TechFlow news, April 2 — According to The Block, on April 2 the Sei Foundation announced funding for the establishment of the Sei Development Foundation, a U.S. nonprofit organization headquartered in Manhattan, New York, aimed at advancing the growth of the Sei protocol and cryptographic innovation. Sei is a Layer 1 blockchain that combines Ethereum development standards with Solana's performance.
The foundation will receive funding for at least three years and, beyond direct collaboration with developers and founders, will leverage the increasingly favorable regulatory environment to promote the United States as a hub for crypto entrepreneurship. Sei recently launched its "Crypto in America" podcast and newsletter and has expressed interest in exploring the acquisition of the bankrupt company 23andMe.
