Welcome to the Sei Overview.

We’re creating the best place for the Sei community to get the latest updates, metrics, insights on the blockchain, its ecosystem developments and more – all in one place. Every Monday.

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The percentages and metrics are calculated from its change over a 7-day time frame, unless noted otherwise.

Highlighting some of the biggest announcements from Sei.

💨 What’s happening: Sei Network Creator Fund, a $10 million initiative, has brought in a slew of donations from community members for its fifth round focused on video content creation and community engagement.

💨 Why it matters: This latest round has brought in over 1,200 unique donors with a total donation of 48,600 SEI, worth $11,280, according to Flipside data on Monday. Ninety-five projects have received one or more donations.

The projects for this round are also focused on providing content on Sei’s ecosystem through technology, ecosystem developments and network growth. This could help expand the network’s reach and educational value across the broader crypto community.

The Sei Creator Fund, which launched in June 2024, was created by Gitcoin and Sei to support the development of the network’s ecosystem. For each round, the Sei Creator Fund is allocating $250,000 worth of SEI and this time there is also a bonus pool of 185,000 SEI, or about $43,000.

The fund uses quadratic funding, which is a crowd-funding mechanism where community members can make donations, big or small, that allocate capital and also act as votes.

“QF pools small donations from many people and matches them with a larger amount of funding from a central fund, provided by the SEI Foundation,” the team said in a June 2024 blog post.

Thus, as a result, it uses a mathematical formula to reward projects based on the number of donors, not just the donation size. About 53% of donors are new and more than 56% have donated to more than one project, the data showed.

While the donated amount isn’t a massive amount of capital, it points to the community-driven effort to back builders within the network. More often than not, blockchain foundations provide grants to incentivize builders. But in this instance, the community is also providing them, signifying a strong support for ecosystem growth.

💨 The bigger picture: In general, Gitcoin has distributed over $60 million to early-stage builders. In its collaboration with Sei, the $10 million initiative will help support builders within its network and expand the possibilities of what’s possible onchain.

There were over 1,200 unique donors and about half of that total were repeat donors, showing strong loyalty and points to a strong grassroots operation, backed by devoted users. By incentivizing the community to support builders within their ecosystem, it could expand the strength of the network both in the near term and long term.

Updates on the latest games, validators, builders and more that are helping Sei expand

Highlighting the builders, users and ecosystem players within the Sei blockchain.

Want to get involved in the ecosystem? Find the latest job postings here or get involved with an activation below.

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This information is for entertainment purposes only. It should not be considered financial advice, nor should it be used to make investment decisions. Cryptocurrencies are high risk and you should consult a financial professional before making any financial decisions. Make sure you do your own research.