Flow

<div class="textg" style="text-align: justify; font-weight: lighter; line-height: 1.3em; font-size: 15px; border-radius: 3px; color: #80909a; padding: 10px; background-color: #F4F6F9; margin-bottom: 15px;">
 Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our&nbsp;<a href="https://tokenist.com/terms-of-service/" style="text-decoration:underline;color:#3c7b7b" target="_blank" rel="noreferrer noopener" class="deco-link">website policy</a>&nbsp;prior to making financial decisions.
</div> 
<p class="has-drop-cap">Sei, a layer-1 (L1) blockchain focused on trading, bagged $30 million in fresh funding at a valuation of $800 million, according to a <a aria-label="press release (opens in a new tab)" 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" target="_blank" rel="noreferrer noopener nofollow" class="deco-link">press release</a>. Sei’s co-founder said the firm would use the new funds to grow its footprint in the Asia-Pacific region and find the right strategic partners.</p> 
<h3 id="sei-valued-at-800m-after-new-funding">Sei Valued at $800M After New Funding</h3> 
<p>Trading-focused L1 blockchain firm Sei said it had secured $30 million in two strategic funding rounds, taking its valuation to $800 million. Investors participating in the rounds include Jump, Distributed Global, Multicoin, Asymmetric, Flow Traders, Hypersphere, and Bixin Ventures.</p> 
<p>Sei Labs co-founder Jayendra Jog said the fresh capital would help the company facilitate growth and increase its presence in the Asia-Pacific region and connect with the “right strategic partners, especially going into mainnet,” Further, the funding will also allow Sei to reinforce its position as one of the leading layer-1 solution and further promote the global development of digital assets, Sei said in the press release.</p> 
<p>Jog said the primary objective is to “build the best infrastructure for exchanges.” He said crypto projects also use Sei to build games, non-fungible token (NFT) marketplaces, and rollups.</p> 
<blockquote class="wp-block-quote"> 
 <p>“It’s not just DeFi, but other [applications] that derive demand from trading.”</p> <cite>– added Jog.</cite>
</blockquote> 
<p>The new funding comes less than a year after <a href="https://tokenist.com/market-makers-back-ex-goldman-bankers-crypto-startup-focusing-on-improving-defi/" rel="dofollow" class="deco-link">Sei completed a $5 seed round</a>, which Sei said wasn’t “just focused on capital, but to get the right set of partners.” More recently, the <a href="https://techcrunch.com/2022/09/28/crypto-trading-focused-blockchain-sei-launches-50m-ecosystem-fund/" rel="dofollow" class="deco-link" target="_blank">blockchain announced</a> the launch of a $50 million ecosystem and liquidity fund to foster the <a href="https://tokenist.com/defi-and-fintech-could-challenge-traditional-intermediaries-imf-report/" rel="dofollow" class="deco-link">burgeoning decentralized finance (DeFi) applications</a> on its platform.</p> 
<div class="cta-referral"> 
 <img src="https://tokenist.com/wp-content/themes/thetokenist/assets/img/del/cta-referral-1.png" alt="" class="cta-referral__img" loading="lazy" decoding="async"> 
 <div class="cta-referral__text"> 
  <p>Join our&nbsp;<a href="https://t.me/thetokenist" target="_blank" rel="noreferrer noopener nofollow">Telegram group</a>&nbsp;and never miss a breaking digital asset story.</p> 
 </div> 
</div> 
<h3 id="what-is-sei">What is Sei?</h3> 
<p>As opposed to other multipurpose L1 blockchains developers used by developers to build projects, Sei’s primary focus is on the development of a crypto trading network through its chain. Some of the <a href="https://tokenist.com/these-l1-blockchains-have-outperformed-ethereum-by-100-in-august/" rel="dofollow" class="deco-link">biggest L1 blockchains</a> for building projects include Ethereum, Near, Solana, Avalanche, and more.</p> 
<p>Led by a team of experienced developers and executives from Goldman Sachs, Databricks, Robinhood, Google, and Nvidia, Sei believes that existing blockchain networks are not optimized for high-frequency trading and are too slow for real-world financial applications.</p> 
<p>Sei currently has more than 120 projects building on top of its blockchain. The company said its most recent public testnet involved 3.6 million unique users and processed over 35 million transactions in less than a month in March. Sei is still in its public testnet phase, though it plans to roll out its mainnet later this year, said Jog.</p> 
<div class="cta-sub js__cta-sub"> 
 <div class="cta-sub__start" data-step="1"> 
  <div class="cta-sub__title">
   <strong>Finance is changing.</strong>
  </div> 
  <div class="cta-sub__subtitle">
   Learn how, with Five Minute Finance.
  </div> 
  <div class="cta-sub__excerpt">
   A weekly newsletter that covers the big trends in FinTech and Decentralized Finance.
  </div> <button type="button" class="btn">Try it out (for free)</button> 
 </div> 
 <div class="cta-sub__form" data-step="2" style="display: none;"> 
  <script type="text/javascript" src="https://app.getresponse.com/view_webform_v2.js?u=QcLhh&amp;webforms_id=zw3Wv"></script> 
 </div> 
 <div class="cta-sub__result" data-step="3" style="display: none;"> 
  <div class="cta-sub__title">
   Awesome
  </div> 
  <div class="cta-sub__caption">
   You’ve subscribed.
  </div> 
  <div class="cta-sub__greeting">
   You’re well on your way to being in the know.
  </div> 
 </div> 
</div> 
<p><em><strong>Were you familiar with Sei before? If so, what do you think about the project? Let us know in the comments below.</strong></em></p> 
<p>The post <a rel="nofollow" href="https://tokenist.com/blockchain-firm-sei-labs-raises-30m-in-funding-round/">Blockchain Firm Sei Labs Raises $30M in Funding Round</a> appeared first on <a rel="nofollow" href="https://tokenist.com">Tokenist</a>.</p>

Blockchain Firm Sei Labs Raises $30M in Funding Round

目录

TokenInsight

发布于 2023年4月11日的其他文章

Solana Rallies 10% Alongside the Bullish Bitcoin and Ethereum

WOW EARN Introduces Free Mining Platform That Anyone Can Use

Treasury Secretary Janet Yellen says the US economy is strong despite recent bank turmoil

Sei Labs Raises $30M in Funding to Develop Layer 1 Blockchain for Trading