The Sei Foundation, the nonprofit development organization behind the layer-1 blockchain Sei (SEI), is exploring the acquisition of bankrupt personal genomics company 23andMe and putting the genetic data of 15 million users on blockchain rails.
The foundation announced the initiative in an X post on Thursday, calling the plan its „boldest DeSci bet yet” — referring to the decentralized science movement. Earlier this year, it also launched a $65 million venture capital fund dedicated to DeSci startups building on the Sei network.
The foundation said that genomic data security is a national security matter, particularly as 23andMe grapples with financial difficulties. The company, known for its direct-to-consumer DNA testing services, filed for Chapter 11 bankruptcy protection earlier this week.
If the acquisition proceeds, the Sei Fundation plans to integrate 23andMe’s data onto its blockchain and give users ownership of their genetic data, ensuring privacy through encrypted transfer
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