Public Chain Sei Launches $50 Million Ecosystem Fund

Public chain Sei launches $50 million ecosystem fund to support new DeFi applications on its platform. "Ecosystem wise, if you think about all of crypto, especially on-chain applications, there’s only a few apps that have gotten actual product market fit," co-founder Jeff Feng said. "Everything else is super, super early despite what valuations they have. Solana effectively is like a Series C startup with a huge valuation."