The SEI, which supports Layer 1 Blockchain SEI, has launched a $ 65 million project fund -focus on decentralized science (Desci) where the sector picks up momentum.

"Blockchain and Justin Barlow, the head of business development and investment at SEI, a former investor at Solana Ventures, for the SEI Blockchain and Justin Barnow, and the head of business and investment at the SEI Foundation and a former investor in SEI Olana Ventures, For the SEI Blockchain and Justin Barlow, the head of business and investment development at the SEI Foundation and a former investor at Solana Ventures. Barlo said that the SEI has committed a $ 65 million capital of the fund, but it may work with external investors or limited partners in the future.

The SEI invasion of Desci comes with the growth of this sector. Desci, or Blockchain, as a way to expand access to scientific research, enable open data sharing and ensure fair compensation to scientists. Unlike traditional research institutions, where central entities control the distribution of financing, the Desci transforms the ability to decentralized societies. Using mechanisms such as decentralized independent organizations (DAOS), financing decisions are taken transparently on transparency and the search data is publicly shared.

"Desci has the ability to expand significantly because of its global influence and the huge number of stakeholders through health care, science and biotechnology," said Barlo. "Our goal is to enable insight founders who build infrastructure, applications and societies needed to support and expand the scope of this emerging vertical."

It is worth noting that the fund is not an ecosystem and will not provide grants; Instead, it will make project investments in both symbols and stocks at Desci, startups, with check sizes ranging from $ 100,000 to two million dollars, Barlo said. He added that the fund is planning to spread its full capital over the three years to the next four.

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Barlo pointed out that the SEI founded a discussion of the launch of the fund in the fall of 2024. He highlighted the applications facing the consumer like some of the biggest opportunities in DESCI, especially those that have the ability to reach hundreds of millions of users.

"The main areas of interest in the fund include more advanced wearable devices, user -owned data societies, and the discovery of filled medicines, all of which are supported by the innovative and innovative ownership models developed by Crypto over the past decade." "These developments have the ability to bridge the gap between specialized scientific societies and prevailing adoption, as it faced many regular challenges that affect traditional life sciences and biotechnology today."

While Desci as a concept has existed since 2021, it has grown significantly in recent months. Last November, Binance Labs - which is now renamed as Yzi Labs - was called - Yzi Labs - to make Its first move to the Desci sector with an investment in the vital protocol. The vital distinctive symbol is currently trading at $ 0.23, with a marketing formation of more than $ 370 million, according to Coingecko Data. In September, A16Z to make Her first investment in Desci on the biological bank platform.

Barlow attributes the growing popularity of Desci to the periodic nature of encryption novels, noting that it often requires multiple market courses to become a new vertical. "Not only the narration is more clear than it was in 2021, but technology behind protocols like Sei is finally able to support Desci on a large scale."

However, the prevailing adoption will not be without challenges - especially obtaining acceptance from the broader scientific community.

To face such challenges, Barlo said that the SEI Foundation plans to cooperate with "members of a good reputation in academic society, the leadership of universities and life sciences companies" to enhance the legitimacy of the desci sector and encourage investment in the long run.

He added that the fund will also work with the SEI Foundation to support governor companies in areas such as going to the market and teaching users.

The SEI's distinctive code is currently trading at $ 0.30, with a marketing official of $ 1.3 billion, according to SEI price page for the mass.

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