Sei Foundation Launches $50M Japan Ecosystem Fund for Crypto Startups
The Sei Foundation has introduced a $50 million Japan Ecosystem Fund to accelerate the growth of crypto startups in Japan. This fund aims to support early-stage startups and established teams looking to expand their operations on the Sei Network.
Promoting Innovation in Web3
- The fund will initially focus on Web3 gaming, social, and entertainment sectors.
- Sei V2, known as the most efficient blockchain for the EVM, seeks to create new opportunities for consumer-oriented blockchain applications.
- The fund is also open to investing in projects with exceptional utility outside of these sectors if new opportunities arise.
Building Relationships and Driving Impact
The Sei Foundation unveiled the fund during the “Sei Web3 Day for Japan” event in Tokyo, co-hosted by Kudasai, New Economy, and CryptoBase. This event included over 20 Japanese companies as speakers, fostering connections within the local industry and showcasing Sei’s dedication to the Japanese Web3 market.
Focus on Emerging Sectors
The Ecosystem Fund aims to attract local talent and identify promising startups in Japan, aligning with Sei Foundation’s goal to expand the Sei ecosystem. Justin Barlow, Head of BD and Investments at the Sei Foundation, highlighted the growth potential in Japan’s gaming, social, and entertainment industries, emphasizing the possibilities for crypto startups in the country.
Application Process
Startup teams and individuals involved in gaming, social, or entertainment in Japan can apply for funding through the provided link.
Note: This information serves as an update and does not offer financial advice. Make sure to conduct thorough research before engaging in any investment. Investing in startups involves risks, and the Foundation will prioritize companies that align with its values. Investment returns will be reinvested to support future builders.
Keep up with Sei through their Website, Twitter, Discord, and Blog for more updates.
Hot Take: Sei Foundation Empowering Crypto Startups in Japan
Join Sei in shaping the future of Web3 in Japan and seize the opportunity to be part of a vibrant ecosystem. The $50 million fund opens doors for innovative projects and promising startups, driving growth and fostering connections within the Japanese crypto industry. Stay tuned for more updates and be a part of this exciting journey with Sei!
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