Dubai, United Arab Emirates, February 5th, 2024, Chainwire
FanTV, a groundbreaking Web3-powered Video + Live streaming social platform, hits a significant achievement, deploying 1 million smart accounts on the Polygon blockchain, surpassing 3 million on-chain User Operations. This accomplishment positions FanTV as the #1 consumer dApp on the Polygon chain, contributing approximately 30% of smart accounts in the entire Ethereum ecosystem.
FanTV has consistently prioritised a user-centric approach, with a strong emphasis on seamless onboarding powered by ERC-4337 Account Abstraction, and elevating the user experience with social logins and ensuring all transactions are 100% gasless. The platform solidifies its position as the fastest-growing consumer dApp having Users & Creators from 50+ countries, boasting more than 0.5 mn monthly active users (MAU) who consume an impressive 800,000 hours of content per month.
“We are very happy to help 1 mn new users onboard the web3 journey. The pressing challenge that needs to be addressed for web3 adoption is creating products that genuinely appeal to people’s needs and are easy to use. FanTV aims to be the go-to social network, offering streaming, community, and monetization to empower Creators, facilitating the transition of the Creator Economy on-chain.,” states Prashan Agarwal, Founder & CEO.
Commending this achievement, Sandeep Nailwal, Founder Polygon, said “In the realm of Web3, products tailored to users’ preferences with a core daily utility are crucial. FanTV is at the forefront of pioneering the account abstraction initiative revolutionising and transitioning the creator economy on chain. As the fastest-growing dApp on Polygon, I am genuinely excited to witness and support FanTV on this journey.”
FanTV recently introduced its Native IOU Token, xFanTV, earned through user engagement on the platform, which can be utilised for activities such as brand vouchers, playing games, tipping, subscribing, and more. As part of celebrating this milestone, FanTV is going to soon announce it’s much awaited Airdrop program to onboard Creators and Users.
FanTV is backed by prominent investors Multicoin Capital, Woodstock Fund, and IOSG Ventures.
For more information, users can visit the FanTV website or follow FanTV on the social media accounts listed below: