite creators. It also allows creators to maintain direct ownership of their content. The platform’s economic model combines paid AI-powered content creation features with engagement rewards, giving users the ability to purchase credits for premium tools, tip and gift creators, and even launch digital tokens for exclusive content and deeper community engagement.

With over 8 million users and 80,000 creators, FanTV has already processed 30 million transactions, positioning itself as the largest AI-driven content platform across all blockchains.

TAGGED:CoinSwitch VenturesCypher CapitalFanTVIlluminati CapitalMysten Labs

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