Introducing the US-Based Sei Development Foundation
Sei Foundation, the independent organization dedicated to the governance of the Sei protocol, the most performant Layer-1 blockchain, today announces the funding of a U.S. non-profit focused on growth and awareness of the Sei protocol, the Sei Development Foundation. This new U.S.-based Foundation will offer builders and developers robust support and resources, fueling ecosystem growth and helping position the U.S. as a global leader in crypto. Building on the recent positive momentum for the broader crypto industry in the U.S., the Sei Development Foundation will establish its headquarters in Manhattan to accelerate innovation and empower American builders.
While numerous international jurisdictions continue to actively attract crypto builders and innovators, the U.S. must work to regain its competitive edge in fostering innovation and attracting top talent, following a prolonged period of regulatory uncertainty and adversarial policy approaches. In alignment with its mission, the Sei Development Foundation will not only collaborate directly with builders and founders, but also seek to harness the growing optimism among U.S. regulators and policymakers to help establish the country as a premier destination for crypto entrepreneurship. Establishing a US foundation and headquarters cements the Sei ecosystem’s strong presence in the U.S. and further empowers a decentralized future.
“With growing adoption and continuing regulatory reform underway, and the deepest capital markets in the world, the US is on track to become a global crypto leader. We are excited to see Sei Development Foundation taking center stage amidst this new wave of adoption in the US. This is a significant milestone for Sei to continue shaping the decentralized future and driving technological advancement, by making digital assets more accessible to everyone here in the US.” shared Gerald Gallagher, General Counsel at Sei Labs, Board Director at the Sei Development Foundation.
“At the Sei Development Foundation, we are deeply committed to harnessing transformative technologies and nurturing innovation for the next generation of visionary entrepreneurs. By establishing a strong local presence, we can further this mission while reigniting hope and optimism for crypto founders across the nation.” said Justin Barlow, Executive Director at the Sei Development Foundation.
Doubling down on this U.S. initiative, Sei also recently launched Crypto in America, a new weekly podcast and newsletter of conversations with influential policymakers like SEC Commissioner Hester Peirce, and Executive Director of the President's Council of Advisers on Digital Assets, Bo Hines.
About Sei:
Sei is a Layer 1 blockchain that combines the advantages of Ethereum and Solana: the dominant development standard of Ethereum with the performance of Solana. Sei launched its mainnet in 2023, and has since processed billions of transactions across more than 18 million wallets. Currently on Devnet, Sei’s V3 Giga update will make Sei 50x more performant than any existing EVM chain, serving as a groundbreaking new scaling approach for the Ethereum ecosystem. The team is backed by Multicoin, Jump, Coinbase Ventures, and many more.
To learn more about Sei, please visit https://www.sei.io/
About Sei Development Foundation:
Sei Development Foundation is an independent U.S. nonprofit dedicated to the advancement and adoption of Sei – the fastest EVM Layer-1 blockchain built to support world-scale decentralized applications. Through education, funding, and ecosystem support, the Foundation collaborates with a global community of builders and users to promote and expand the benefits of Sei.