Hassan Maishera
On Friday, the Sei team announced via X that it has introduced the Sei Development Foundation, a U.S. nonprofit organization headquartered in Manhattan, the financial capital of the world.
Established by the Sei Foundation, the Sei Development Foundation will provide the infrastructure required for institutional adoption and for builders to accelerate crypto’s future in the US and beyond.
The Sei Development Foundation aims to provide critical resources and support for builders while engaging with US policymakers to foster a pro-innovation environment.
Sei is a high-speed Layer 1 blockchain tailored for the digital asset boom, from NFTs to DeFi. The blockchain intends to unlock a brand-new design space for consumer-facing applications. Its native coin, SEI is down 14% in the last 24 hours and is now trading at $0.1384 per coin.
