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The percentages and metrics are calculated from its change over a 7-day time frame, unless noted otherwise.
Highlighting some of the biggest announcements from Sei.
💨 What’s happening: Sei Foundation shared it is “exploring the acquisition” of 23andMe.
💨 Why it matters: The genomics and biotech company, which recently filed for Chapter 11 bankruptcy, currently is in possession of approximately 15 million genetic data profiles. If the Sei Foundation acquires the company, that data could be deployed onto the Sei blockchain.
Sei has honed in on Decentralized Science (DeSci) in recent months through its release of Sapien Capital, a $65 million fund dedicated for startups. This acquisition would align with the narrative and expand blockchain technology beyond financial services into protecting sensitive personal data. By moving genetic information onchain, users could gain more control over their data, while maintaining privacy through encrypted, confidential transfers.
“If Sei were to acquire the company, we believe we could both preserve this scientific resource and elevate user privacy and control,” Sei Foundation Head of BD Justin Barlow shared exclusively with Token Relations. “Sei runs one of the world’s fastest, most scalable blockchains – making it an ideal foundation for a platform like 23andMe.”
For 23andMe users, this could change how their genetic information is stored and accessed. By implementing blockchain technology, it can allow people to earn a share in revenue generated from their data, rather than having a company control it exclusively.
“Once you can abstract the DeFi layer and how we can implement this technology into other use cases such as sending data sets,” Sei Foundation Head of DeSci Eleanor Davies said in a recent livestream.
She added there are a lot of builders out there looking at decentralized data storage as a solution for enterprises that need to access clinical trial data. A genetic company that holds a lot of data such as 23andMe fits that bill.
The Sei Foundation stated this as a way to “defend the genetic privacy of 15 million Americans,” especially with 23andMe’s bankruptcy raising fears of sensitive data landing in risky hands.
💨 The bigger picture: The timing coincides with increasing global concerns about data privacy. By offering an alternative to traditional models where companies control user data, Sei looks to contribute by evolving standards for data sovereignty.
“We’re serious about pursuing a bid and believe Sei would be a strong and visionary partner for 23andMe,” Barlow said.
In relation to Sei Foundation’s interest in acquiring 23andMe, it aligns with decentralization and user empowerment by enabling individuals to manage their data securely outside traditional centralized systems.
For context, biotech companies that handle genomic data are often criticized about privacy, security and ownership, especially as sensitive information becomes vulnerable during corporate instability like bankruptcy.
In the long term, blockchain technology could open the door to personal data being owned by one’s respective genetic profiles.
Updates on the latest games, validators, builders and more that are helping Sei expand
Learn more about how Sei’s parallelized EVM-compatible blockchain can scale Ethereum to make transactions faster for real-world applications
Jellyverse hit $6.61M in volume on March 27, the second largest recorded day for the yield-driven DEX, DefiLlama data shows
Stargate Finance, a multi-chain liquidity pool protocol, hit a new high of $40M in TVL on the Sei Network, DefiLlama data shows
Takara Land hit an all-time high in TVL and borrowed amount on its money market protocol (shown below)
Source: DefiLlama
Highlighting the builders, users and ecosystem players within the Sei blockchain.
Sei Labs Research Initiative published an article about the concept of proof-of-humanity and it can apply to a growing AI world
FUSYFOX hosted episode 5 of its gaming-focused X space, featuring Astro Karts, Majyo Treasure and Bored Topia
FishWar dApp metrics for its egg hunting and battle game are up MoM:
Unique active wallets: 83.79K (+149.38%)
Transactions: 1.14M (+97.98%)
Incoming volume: $89.52K (+24%)
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This information is for entertainment purposes only. It should not be considered financial advice, nor should it be used to make investment decisions. Cryptocurrencies are high risk and you