Tier-1 (L1) blockchain developer Sei Labs has raised $30 million in two funding rounds.
Sei Labs announced on Tuesday, April 11, Tier-1 As part of a project that aims to improve the trading platform on the blockchain and disseminate its products to a wider audience. 30 million dollars invested and 800 million reported that it has reached a dollar valuation.
Financing round in two phases Jump Crypto, Distributed Global, Multicoin, asymmetric, flow traders, hypersphere And bixin ventures leading investors of the sector such as
This fund, collected by Sei Labs, which serves the exchanges to provide trading transactions, helps the growth of the project and additionally. Strengthening activities in the Asia-Pacific region will be used.
Co-Founder of Sei Labs Jayendra Jog In his statement on the subject, he mentioned the importance of decentralized applications (Dapp) and made the following statements about their expansion vision in this market:
Infrastructure and applications historically manifest themselves in cycles. Ethereum and the latest generation of public blockchains have led to an explosion of new decentralized applications over the past two years. Among these applications, exchanges and trading provided the clearest product-market fit. We aim to grow in this market. Our mission at Sei is to create the best infrastructure for trading practices.