Sei Foundation's Sapien Capital aims to support decentralized science (DeSci) startups by leveraging blockchain technology.
Investment Strategy and Fund Allocation
The fund will invest in tokens and equity of DeSci projects, with investments ranging from $100,000 to $2 million. Justin Barlow, head of business development at Sei Foundation, stated that the full $65 million will be deployed over three to four years. The focus is on venture investments rather than grants, targeting areas like wearable technology, user-owned data collectives, and gamified drug discovery.
The Growth of DeSci and Its Challenges
Decentralized science (DeSci) uses blockchain to create open platforms for data sharing and funding. Despite offering transparency and fair compensation, it faces challenges with credibility and regulation. Sei Foundation plans to collaborate with academic institutions and life science companies to foster adoption.
The Sapien Capital fund could play a significant role in advancing blockchain technology in scientific research, addressing transparency and funding issues.
