SEI Foundation launched a $ 65 million DESCI venture capital fund Sapien Capital

Panews January 30 news, the SEI Foundation announced the launch of the 65 million US dollar venture capital fund called "Sapien Capital -Open Science Fund I", focusing on supporting the decentralized science (DESCI) start -up enterprise built on the SEI blockchain. Essence The fund is funded by the SEI Foundation in full. It is planned to complete the capital deployment in the next 3 to 4 years. The investment amount range is 100,000 to 2 million US dollars, covering the tokens and equity forms.

DESCI aims to improve the funding model, data sharing and scientists' equity distribution of scientific research through blockchain technology, attracting mainstream institutions including Binance Labs and A16Z.