FanTV onboards 1M+ new user accounts to Sui

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FanTV onboards 1M+ new user accounts to Sui
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  • 📰 Cointelegraph
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FanTV, a leading SocialFi platform empowering the Creator economy, announced today a major milestone of onboarding over 1 million new user accounts on Sui, the Layer 1 blockchain and smart contract platform

Sui's total active accounts ballooned by an impressive 2.6 million in the past week, with FanTV contributing 48% of this growth- . This achievement accounts for 48% of the 2.6 million wallet growth on Sui over the last week. This significant growth highlights the successful impact of integrating blockchain technology with social media platforms, enhancing user engagement and expanding the reach of decentralized networks.

"Thanks to FanTV’s recent integration of Sui, we’re able to see the truth of Sui’s tremendous capacity to handle dramatic upticks in wallets seamlessly, without any interruption to user experience,” said, Managing Director of Sui Foundation. “This massive growth is a testament to the power of collaboration and innovation, and we are excited to witness continued growth and adoption within the Sui ecosystem.

With this amazing feat, FanTV plans to shift its gear on global expansion and onboard over 100,000 creators and 10 million users in the next 12 months.FanTV is the next-generation content creation platform, enabling everyone to create, consume, and get rewarded. The platform bridges the gap between traditional video streaming platforms and Web3-enabled video streaming experience.

FanTV’s vision is to attract the next billion users to Web3 by empowering the creator economy and democratizing content ownership.Sui is a first-of-its-kind Layer 1 blockchain and smart contract platform designed from the bottom up to make digital asset ownership fast, private, secure, and accessible to everyone. Based on the Move programming language, its object-centric model enables parallel execution, sub-second finality, and rich on-chain assets.

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