Drakulaapp has launched a $DEGEN Onchain Creator Fund, aiming to support content creators with a fund of 20M DEGEN, approximately valued at $333,000. This initiative seeks to reward video creators up to $1,000 per week, encouraging them to move away from platforms like TikTok and embrace an onchain future. The announcement was made by AlexMasmej of Drakulaapp, highlighting the goal to memetically engineer a supportive ecosystem for creators, with significant backing from @degentokenbase. In addition to this, the $DEGEN token has seen significant activity, with a current bid of 81,000 DEGEN and a total transaction volume reaching 800,000,000 DEGEN. The initiative has been well-received, with additional grants and rewards being distributed, including a 3.5M DEGEN grant by @degentokenbase and a 1,000,000 DEGEN airdrop to the top 100 @9dccxyz Network Points holders.