KEY TAKEAWAYS
- The Sei Foundation has launched the Sei Development Foundation in the U.S. to boost the growth and awareness of the Sei protocol, a high-performance Layer-1 blockchain.
- Headquartered in Manhattan, the foundation aims to position the U.S. as a leader in the cryptocurrency sector by supporting builders and developers.
- The foundation plans to engage with U.S. regulators and policymakers, enhancing the nation’s appeal as a hub for crypto entrepreneurship.
- Sei has also introduced ‘Crypto in America,’ a podcast and newsletter to foster dialogue on digital assets with influential policymakers.
The Sei Foundation, an independent organization overseeing the governance of the Sei protocol, has announced the establishment of a new U.S.-based non-profit, the Sei Development Foundation. This initiative aims to enhance growth and awareness of the Sei protocol, a high-performance Layer-1 blockchain. The new foundation will provide extensive support and resources to builders and developers, fostering ecosystem growth and positioning the U.S. as a leader in the cryptocurrency sector.
The Sei Development Foundation will be headquartered in Manhattan, reflecting a strategic move to accelerate innovation and empower American builders. This development comes amid a broader positive momentum for the crypto industry in the U.S., as the country seeks to regain its competitive edge in fostering innovation and attracting top talent. The foundation plans to collaborate with builders and founders while engaging with U.S. regulators and policymakers to establish the nation as a premier destination for crypto entrepreneurship.
Gerald Gallagher, General Counsel at Sei Labs and Board Director at the Sei Development Foundation, emphasized the significance of this move. He stated, “With growing adoption and continuing regulatory reform underway, and the deepest capital markets in the world, the US is on track to become a global crypto leader. We are excited to see Sei Development Foundation taking center stage amidst this new wave of adoption in the US.”
Justin Barlow, Executive Director at the Sei Development Foundation, echoed this sentiment, highlighting the foundation’s commitment to nurturing innovation for the next generation of entrepreneurs. “By establishing a strong local presence, we can further this mission while reigniting hope and optimism for crypto founders across the nation,” he said.
In addition to establishing the foundation, Sei has launched “Crypto in America,” a weekly podcast and newsletter featuring conversations with influential policymakers, including SEC Commissioner Hester Peirce. This initiative aims to further engage with the regulatory landscape and promote dialogue on digital assets.
The Sei protocol, known for combining the advantages of Ethereum and Solana, launched its mainnet in 2023 and has since processed billions of transactions. The upcoming V3 Giga update is expected to significantly enhance performance, marking a new scaling approach for the Ethereum ecosystem. More details about the Sei Development Foundation can be found here.
Why This Matters: Impact, Industry Trends & Expert Insights
The Sei Foundation has launched a U.S.-based non-profit, the Sei Development Foundation, to enhance growth and awareness of the Sei protocol, a high-performance Layer-1 blockchain.
Recent industry reports indicate that the U.S. crypto industry is seeing significant innovation initiatives, including the establishment of a U.S. Digital Asset Stockpile. This aligns with Sei’s strategic move to foster ecosystem growth and position the U.S. as a leader in the cryptocurrency sector.
As per insights from CryptoSlate, the Sei Foundation is poised to significantly influence the US crypto landscape through strategic partnerships and decentralization efforts. This supports the foundation’s mission to empower American builders and engage with U.S. regulators to establish the nation as a premier destination for crypto entrepreneurship.
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