The Sei Foundation is making a significant step to support crypto innovations in the U.S. by launching the Sei Development Foundation.
Sei Development Foundation Aims to Bridge Innovation Gap in the U.S.
According to the Sei Foundation, the U.S. lags behind other countries in supporting crypto and blockchain innovations. The Sei Development Foundation hopes to change this by working with blockchain developers directly. Funded for at least three years, the initiative will create new projects and job opportunities.
Sei Foundation to Collaborate with Lawmakers
The foundation plans to collaborate with lawmakers to create a more crypto-friendly environment. Gerald Gallagher, General Counsel at Sei Labs, sees this as a major step forward towards a decentralized future and accessible digital assets. Sei also launched the 'Crypto in America' podcast and newsletter.
What is Sei Network?
Sei is a Layer-1 blockchain designed for speed and efficiency. Having launched its mainnet in 2023, it is backed by major players like Multicoin and Coinbase Ventures. Its native token, SEI, was recently listed on Binance Japan.
With the launch of this foundation, Sei takes a step to elevate the U.S. as a hub for crypto startups and supports the development of new technologies.
