FanTV secures $3 million investment

New Delhi: FanTV, the AI-powered content platform on the Sui blockchain, has secured an additional $3 million in strategic investment. This new funding is backed by Mysten Labs, Cypher Capital, CoinSwitch Ventures, and Illuminati Capital.

This investment builds on the company’s earlier $5.5 million raise from investors including Multicoin Capital, Woodstock Fund, Krafton, IOSG Ventures, Pravega Ventures, and Tykhe Block Ventures.

Creators on FanTV produce music, videos, podcasts, web series, and vlogs using AI tools. The platform features creators like TrevinVSNFT, Bitcoin educator Kashif Raza, CryptoIndia, BlockFuel, and MrBreadSmith.

FanTV is led by Founder and CEO Prashan Agarwal, former CEO, Gaana.

Agarwal stated, "We firmly believe that creativity lives within everyone, but traditional content creation barriers have kept too many voices silent. FanTV’s AI tools are democratising 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.”

As per FanTV, through AI-powered tools, digital tipping, and personalised Creator Coins, it allows users to support their favourite creators while giving creators direct ownership of their content. The platform’s economic model combines paid AI-powered content creation features with engagement rewards, allowing users to purchase credits for AI tools, tip and gift creators, and launch their own digital tokens.

Adeniyi Abioudin, Co-Founder, 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, Cypher Capital, added, "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."

The new funding will support initiatives, such as the development of advanced AI tools for creators, the expansion of its global creator network, and enhanced user growth strategies.