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GigaStar to launch $1m YouTube Creator Fund to award creators
GigaStar, a startup bringing creators and Investors together, is launching $1 million YouTube Creator Fund to help accelerate the journey of YouTubers. The new fund will launch in the coming month to provide discretionary grants to established creators earning over $100k in annual YouTube revenue.
The fund will contribute to GigaStar's mission of fueling human creativity while it continues to serve creators who list on GigaStar Market, a crowdfunding platform where creators can raise capital from thousands of investors by monetizing potential future revenue.
Hazem Dawani, CEO and Co-founder, GigaStar: "This Fund is another way for us to support creators. In addition to GigaStar Market, which allows creators to gain strategic investors and gives investors access to the $250 billion Creator Economy via revenue-sharing securities, which are uniquely represented by digital tokens, we will also award grants to select creators to help advance their goals."
This news follows GigaStar's recent announcement that it completed an additional $3 million investment round to advance efforts to scale GigaStar Market (its current primary market platform), attain its broker-dealer registration, and develop its secondary market trading platform, which is targeted to launch by the end of 2024.
GigaStar Market is an SEC-registered funding portal, and has launched 8 YouTube channel offerings, raising for Creators on the platform over $1.2 million to date with over 12,000 investor accounts. Investment offerings are speculative, illiquid, and involve risks, including the risk of loss of the entire investment.
