The Sei Foundation's $65 million Sapien Capital fund focuses on decentralized science to support startups using blockchain for innovation in scientific research.
Investment Strategy and Fund Allocation
The fund will invest in tokens and equity of DeSci projects with amounts ranging from $100,000 to $2 million. According to Justin Barlow, head of business development and investments at Sei Foundation, the entire fund will be deployed over three to four years. This initiative will focus strictly on venture investments, without providing grants.
The Growth of DeSci and Its Challenges
Decentralized science (DeSci) uses blockchain to create decentralized platforms for open data sharing and funding access. Major challenges include slow adoption of blockchain models by the scientific community due to credibility and regulation concerns. Sei Foundation plans to collaborate with academic and scientific organizations to address these issues.
Target Areas of Sapien Capital
The fund will focus on key DeSci areas such as wearable technology, user data, and gamification of scientific research. These areas aim to bridge the gap between niche scientific communities and mainstream adoption.
The Sei Foundation's Sapien Capital fund will be a significant contribution to decentralized science, promoting new approaches to funding and research.
