Sei Foundation Launches $50 Million Japan Ecosystem Fund to boost Gaming, Social, and Entertainment Sectors
Introducing the Sei Japan Ecosystem Fund
The Sei Japan Ecosystem Fund is a dedicated initiative launched in recognition of the blossoming crypto startup space in Japan that aims to accelerate the growth of these startups on Sei. Launched by the Sei Foundation, this venture fund will provide robust support for early-stage startups as well as more established teams who are looking to scale their operations on Sei Network.
The fund's initial focus will be on the areas of Web3 gaming, social, and entertainment use cases, as Sei V2, the EVM’s most performant blockchain to date, has the potential to unlock new design space for consumer-facing blockchain applications. In the case that brand new use cases for blockchain technology emerge in Japan, the fund remains open to investing in projects of outstanding utility outside of these domains.
Promoting ecosystem development and social impact
The Sei Foundation officially unveiled the $50 million Japan Ecosystem Fund at the inaugural event for the “Sei Web3 Day for Japan”, which was hosted by Sei, Kudasai, New Economy, and CryptoBase in Tokyo on April, 27th 2024.
This event signaled a meaningful move towards nurturing the thriving Japanese Web3 market, featuring over 20 Japanese enterprises as speakers and serving as a platform for deepening relationships within the local industry. Sei's proactive approach demonstrates strong backing and significant support for the growth and expansion of its footprint within leading Japanese enterprises.
Focus on promising investment sectors in the region
This Ecosystem Fund aims to attract local talent, identify promising Japanese startups and bring them to Sei. This is in alignment with the Sei Foundation's objective to continue to scale the Sei ecosystem.
Justin Barlow, Head of BD and Investments at the Sei Foundation, affirmed the Sei Foundation’s commitment to supporting the gaming, social, and entertainment industries, recognizing their growth potential within the Japanese market. He stated, ”Japan has always been a leader in gaming, social, and entertainment, and we are excited about the potential of a new wave of crypto startups blossoming in Japan. Through this fund, we hope that Sei can become one of the largest players in this rapidly growing market.”
How to Apply?
Interested parties, startup teams, and individuals are encouraged to seize this opportunity to elevate their projects with the support of the Sei Foundation. If you are involved in gaming, social, or any entertainment use case in the Japanese market and seeking funding to take your project to the next level, please apply using the form link below:
Submit your application here
Note: This announcement is for informational purposes only and does not constitute financial advice. Please conduct your research and evaluation before participating in any project.
Investing in commercial ventures comes with its own set of challenges and risks. That’s why the Foundation will be taking a thoughtful and deliberate approach, and will only invest in companies that align with its values; any and all investment returns will be cycled back into the grants program, so that the Foundation can sustainably support builders in the future. This ensures that investments are creating a positive impact on the Sei community and supporting its long-term growth and success.
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