Sei Foundation Launches $65M DeSci Investment Fund Called Sapien Capital

Sei Foundation has launched a $65 million investment fund called Sapien Capital, aimed at financing the development of projects in the field of decentralized science (DeSci).

Sapien Capital, a $65 million investment fund, has been established by Sei Foundation to spearhead the development of decentralized science (DeSci) projects on the Sei blockchain. This fund will exclusively finance startups operating within the Sei ecosystem.

While most funds rely on contributions from external parties, Sapien Capital is fully funded by the foundation itself. However, the fund may collaborate with additional investors or strategic partners in the future. The investment strategy involves allocating varying amounts, ranging from $100,000 to $2 million, to each project. The capital will be disbursed over the next three to four years.

The fund aims to advance DeSci by enabling broader participation and enhancing efficiency in fields like biotechnology and medical research. Applications include advanced wearables, platforms for user-managed scientific data, and novel drug discovery methods utilizing gamification.

Interest in DeSci has been growing due to its potential to transform access to scientific research. By decentralizing the process, funding can be distributed more equitably, and open data access is facilitated, reducing reliance on centralized institutions. Furthermore, blockchain technology ensures greater transparency in fund management and the publication of research results.

This fund is part of a larger trend in the DeSci space, with firms like YZi Labs and a16z making investments in this sector. As the infrastructure for these technologies, such as the Sei blockchain, continues to advance, we can expect to see more applications emerging and DeSci becoming increasingly accessible.

To accelerate DeSci adoption, Sei Foundation will collaborate with universities, researchers, and biotechnology companies. Its goal is to strengthen the sector’s credibility and facilitate integration with the traditional scientific community. Additionally, it will support startups in market strategies and education to help users better understand these new solutions.

The SEI market performed exceptionally well in the last session. Its native token is currently trading at $0.328 after rising 10.5% in 24 hours, with a market capitalization of $1.45 billion.