Sei Blockchain, the layer-1 chain in a significant bet towards the developing concept of decentralised science, has announced the acquisition of 23andMe after the latter filed for the Chapter-11 Bankruptcy. The California-based genetic testing and biotech company, 23andMe, has been offering DNA testing via saliva samples for millions of Americans since 2007.

TL;DR Sei Foundation is considering acquiring 23andMe after its bankruptcy filing, aiming to protect the genetic data of millions of users using blockchain technology. The proposal empowers individuals by giving them full control over how their genetic information is stored, shared, and monetized.

The Sei Foundation, the nonprofit behind the Sei (SEI) layer-1 blockchain, is considering acquiring bankrupt personal genomics giant 23andMe. The goal? To bring the genetic data of 15 million users onto blockchain rails, ensuring privacy, ownership, and control in what its calling its boldest DeSci bet yet.

The Sei Foundation is exploring the acquisition of 23andMe, a bankrupt genetic testing company, with plans to bring its data infrastructure onto the Sei blockchain. In a statement released on March 27, the Foundation revealed that the acquisition would mark a significant step toward protecting genetic data through on-chain solutions.

Sei Foundation revealed plans to acquire genetic testing firm 23andMe, which filed for bankruptcy early this week. The potential deal aims to revolutionise genetic data security and privacy using blockchain, guaranteeing user authority over sensitive details. The company said: We believe user data sovereignty is a matter of national security.

After 23andMe declared bankruptcy in the United States on March 23, 2024, the Sei Foundation, linked to the Sei blockchain network, announced its intention to consider acquiring the genetic testing company. The goal would be to protect the privacy of the genetic data of about 15 million users, offering them ownership and direct control of the information through secure and encrypted blockchain tools. The project, announced in a post published on March 27 on the official X account of the Sei network, aims to address an issue of growing importance: the security of bio-genetic data in the digital age, especially in contexts of financial instability like the current one of the American biotech company.

Sei Foundation considers acquiring bankrupt genomics firm 23andMe, saying it wants to protect the genetic privacy of 15m Americans by securing their data on blockchain. The post Sei Foundation Eyes 23andMe Buyout to Secure Genetic Data On Blockchain appeared first on Cryptonews.

The foundation behind the layer-1 blockchain, Sei, announced it was exploring the acquisition of the genetic testing company 23andMe after the firm filed for bankruptcy.In a March 27 X post, the Sei network said its foundation was considering purchasing 23andMe “to defend the genetic privacy of 15 million Americans” by putting the company's data on the blockchain. According to the foundation, if it acquires the biotechnology company, it plans to deploy all the genetic information on the blockchain and “return data ownership to users through encrypted, confidential transfers.

23andMe, the genetic testing company that went public in 2021, announced on March 23 that it was filing for Chapter 11 bankruptcy.

If the acquisition proceeds, the foundation plans to integrate 23andMe's data onto its blockchain and give users ownership of their genetic data.

This unexpected boost has industry watchers speculating about the next potential breakout. Could XYZ be on the brink of a similar rise?

Sei's price has been in a strong downward trend over the past few months, but technical and fundamental indicators suggest that a rebound may be possible. Sei (SEI), a layer-1 token, dropped to a low of $0.

SEI cryptocurrency price jumped 7.3% after Donald Trump's DeFi venture World Liberty Financial purchased 541,242 tokens for $100,000

Donald Trump's DeFi project World Liberty Financial continues fresh crypto, acquiring another 541,242 SEI coins. This news was enough to push the SEI price up by 7.3% while the broader crypto market consolidates.

Sei's Giga upgrade introduces the Autobahn consensus mechanism, promising rapid transaction finality and robust infrastructure for global markets. Explore its potential impact on traditional asset tokenization.

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Following a bearish patch for weeks, SEI is positioning itself as a high potential altcoin to lead the market reversal. With a potential breakout rally ahead, is SEI the best token to buy right now?

Sei (SEI) is recognized as the first sector-specific Layer 1 blockchain, designed specifically to enhance the performance of decentralized exchanges (DEXes) within the blockchain ecosystem. Sei's main focus is optimizing trading processes, offering exchanges a competitive edge by meeting the high demands of DEXes and also supporting asset trading and NFTs.

After Donald Trump's World Liberty Financial took a strategic position in SEI worth $125K, the DeFi token has been on a bounce back. Aiming for the $0.30 resistance, will the SEI price continue to rise towards $0.50?

Story Highlights The SEI live Price is . Sei price could reach a high of $1.12 in 2025. The Sei coin price with a potential surge, could hit $4.17 by 2030. Recognized as the first sector-specific Layer 1 (L1) blockchain, Sei represents a pioneering approach within the blockchain ecosystem.

The cryptocurrency token SEI has actually stood out as a noteworthy example of market endurance, which was further confirmed by this token posting a solid 16% within the previous week. Related Reading: Dogecoin Whales Go On A 110-Million Memecoin Buying Spree—What's Next For DOGE?

Sei (SEI) has garnered attention as the first sector-specific Layer 1 blockchain, designed to optimize decentralized exchanges (DEXes) and provide faster trading experiences. Sei's innovation has positioned it as a prominent player in the blockchain ecosystem, offering better trading processes and increased performance for DEXes.

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Sei Labs achieves a significant milestone with 5 gigagas throughput on a 40-node network, leveraging the Autobahn consensus protocol to enhance blockchain scalability.

United States President Donald Trump's World Liberty Financial announced another round of investments this week to further build its crypto portfolio.

SEI is showing strong bullish momentum, bolstered by institutional support and market activity.

Donald Trump's World Liberty Financial has taken another bullish step in the DeFi sector with the fresh purchase of SEI. With the rising support from WLFI towards DeFi, the crypto whales are lining up to gather WLFI tokens. As the sentiments improve, is this the beginning of the next bullish domino effect?

World Liberty Fi acquired a small position of Ethereum-based SEI. WLFI tokens are still selling to retail, though occasional whales make $10M investments.

World Liberty Financial withdrew $10 million USDC from Coinbase to buy 200 million WLFI tokens and spent another $125,000 USDC to purchase 547,990 SEI at an average price of $0.228. The transaction which took place on Feb.

Sei Network collaborates with Gitcoin to launch a $750K funding round aimed at supporting impactful projects within its ecosystem. The initiative features two tracks to incentivize consumer-facing and infrastructure innovations.

The Sei Creator Fund's fifth round concluded, distributing over 1 million SEI tokens to video content creators, enhancing community engagement and content quality.

The dynamic realm of cryptocurrencies is preparing for yet another alarming event that could bring considerable downside pressure to BERA, SEI, AVAX, APT, SAND, STRK, ATH, and XCN tokens. Notably, recent market data flags that the abovementioned assets are preparing for massive token unlocks totaling a staggering $325 million.

SEI, has experienced considerable growth and significant volatility since its inception. As of February 2025, SEI is trading at approximately $0.2277, with a market cap of $1 billion and a circulating supply of 4.43 billion tokens.

TL;DR Sei Foundation launched Sapien Capital, a $65 million fund to finance decentralized science (DeSci) startups on its blockchain. The investment will focus on advanced wearables, scientific data management, and gamification of drug discovery. The SEI token rose 10.5% in 24 hours, trading at $0.328 with a market capitalization of $1.45 billion.

Sei Foundation has unveiled a $65 million venture fund aimed at investments in the decentralized science ecosystem.

The venture fund will exclusively invest in DeSci startups building natively on the Sei blockchain, Justin Barlow told The Block.

The Sei Foundation introduces a $65 million venture fund dedicated to supporting decentralized science startups, aiming to revolutionize traditional scientific research and healthcare.

Jellyverse (JLY), a decentralized finance (DeFi) platform on the Sei (SEI) blockchain, has announced the launch of jAssets, a synthetic assets protocol that lets users mint synthetic tokens that mirror the value of traditional real-world assets (RWAs), according to the most recent report shared with Finbold on Tuesday, January 21.

Sei Network's $10 million Creator Fund enters its fifth round, offering $250,000 for video content creators to enhance community engagement and ecosystem growth.

Ethereum could handle more transactions and run faster by processing most of them simultaneously, a new study reveals.

Sei (SEI) has recently garnered attention as one of the most promising projects in the cryptocurrency space, especially with its focus on decentralized exchanges (DEXes). As the first sector-specific Layer 1 (L1) blockchain, Sei is tailored to meet the unique demands of DEXes, making it a standout in the ever-evolving blockchain ecosystem.

With a boost in key network standards, the SEI is positioning itself as one of the few rising cryptos in this volatile market. With the potential to start a parabolic rise, will SEI prices surpass $0.50?

Sei (SEI) traders are facing increasing uncertainty as the asset displays conflicting signals that could lead to both bullish and bearish outcomes. While some technical indicators suggest a potential upward trend, liquidity movements within SEI's blockchain and its exchanges imply a possible decline ahead.

SEI traders face uncertainty as the asset shows conflicting signals for bullish and bearish outcomes.

As blockchain technology evolves and acquires new use cases, it becomes imperative to work on developing infrastructures that combine speed, efficiency, and decentralization. This has led to the creation of specialized solutions like Sei Network, a layer 1 blockchain optimized for exchanges.

Discover the ultimate guide on how to use your SEI tokens to buy NFTs, stake for rewards, and explore DeFi opportunities. Learn the best platforms, strategies, and tips to maximize your crypto holdings.

The altcoin industry has signaled a major bull rally in the near term after consolidating in the past eight months.