Dubai – Sharikat Mubasher: UAE-based FanTV, the AI-powered content creation platform, closed an additional $3 million in Series A funding.

The strategic investment comes from Mysten Labs, Cypher Capital, CoinSwitch Ventures, and Illuminati Capital to fuel the platform’s next phase of growth, focused on AI content agents, according to a recent press release.

This new funding builds on the $5.5 million FanTV previously raised from Multicoin Capital, Woodstock Fund, Krafton, IOSG Ventures, Pravega Ventures, and Tykhe Block Ventures, bringing its total Series A funding to $8.5 million.

The fresh capital will support several strategic initiatives, including the development of advanced AI tools for creators, expanding global creator onboarding, and enhancing strategies to drive user growth.

FanTV has developed advanced AI technology that allows creators to turn text into music, generate AI videos, produce podcasts, create web series, and release video content with seamless cross-platform distribution.

The platform currently has more than 8 million on-chain wallets and over 80,000 content creators, processing more than 30 million transactions to date. This solidifies its position as the largest AI-powered content platform across blockchain networks.

With content covering more than ten categories, FanTV has built a diverse creator community, connecting emerging talent with established influencers.

Founded in 2022, FanTV is a Web3 content platform that enables creators to upload, create, and monetize content through views. The platform offers multiple revenue streams, including creator coins, content tokenization, and a unique engagement rewards model that benefits both creators and users.