The Sei Foundation established a non-profit organization in the United States to promote the adoption of protocols and encryption innovations.

PANews April 2 news, according to The Block, the Sei Foundation announced the establishment of a U.S. nonprofit organization called the “Sei Development Foundation,” headquartered in Manhattan, New York, aimed at promoting the development of the Sei protocol in the U.S. and supporting encryption entrepreneurs. The organization will leverage the increasingly improving regulatory environment to promote technological innovation and talent aggregation. Sei is a Layer 1 chain that combines Ethereum standards with Solana performance, and since its Mainnet launch in 2023, it has processed billions of transactions.