Sei Foundation launches $65M venture fund

The Sei Foundation has launched a $65 million venture fund to support decentralized science (DeSci) startups based on the layer-1 Sei blockchain. According to The Block, the fund has been dubbed “Sapien Capital,” and will only invest in DeSci startups within the Sei blockchain ecosystem. No external capital was required to establish the fund, although it may collaborate with external investors or partners in the future.