According to Foresight News, Gitcoin has announced its collaboration with the Sei Foundation to initiate the first round of the Sei Creator Fund. The Sei Creator Fund is a $10 million project. The first round of the initiative is set to commence on June 4th, employing quadratic financing and offering a matching fund pool of $250,000.

The fund aims to support a variety of sectors including decentralized content platforms, NFT markets and tools, social platforms and fan engagement, decentralized crowdfunding, Web3 creative tools and infrastructure, creator DAOs and collectives, Web3 content discovery, creation and curation, as well as Web3 skill sharing and education.