Ah, the Sei Foundation, in its infinite wisdom, has chosen to unveil a venture fund of a staggering $65 million, aimed at the ever-elusive realm of decentralized science. One might wonder, is this a noble pursuit or merely a whimsical dalliance with the fancies of modernity? 🤷♂️
In a proclamation that first graced the pages of The Block, the Sei Foundation has introduced its “Sapien Capital – Open Science Fund I.” This fund, dear reader, is not merely a collection of coins but a beacon of hope for those ambitious souls daring to build upon the layer 1 blockchain Sei (SEI). 🌐
As the crypto and blockchain realms continue to metamorphose the very fabric of scientific funding, the $65 million fund aspires to redefine the sector. The Sei Foundation, in its grandiloquent manner, asserts that Sapien Capital will not only revolutionize how science is funded but also how it is shared and validated. A tall order, indeed! 📜
However, let us not be deceived; this new fund is not crafted solely for the Sei ecosystem and, alas, does not include grants. Instead, it is a siren call to venture investments in DeSci startups, including those audaciously focused on gamified drug discovery and wearables. One can only imagine the possibilities! 🎮💊
The fund, with its check sizes ranging from $100,000 to $2 million, plans to invest in both project tokens and equity. A veritable buffet for the discerning investor! 🍽️
Justin Barlow, the head of business development and investments at the Sei Foundation, has proclaimed that Sapien Capital intends to fully deploy its capital within the next three to four years. A timeline that seems both ambitious and delightfully vague! ⏳
Interest in DeSci has piqued the curiosity of venture capitalists, with some of the most illustrious funds in the space taking the plunge. Notable mentions include a16z Crypto’s investment in AminoChain last September and YZi Labs, which previously placed its bets on BIO Protocol in November. The game is afoot! 🎩
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2025-01-29 23:49