Gitcoin, in collaboration with the Sei Foundation, is thrilled to announce the launch of the first round of the Sei Creator Fund, a $10 million initiative designed to supercharge the growth and development of the Sei ecosystem through the power of Gitcoin Grants Stack.

The ‘Kick Off Round’ utilizing Quadratic Funding (QF) commences on June 4th and offers a $250,000 matching pool to support projects building across a variety of exciting themes such as:

• Decentralized Content Platforms
• NFT Marketplaces and Tools
• Social Platforms and Fan Engagement
• Decentralized Crowdfunding
• Web3 Creative Tools and Infrastructure
• Creator DAOs and Collectives
• Web3 Content Discovery, Creation, and Curation
• Web3 Skill-Sharing and Education

Who can participate?

Whether you're a seasoned veteran who's already contributed to the Sei ecosystem or brimming with forward-thinking ideas, this is an opportunity for you.

What are they looking for?

Sei is seeking passionate projects that demonstrate:

• Sei Ecosystem Contributions: Projects must contribute to the SEI ecosystem's growth and development in areas such as decentralized content platforms, NFT marketplaces and tools, social platforms and fan engagement, decentralized crowdfunding, Web3 creative tools and infrastructure, creator DAOs and collectives, Web3 content discovery, creation, and curation, and Web3 skill-sharing and education. Both past and new projects are eligible if they create value for the SEI community and platform users.
• Community Engagement and Impact: A strong commitment to engaging with the Sei and broader web3 community through outreach, social media presence, and initiatives to drive user adoption.
• Technical Feasibility and Roadmap: A clear and achievable roadmap outlining milestones and deliverables that showcase your team's expertise and ability to deliver.
• Funding and Budget: A well-defined plan for utilizing funds to maximize the project's ongoing impact within the Sei ecosystem.
• Alignment with Sei Values: Commitment to ethical and community standards, including anti-discrimination, transparency, and legal compliance. Manipulative practices, including Sybil attacks, are strictly prohibited. Projects must accurately represent their affiliation and intentions. Incentives for donations are disallowed, and grants cannot be used for direct promotions or sales. Projects with significant external funding may be reconsidered to ensure fairness. 

How to Apply:

1. Create a profile on builder.gitcoin.co
2. Apply on Gitcoin’s Grants Stack: 
3. Don't forget to join the Sei Community Grants Telegram Group to connect with other creators and stay up-to-date on the latest!

Evaluation Process

• Proposals will be reviewed by a committee led by Sei representatives, in collaboration with Gitcoin.
• Projects will be evaluated based on their adherence to the eligibility criteria, potential impact, and alignment with the funding round's objectives.
• The committee will aim to onboard as many projects as possible to support diverse initiatives within the Sei Creator Economy.

How To Vote

1. When donations open on June 4th 9am EST you can visit the round at https://builder.gitcoin.co/#/chains/1329/rounds/4
2. Review the list of grantees who have been approved by Sei
3. Donate to the grantees of your choice (add to cart -> check out with allocating $SEI)

Submission Details

Applications for the first round of grants opens on Tuesday, June 4th at 9AM EST. Any teams or individuals contributing to the Sei Creator ecosystem that meet the eligibility criteria can apply.

We look forward to seeing the incredible projects that will emerge from the Sei Creator Grants Program and invite all eligible creators to apply and contribute to the growth of their ecosystem.

About Grants Stack

Gitcoin Grants Stack is the first-ever decentralized, fully customizable, smart contract-enabled grants tooling solution that connects grants round operators, builders and supporters to manage and participate in community-powered grants programs.

Grants Stack enables a streamlined management process for grants program managers–from program deployment to application management to funds allocation–making it easy to manage and grow their program. It encourages supporters to discover and support new projects in their ecosystem while empowering project owners to seek funding, apply to grant programs and build their web3 reputation.

This is just the beginning

The Sei Creator Fund is a multi-round initiative, and this is your chance to be a part of shaping the future of Sei. Gitcoin is excited to see the innovative projects that emerge and contribute to a thriving Sei ecosystem.

Questions?

We’re here to help. If you have any questions, feel free to join the dedicated Telegram Group we have created: https://t.me/+byWpLVRDllEzZTU1

Note: This announcement is for informational purposes only and does not constitute financial advice. Please conduct your research and evaluation before participating in any project.

Sei links: Website, Twitter, Discord, and Blog.