Sei Announces Third Round of $10 Million Creator Fund for Developer Ecosystem

Iris
Coleman

Sep
16,
2024
15:36

Sei
launches
the
third
round
of
its
$10
million
Creator
Fund
with
a
$250,000
USD
matching
pool,
focusing
on
educational
content,
developer
tools,
and
smart
contract
development.

The
Sei
Creator
Fund,
a
$10
million
initiative,
is
launching
its
third
round
with
a
$250,000
USD
matching
pool,
according
to

Sei.
This
round
aims
to
support
developers
by
focusing
on
educational
content,
developer
tools,
smart
contract
development,
integration,
and
documentation.

Round
3
Details

The
third
round,
centered
on
the
Sei
Developer
Ecosystem,
offers
$250,000
USD
worth
of
SEI
tokens.
The
price
will
be
determined
at
the
round’s
close.
The
program
targets
several
focus
areas:

Focus
Areas

Educational
Content
and
Documentation

This
category
includes
tutorials
and
guides
on
building
decentralized
applications
(dApps),
infrastructure,
wallets,
and
NFTs
on
Sei.
Additional
focus
areas
are
explanatory
content
on
Sei’s
key
features
like
Parallel
Execution
and
Twin
Turbo
Consensus,
step-by-step
guides
for
front-end
dApp
creation,
and
expanding
Sei’s
documentation
with
API
references
or
SDKs.
Interactive
learning
resources,
such
as
video
tutorials
on
Sei
and
partner
technologies,
are
also
encouraged.

GitHub
Contributions
and
Developer
Tools

Contributions
to
GitHub
are
encouraged
to
enhance
Sei’s
documentation,
improve
code
readability,
and
develop
new
tools
and
infrastructure
components
that
bolster
Sei’s
capabilities.

Smart
Contract
Development
and
Interoperability

This
focus
area
aims
at
developing
smart
contracts
that
leverage
Sei’s
unique
features,
creating
templates
or
libraries
for
smart
contract
development,
and
projects
that
connect
contracts
within
the
Sei
ecosystem.
Solutions
demonstrating
virtual
machine
(VM)
interoperability
between
Ethereum
Virtual
Machine
(EVM)
and
CosmWasm
are
also
sought.

Community
and
Support
Resources

Developers
can
contribute
by
answering
questions
on
Sei’s
forums,
reporting
bugs,
and
creating
FAQs,
troubleshooting
guides,
and
code
example
repositories.

Application
Details

Applications
open
at
10
AM
EST
on
Monday,
September
16,
and
close
at
12
PM
EST
on
Monday,
September
26.
Voting
and
donations
will
commence
shortly
after
on
the
Gitcoin
platform.

To
apply,
developers
need
to
create
a
profile
on
Builder
and
apply
through
Gitcoin’s
Grants
Stack.
Detailed
instructions
and
guides
are
available
on
Gitcoin’s
support
pages.

How
to
Vote

Voting
involves
reviewing
applications
and
donating
to
preferred
projects
via
the
Gitcoin
Explorer.
Donations
are
pooled
and
matched
by
the
$250,000
central
fund
provided
by
the
SEI
Foundation.

Referral
Bonus

A
referral
bonus
of
3,000
$SEI
will
be
awarded
if
the
referred
project
places
in
the
top
10.
Applicants
must
include
the
referral
in
their
application.

Application
Committee

The
application
committee,
leveraging
Gitcoin’s
quadratic
funding
model,
will
evaluate
projects
based
on
their
potential
impact
on
the
Sei
developer
ecosystem,
quality
of
documentation,
community
engagement,
and
alignment
with
Sei’s
core
features.
Projects
that
meet
these
criteria
will
be
put
to
a
community
vote.

Evaluation
Criteria

Projects
should
contribute
directly
to
the
Sei
developer
ecosystem,
be
new
or
significantly
improved,
and
follow
Sei’s
technical
standards.
Open-source
projects
are
preferred
but
not
mandatory.
A
clear
technical
feasibility
and
well-defined
roadmap
are
required.

Example
Projects

Example
projects
include
video
breakdowns
of
Sei’s
Twin
Turbo
Consensus,
code-along
videos
on
developer
topics,
blogs
explaining
Sei’s
key
technologies,
and
video
guides
on
building
dApps.

Understanding
Quadratic
Funding

Quadratic
Funding
(QF)
is
a
crowdfunding
mechanism
where
community
donations
act
as
votes
to
allocate
funds.
The
QF
model,
used
by
Gitcoin,
matches
small
donations
with
a
larger
central
fund
based
on
the
number
of
contributors,
capturing
community
needs
and
encouraging
broad
support.

Post-Funding
Requirements

Funded
projects
must
track
milestones
via
Karma
GAP,
maintain
open
communication
with
the
Sei
community,
and
participate
in
community
events
to
present
progress
and
outcomes.

For
any
questions,
developers
can
join
the
Sei
Community
Grants
Telegram
Group,
which
offers
sub-channels
for
pitch
scheduling
and
collaboration
requests.

About
Gitcoin

Gitcoin
creates
technologies
that
empower
communities
to
fund,
build,
and
protect
important
projects.
Through
its
Grants
Program,
Gitcoin
has
distributed
over
$60
million
to
early-stage
builders
in
decentralized
finance
(DeFi),
climate
initiatives,
open
source
projects,
and
more.

Image
source:
Shutterstock