As crypto trumpets the promise of layer-2 scaling solutions like Arbitrum and Polygon, Sei Labs is bucking the trend by building a new layer-1 blockchain scheduled to launch later this year.
Fresh off a funding round that valued the company at $800 million, Sei has raised an additional $50 million for its ecosystem fund, cofounder Jayendra Jog exclusively told Fortune. The investment comes from Bitget, a Seychelles-based crypto exchange focused on derivatives, and the venture firm Foresight.
