Since its establishment, Sei has secured $70 million in ecological funding within just eight months and will focus on expanding into the Asian market in the future

ChainCatcher news, the DeFi Layer 1 blockchain project Sei based on Cosmos has secured a total of $70 million in ecosystem funding just eight months since its establishment. The co-founder expressed hopes to expand into the Asian market in the coming year.

Co-founder Jayendra Jog stated that most of the projects initially joining Sei were attracted by its core technology. However, since the Terra incident and the FTX bankruptcy, Sei has begun to see teams from different ecosystems flocking in. Currently, the ecosystem has over 100 projects, and Sei hopes to continue expanding into the Asian market, as it is optimistic about the region's technological advancements, high cryptocurrency usage, and the presence of excellent developers. (source link)