TechFlow News — The Sei Foundation has announced the launch of a $50 million Japan Ecosystem Fund aimed at accelerating the growth of Japanese crypto startups on the Sei network.
The fund will primarily support early-stage startups and teams looking to scale their operations, with initial focus on Web3 gaming, social, and entertainment sectors.
The Sei Foundation officially unveiled the fund during the "Sei Web3 Day" event held in Tokyo on April 27, 2024, which attracted over 20 Japanese companies. Justin Barlow, Head of BD and Investments at the Sei Foundation, stated that the fund is intended to position Sei as a key player in the Japanese market.
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