Ethereum

Flow

Read

FOMO

Sei Labs, a leading contributor to the open-source Sei blockchain, has announced a raise of $30 million in two strategic funding rounds from investors including Jump, Distributed Global, Multicoin, Asymmetric, Flow Traders, Hypersphere, and Bixin Ventures. 
"The funding round will enable Sei Labs to further solidify its presence in the Asia-Pacific region, where there is a growing demand for innovative blockchain solutions," the company said in an <a href="https://www.globenewswire.com/news-release/2023/04/11/2644459/0/en/Sei-Labs-Raises-30M-to-Build-the-Layer-1-for-Trading.html?ref=blockhead.co">announcement</a> this week.
<a href="https://www.seinetwork.io/?ref=blockhead.co">Sei Labs</a> is known for its work on the Sei blockchain, which offers chain-level optimizations for decentralized exchanges and trading apps, aiming at performance and scalability. 
Read more: <a href="https://www.blockhead.co/2023/04/13/google-exec-joins-circle-as-vp-for-strategy-expansion-yam-ki-chan/">Google Exec Joins Circle as VP for Strategy &amp; Expansion</a>
"Infrastructure and applications historically come in cycles - Ethereum and the last generation of public blockchains led to a Cambrian explosion of new decentralized apps over the past two years. Among those apps, exchanges and trading have achieved the clearest product-market-fit but are held back by outdated Layer 1 blockchains. Our mission at Sei is to build the best infrastructure for trading," Jayendra Jog, co-founder of Sei Labs, said.
<h2 id="asia-opportunities">Asia opportunities</h2>
Sei said that it aims to tap into the vast market opportunities in the region and provide cutting-edge trading infrastructure to meet the needs of the rapidly evolving digital asset landscape.
Sei noted its significant growth during its development phase, with over 120 teams already deploying on Sei ahead of mainnet launch, indicating strong developer support and excitement. Furthermore, Sei's latest public testnet, which went live on March 13th, has already attracted over 3.6 million unique users and processed over 35 million transactions in less than a month, showcasing the robustness and scalability of the Sei blockchain, the company said.
Read more: <a href="https://www.blockhead.co/2023/04/13/razer-rolls-out-blockchain-despite-web3-gaming-struggle/">Razer Rolls Out Blockchain Despite Web3 Gaming "Struggle"</a>
"We already had ample runway, so the primary goal of this capital raise was to get the right strategic partners around the table, and we’re elated with the crew that we were able to lock in," added Jog.
With the additional funding and strategic partnerships in place, Sei Labs is well-positioned to further enhance its offerings and drive its expansion plans in the Asia-Pacific region. 
<hr>
The world of Web3 can be quite a whirlwind. Whether it’s crypto news in Singapore, South East Asia or even across the globe, we understand how busy the industry is keeping you, so we kindly send out three newsletters each week:
<ul>
 <li><a href="https://blockhead.co/tag/blockbeat?ref=blockhead" rel="noopener noreferrer">BlockBeat</a> for a wrap-up of the week’s digital assets news</li>
 <li><a href="https://blockhead.co/tag/blockhead-brief?ref=blockhead" rel="noopener noreferrer">Blockhead Brief</a> for weekend happenings as well as what to look forward to in the week ahead</li>
 <li><a href="https://www.blockhead.co/tag/business-bulletin/" rel="noopener noreferrer">Business Bulletin</a> for macroeconomic updates and industry developments.</li>
</ul>
To avoid FOMO and access member-only features, click <a href="https://www.blockhead.co/#/portal/" rel="noopener noreferrer">here</a> to subscribe for FREE.

Sei Labs Secures $30M in Funding to Drive Asia Expansion

목차

Blockhead

2023년 4월 13일에 게재된 다른 기사

Jumia Kenya appoints Charles Ballard as its third CEO in 16 months

Three Cryptos Projects With 100X Upside Potential: Fantom (FTM), Quant (QNT), and Uwerx (WERX)

VAF Compliance Launches Telegram Bot Service to Help Crypto Users and Businesses Avoid Receiving ...

ETH Deposits Outpace Withdrawals Pointing to Rising Demand

What Bitcoin’s Evolving Supply Distribution Tells Us About Decentralization

How to use Wombat Exchange on Arbitrum

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!