Sei Network announced the launch of a development foundation in the U.S. aimed at promoting the adoption of blockchain technology and supporting developers.
Creation of Sei Development Foundation in the U.S.
The Sei Development Foundation will direct resources towards supporting blockchain developers in the U.S. According to **Gerald Gallagher**, the foundation's director, this is a significant step towards shaping the future of decentralized technologies. The foundation aims to make digital assets accessible for everyone in the country.
> "We are excited to see Sei Development Foundation taking center stage amidst this new wave of adoption in the US. This is a significant milestone for Sei to continue shaping the decentralized future and driving technological advancement, by making digital assets more accessible to everyone here in the US." - CITE_W_A
Investment Support for Sei Network
The foundation is supported by the development team at **Sei Labs** and major investors like **Circle Ventures**, focusing on **programmable commerce**. This strategic move is expected to enhance the network's global presence and competitiveness.
Prospects for Blockchain Development in the U.S.
The establishment of the foundation aims to increase blockchain activity and attract developers, potentially influencing the sector's landscape. Investment from major VCs highlights investor confidence in Sei's innovative approach to blockchain technology. With Sei's venture into the U.S. market, stakeholders anticipate an upsurge in blockchain development initiatives, which may stimulate further investments and partnerships.
The launch of the Sei Development Foundation anticipates growth in blockchain initiatives in the U.S., aligning with regulatory changes and technological advancements. Historically, such expansions have led to rapid protocol developments and funding initiatives.
