The Sei Foundation announced the launch of Sapien Capital—Open Science Fund I, a $65 million venture to support decentralized science startups on the Sei Network.
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. According to Justin Barlow, the head of business development at Sei Foundation, the full $65 million will be deployed over the next three to four years. Sei Foundation may consider external investors in the future.
Fund's Key Focus Areas
Sapien Capital will focus on developing wearable technology, user-owned data collectives, and gamified drug discovery. These areas aim to connect niche scientific communities with the mainstream market.
The Growth of DeSci and Its Challenges
Decentralized science is transforming the landscape of scientific research by offering transparency and decentralized funding. However, the sector faces challenges such as distrust in new technologies and regulatory barriers. To advance DeSci, Sei Foundation plans to partner with reputable academic institutions and companies.
The launch of the Sapien Capital fund marks a significant step in supporting decentralized science initiatives, potentially changing the approach to research and funding in the scientific field.
