The public chain Sei Network has launched a $50 million ecosystem fund to support more DeFi applications

According to Chain Catcher news and reported by TechCrunch, the Layer 1 public blockchain Sei Network has launched a $50 million ecosystem fund to support the development of DeFi applications on its platform. Sei co-founder Jeff Feng stated that there are currently over 50 project development teams on Sei, including projects from Solana, NEAR, Polkadot, and Terra.

In addition, Jeff Feng also mentioned that the ecosystem fund aims to build infrastructure to provide advantages in development. (Source link)