"Sei Foundation Launches $65M Fund for DeSci Startups on Sei Blockchain"

The Sei Foundation has launched a $65 million venture fund, Sapien Capital—Open Science Fund I, focused on Decentralized Science (DeSci) startups built on the Sei blockchain. The fund is led by Justin Barlow, the Foundation's Business Development and Investment Director, who previously worked at Solana Ventures. Barlow revealed to The Block that the fund will exclusively invest in DeSci startups that are natively built on the Sei blockchain. The Sei Foundation has fully committed $65 million to this fund, but may collaborate with external investors or limited partners in the future.

The launch of Sapien Capital comes at a time when DeSci is gaining traction in the blockchain industry. DeSci aims to create a decentralized ecosystem for scientific research, enabling collaboration and data sharing among researchers worldwide. By investing in DeSci startups, Sapien Capital seeks to support the growth and development of this innovative sector.

The Sei Foundation's commitment to DeSci is evident in its decision to launch a dedicated venture fund. Barlow's experience in the blockchain industry and his background in investment at Solana Ventures further strengthen the fund's credibility. As the blockchain industry continues to evolve, the launch of Sapien Capital signals the Foundation's commitment to supporting the growth and development of DeSci startups.