The Sei Foundation aims to accelerate the development of decentralized science (DeSci) with Sapien Capital, a $65 million investment fund aimed at fostering innovative startups in this field.
In a recent statement, the foundation announced the creation of Sapien Capital, an investment fund aimed at supporting the development of new companies in the decentralized science sector (DeSci).
The foundation explained that Sapien Capital will focus on three key areas: the development of advanced wearable devices for monitoring health, the optimization of scientific data management, and the gamification of drug discovery, with the aim of making scientific research more attractive and accessible and facilitating the analysis and use of data.
Through this new fund, the aim is to democratize access to science, allowing a wider public to actively participate in the research and development process, which could boost innovation and advances in the field of health.
Furthermore, the Sei Foundation has taken the initiative to fully finance this fund, thus ensuring that investments are made without relying on external contributions, although the possibility of collaborating with strategic partners in the future is not completely ruled out.
The SEI Foundation and its innovative approach to scientific funding
The creation of the fund Sapien Capital The Sei Foundation’s funding comes at a time when decentralized science (DeSci) is gaining popularity as a viable alternative to traditional models of scientific research. This fund will focus on financing startups operating in the blockchain ecosystem developed by Sei.
Justin Barlow, head of business development and investments at the Sei Foundation, said in a recent interview with The Block that the focus of the new fund is democratize access to resources and ensure fair compensation for the scientists involvedAccording to Barlow, unlike conventional scientific institutions, where funding is centralized, DeSci proposes a decentralized model that allows communities to decide on resource allocation.
In line with the above, Barlow highlighted that «DeSci has the potential to scale massively due to its universal impact and vast number of stakeholders in health, science and biotechnology.«. Overall, it highlights that this new model has the potential to eliminate dependence on centralized entities and facilitate access to open data, promoting transparent financing decisions through decentralized autonomous organizations (DAO).
Strategic alliances for open science in Biotechnology
In addition to launching its new investment fund, the Sei Foundation has also established partnerships with universities and companies in the biotechnology sector to address the obstacles that have limited the adoption of DeSci technologies.
Collaborations aim to legitimize blockchain-powered scientific initiatives and foster greater acceptance in the scientific community. In this context, the transparency and accessibility enabled by DeSci are key pillars, which will help facilitate researchers and funders to work together without the restrictions imposed by traditional hierarchical structures.
A boost to DeSci in the blockchain ecosystem
Barlow noted that DeSci has evolved since its initial conceptualization in 2021, noting that its true growth has been especially evident in recent months. The narrative behind DeSci has become clearer as the technology has evolved and adapted to specific needs, allowing for a better understanding by both the public and investors of how it can be applied to solve systemic problems in key areas, such as life sciences and medical sciences.
This recent boom in the DeSci sector has also been driven by significant investments in innovative projects such as BIO Protocol and AminoChain. According to experts, these projects are broadening the visibility of the sector and demonstrating how blockchain can transform scientific research. The active involvement of well-known investors in these projects has generated confidence in the potential of the sector, which could lead to further investment and development in the coming years.
In summary, the launch of the Sapien Capital fund by the Sei Foundation represents a significant step towards the democratization of scientific financing with blockchain.
Main image from Pixabay
