Sei Foundation Introduces $50M Japan Ecosystem Fund for Gaming and Entertainment

The
Sei
Foundation
has
announced
the
launch
of
a
$50
million
Japan
Ecosystem
Fund
aimed
at
accelerating
the
growth
of
crypto
startups
in
Japan.
This
initiative,
unveiled
during
the
inaugural
“Sei
Web3
Day
for
Japan”
event
in
Tokyo,
is
designed
to
provide
substantial
support
for
early-stage
startups
as
well
as
established
teams
looking
to
scale
their
operations
on
the
Sei
Network.

Promoting
Ecosystem
Development
and
Social
Impact

The
fund’s
initial
focus
will
be
on
Web3
gaming,
social,
and
entertainment
use
cases.
Sei
V2,
touted
as
the
EVM’s
most
performant
blockchain
to
date,
aims
to
unlock
new
design
space
for
consumer-facing
blockchain
applications.
However,
the
fund
remains
open
to
investing
in
projects
of
outstanding
utility
outside
these
domains
if
new
use
cases
emerge
in
Japan.

The
Sei
Foundation
officially
introduced
the
fund
at
the
“Sei
Web3
Day
for
Japan”
event,
co-hosted
by
Kudasai,
New
Economy,
and
CryptoBase.
The
event
featured
over
20
Japanese
enterprises
as
speakers
and
served
as
a
platform
for
deepening
relationships
within
the
local
industry.
This
initiative
underscores
Sei’s
commitment
to
nurturing
the
thriving
Japanese
Web3
market.

Focus
on
Promising
Investment
Sectors

The
Ecosystem
Fund
aims
to
attract
local
talent
and
identify
promising
Japanese
startups,
aligning
with
the
Sei
Foundation’s
objective
to
scale
the
Sei
ecosystem.
Justin
Barlow,
Head
of
BD
and
Investments
at
the
Sei
Foundation,
emphasized
the
growth
potential
within
the
Japanese
market,
particularly
in
the
gaming,
social,
and
entertainment
industries.
“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,”
Barlow
stated.

How
to
Apply?

Startup
teams
and
individuals
involved
in
gaming,
social,
or
entertainment
use
cases
in
the
Japanese
market
are
encouraged
to
apply
for
funding.
Applications
can
be
submitted

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.
The
Foundation
will
take
a
thoughtful
and
deliberate
approach
and
will
only
invest
in
companies
that
align
with
its
values.
All
investment
returns
will
be
cycled
back
into
the
grants
program
to
sustainably
support
future
builders.

Stay
connected
with
Sei
through
their

Website,

Twitter,

Discord,
and

Blog.

Image
source:
Shutterstock