Sei Foundation announced a $65 million fund to promote decentralized science startups on the Sei Network. This initiative aims to revolutionize scientific research using blockchain technology for enhanced transparency and funding models.
Investment Strategy and Fund Allocation
The fund will invest in both tokens and equity of DeSci projects with investments ranging from $100,000 to $2 million. The full $65 million will be deployed over the next three to four years. The fund focuses on areas like wearable technology, user-owned data collectives, and gamified drug discovery. "Our goal is to empower visionary founders building the infrastructure and communities for this emerging vertical," noted Justin Barlow.
The Growth of DeSci and Its Challenges
Decentralized science is transforming traditional scientific research by offering transparency and fair compensation for scientists. However, the sector faces challenges such as slow adoption due to credibility concerns. Sei Foundation plans to partner with respected academic institutions to establish trust and encourage adoption.
Sei Foundation's support for decentralized science opens new opportunities for research using blockchain technology. Despite challenges, such projects contribute to a fairer and more transparent scientific environment.
