Trading-focused blockchain Sei raises $30M, bringing valuation up to $800M

Sei, a layer-1 blockchain focused on trading, has raised $30 million at a valuation of $800 million, Jayendra Jog, co-founder of Sei Labs, exclusively told TechCrunch.
While many Layer-1 blockchains provide general-purpose networks that developers can build on top of, Sei focuses on the crypto trading network through its chain. Its team is made up of former employees from Goldman Sachs, Databricks, Robinhood, Google and Nvidia.
“Our mission is to build the best infrastructure for exchanges,” Jog said, adding that the blockchain also has projects building games, NFT marketplaces and rollups. “

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