Creator financing platform GigaStar raised USD 4.8 million in a seed financing round with participation from DV Crypto VC, Tomsic Holdings, Nameless Ventures, among others.

Funding is set to be utilized for the development of its flagship solutions which include GigaStar Market, GigaStar Portfolio, and a planned secondary market platform. The company plans to soft launch in March and fully go to market in Q2 2023. 

Founded in 2022, GigaStar functions as a platform for YouTube creators and their fans to partner in revenue-sharing securities. Through GigaStar's blockchain technology, creators can access streamlined funding, fan engagement, and potentially bolster their channel growth. Fans can invest in YouTube creators to support by buying Channel Revenue Tokens (CRTs). The CRTs represent a revenue share percentage of the creator's YouTube channel, with fans having the right to receive monthly YouTube revenue through smart contracts.

Analyst QuickTake: GigaStar offers a unique value proposition compared to its competitors, as it provides a platform for fans to invest and earn revenue from a creator's YouTube channel. In contrast, other platforms such as Spotter and Creative Juice provide financing directly from the platform itself and have more stringent requirements in providing funding for creators.