Layer 1 Blockchain Sei, which supports the growth of the Blockchain Sei, has launched a $ 65 million venture fund that focuses on distributed science (DESCI) as this division acquires momentum.
Venture funds called “Sapien Capital -Open Science Fund I” will be monopolized exclusively in DESCI startups by default to the SEI block chain, Justin Barlow and SEI FOUNDATION, and investors in Solana Ventures. . The SEI Foundation has completely invested $ 65 million in capital of the fund, but it can cooperate with external investors or limited partners in the future, Barlow said.
Progress on the desci of Sei Foundation depends on this sector. DESCI or blockchain driving science is considered to expand access to scientific research funds, to share open data, and to ensure fair compensation for scientists. Unlike traditional research institutes, where centralized companies control funds for financing, DESCI converts power into a distributed community. Using the mechanism like the distributed autonomous tissue (DAO), the funding decisions are made of transparent chain and the research data is publicly shared.
Barlow said, “DESCI has the potential to expand its enormous scale due to universal impacts and numerous stakeholders in medical, science and biotechnology. “Our goal is to empower the founder who builds the infrastructure, applications and communities needed to support and expand this new vertical.”
In particular, the fund is not an ecosystem fund and will not provide subsidies. Instead, it will invest in venture investments in tokens and DESCI startups between $ 100,000 to $ 2 million, Barlow said. The fund plans to deploy overall capital for the next three to four years.
I know the lowered bets of Foundation
Barlow pointed out that Sei Foundation began to discuss the start of the fund in the fall of 2024. He emphasized the application for consumers with the greatest opportunity in DESCI, especially to hundreds of millions of users.
Barlow said, “The main interests of the fund include more sophisticated wearables, user -owned data groups and Gamified Drug Discovery, and are supported by innovative funding and ownership models developed by innovative funds and ownership models for the past 10 years. “Barlow said. “These developments have the potential to bridge the gap between niche and alcohol adoption, and solve numerous systematic tasks that affect traditional life sciences and biotechnology today.”
DESCI as a concept has been since 2021, but in recent months, its traction has increased significantly. In November, Binance Labs (now changed to YZI Labs) was first moved to DESCI category in an investment in bio protocol. According to Coingecko data, BIO TOKEN is currently trading at $ 0.23 and more than $ 370 million. In September, the A16Z invested in the first decay investor of the decentralized biobank platform aminocane.
Barlow points out that DESCI’s popularity on the periodic characteristics of the Crypto story is increasing, and that new vertical cycles for new verticals often require multiple market cycles. “The story is more clear than in 2021, and the technology of protocols such as SEI can finally support DESCI activities.”
Nevertheless, alcohol adoption is not difficult, especially not to be accepted by a wide range of scientific community.
Barlow said that to solve these tasks, the SEI Foundation plans to cooperate with “establishing a good member of the academic community, the establishment of a leading university and life science company” in order to improve the legitimacy of the initial DESCI sector and encourage long -term investments.
The fund will also work with the SEI Foundation to support portfolio companies in areas such as market strategy and user education.
According to the Block’s SEI price page, SEI tokens are currently $ 0.30, with a market cap trading at $ 1.3 billion.
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