TL;DR
- Sei Foundation launched Sapien Capital, a $65 million fund to finance decentralized science (DeSci) startups on its blockchain.
- The investment will focus on advanced wearables, scientific data management, and gamification of drug discovery.
- The SEI token rose 10.5% in 24 hours, trading at $0.328 with a market capitalization of $1.45 billion.
Sei Foundation has launched a $65 million investment fund called Sapien Capital, aimed at financing the development of projects in the field of decentralized science (DeSci). This fund will exclusively focus on startups operating on the Sei blockchain, an ecosystem designed to optimize the efficiency and scalability of decentralized applications.
Unlike other funds that rely on external contributions, Sapien Capital has been fully financed by the foundation. However, there is a possibility that it may collaborate with additional investors or strategic partners in the future. The investment strategy includes allocations ranging from $100,000 to $2 million per project, with plans to distribute the capital over the next three to four years.
Interest in DeSci has grown due to its potential to transform access to scientific research. Decentralization allows for more equitable funding distribution and facilitates open data access, eliminating dependence on centralized institutions. Additionally, blockchain technology ensures greater transparency in fund management and the publication of research results.
Investment areas include advanced wearables, platforms for user-managed scientific data, and new drug discovery methods through gamification mechanisms. These applications aim to bring decentralized science to a wider audience and improve efficiency in sectors such as biotechnology and medical research.
Interest in DeSci is not new, but its development has gained traction in recent months. Firms like YZi Labs and a16z have made investments in this sector, indicating a growing recognition of the potential of these technologies. The advancement of infrastructures like Sei enables the scaling of these projects, allowing for faster and more efficient transactions.
SEI Will Provide Educational Support to Startups
To accelerate DeSci adoption, Sei Foundation will collaborate with universities, researchers, and biotechnology companies. Its goal is to strengthen the sector’s credibility and facilitate integration with the traditional scientific community. Additionally, it will support startups in market strategies and education to help users better understand these new solutions.
The SEI market performed exceptionally well in the last session. Its native token is currently trading at $0.328 after rising 10.5% in 24 hours, with a market capitalization of $1.45 billion.
