Sei Network developer raising funds at $400 million token valuation: sources
Quick Take
- Sei Labs is raising Series A funding at a $400 million token valuation, three sources told The Block.
- The developer of the Sei Network is expected to launch the mainnet and conduct an airdrop in the coming months, according to co-founder Jayendra Jog.
Sei Labs, a crypto startup building a Layer 1 blockchain network, is raising Series A funding via a token-plus-equity-warrant round.
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