How much money has Sei raised in two funding rounds?

Sei has raised $30 million in two funding rounds. (Pixabay) Sei Labs, a contributor to the Sei layer 1 blockchain, has raised $30 million across two funding rounds, according to a press release Tuesday. The funding will help accelerate Sei Labs’ growth, including a deeper expansion into the Asia-Pacific region.

What is Sei blockchain?

Sei is an open-source layer 1 blockchain that is designed to allow decentralized exchanges and trading apps to offer users a fast and easy way to trade assets. Sei’s public test network went live on March 13 and has attracted more than 3.6 million unique users since then, according to the company.

What is jump crypto?

As founding code contributors to projects such as the Pyth network, an oracle for real-time on-chain market data, and Wormhole, a blockchain interoperability protocol, Jump Crypto’s team has been actively creating decentralized, open-source tooling that seek to solve real-world problems in the public domain for more than six years.

What is Sei & how does it work?

While many Layer-1 blockchains provide general-purpose networks that developers can build on top of, Sei focuses on the crypto trading network through its chain. Its team is made up of former employees from Goldman Sachs, Databricks, Robinhood, Google and Nvidia.