Key Points:
The Sei Foundation has announced its mandate to support the decentralization of the Sei Blockchain, which includes the Sei Airdrop and Incentivized Testnet Rewards. This major token distribution has been designed to recognize loyalty and bolster the Sei blockchain’s global impact as the optimal destination for Web3 applications to build on.
Sei is the fastest Layer 1 blockchain with unique chain-level optimizations that enable decentralized exchanges and trading apps in NFTs, gaming, social, and DeFi to offer the best user experience. It has attracted over 150 teams deploying on Sei going into mainnet from Ethereum, zkSync, Solana, Avax, Polygon, and Sui.
The team is made up of former Google, Goldman Sachs, Robinhood, Nvidia, and Databricks veterans and has raised over $30M from investors such as Multicoin, Jump, Coinbase Ventures, Flow Traders, Hudson River Trading, and leaders at Anchorage, LayerZero, and StepN.
What Sei offers is impressive. It is the fastest chain to finality with a lower bound of 300ms, has twin-turbo consensus that achieves industry-leading performance, is one of the only chains to conduct market-based parallelization, has a native matching engine that exchange teams can leverage, and offers frontrunning protection that combats malicious frontrunning that is rampant in other ecosystems.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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