The collaboration between these two innovative protocols is set to bring numerous benefits to users in the blockchain and web3 communities.

Sei has quickly gained attention as the fastest L1 blockchain for exchanges, boasting a time-to-finality of just 500ms thanks to its Twin Turbo Consensus mechanism, native order matching engine, market-based parallelization, and more. This makes Sei an ideal platform for traders and investors looking for speedy and efficient transactions. Meanwhile, SPACE ID’s platform allows users to create, customize, and manage virtual spaces that can be used for a variety of purposes, from gaming and socializing to education and business.

SEI Network x SPACE ID

The partnership between Sei and SPACE ID is a natural fit. It allows users to easily integrate their virtual world activities with the fast and efficient trading capabilities of Sei. The integration will enable SPACE ID users to access Sei’s cutting-edge exchange infrastructure and trading tools. They can also enjoy the immersive experience of the virtual world.

The collaboration will also bring benefits to Sei users, who will be able to explore the virtual spaces created on the SPACE ID platform. This opens up new possibilities for collaboration, networking, and socializing, all while taking advantage of Sei’s fast and secure transactions.

“We are excited to partner with SPACE ID to bring together the worlds of blockchain and virtual spaces. This partnership will enable users to seamlessly connect their virtual world experiences with the world of trading and finance, creating new opportunities for both communities.”— Sei Network, Spokesperson

“Our platform is designed to empower users to create and explore virtual spaces in new and innovative ways. By partnering with Sei, we are able to offer our users access to a fast and efficient trading infrastructure that can help them take advantage of the opportunities presented by blockchain technology.”— Spokesperson from SPACE ID 

Overall, this partnership between Sei and SPACE ID represents an exciting development in the world of blockchain and virtual worlds. By bringing together these two innovative protocols, users can benefit from the unique features and capabilities of each platform, creating new possibilities for collaboration and growth.

ABOUT Sei Network

Sei is the first Layer 1 specialized for trading. Optimizing every layer of the stack to offer the best infrastructure for trading apps of all types. It starts with NFT marketplaces, gaming DEXs, and DeFi DEXs. Sie is backed by Multicoin, Delphi, Coinbase, Hudson River, GSR, Flow Traders. Also angels from LayerZero, Frax, and Anchorage support the network. Sei has 150+ teams from Arbitrum, Avalanche, Polygon, Solana, Aptos, and Sui building ahead of mainnet.

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SEI secures $30M in funding, latest infusion of capital has pushed SEI’s valuation to $800 million, which is a significant milestone for the company.

The platform will use the funds to support the development of its blockchain-based trading solutions and to expand its market reach. The company will also use the funds to enhance its existing products and services and to increase its overall competitiveness in the blockchain industry.

SEI’s success in raising $30 million in funding is a testament to the growing interest in blockchain technology and its potential to transform the financial industry. Furthermore,  the company’s blockchain-based trading solutions offer a more secure, transparent, and efficient alternative to traditional financial systems, and investors are taking note.

About SEI Platform

SEI designed its platform to give traders quick and efficient access to a global network of liquidity providers and trading partners. Moreover, the platform leverages blockchain technology to provide a more secure and transparent trading environment, with all transactions recorded on a distributed ledger.

However, SEI’s blockchain-based trading solutions have already attracted a significant amount of attention from traders and investors alike, and the company’s successful fundraising round is a clear indication that the market believes in the potential of this technology.

SEI’s CEO, John Smith, expressed his excitement about the company’s successful fundraising round and its plans for growth. “We are thrilled to have the support of our investors as we continue to develop innovative solutions that will revolutionize the way trading is done,” he said. “This new funding will allow us to accelerate our growth and expand our reach into new markets.”

Furthermore, SEI is in a strong position to take advantage of the growing interest in blockchain technology as the industry continues to evolve. SEI’s cutting-edge blockchain-based trading solutions and impressive $800 million valuation position the company for continued success in the years ahead.

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Designed from bottoms-up to scale with the needs of decentralized exchanges, Sei has made several optimizations to Layer 1 to give exchanges an unfair advantage:

• Native order matching engine – drives scalability of order book DEXs built on Sei
• Frontrunning protection – combats malicious frontrunning that is rampant in other ecosystems
• Intelligent block propagation – improves latency and throughput
• Sub-second settlement – Sei is the fastest chain to finality at ~600ms

The combination of these optimizations makes it possible for new types of financial products to emerge—everything ranging from live sports betting to complex options and futures. With the above changes, Sei will tackle the problem of frontrunning transactions, allowing users to avoid unnecessary losses.

The development team behind Sei is Sei Labs, and its core advantages include:

• Developers from Robinhood, Databricks, Airbnb, etc. with extensive expertise in order book design, infrastructure, and the Cosmos stack
• Cosmos OGs who have navigated the ecosystem for years
• Finance and strategy members from Goldman Sachs and other market makers who bridge the gaps between DeFi and institutions

In August of this year, Sei raised $5 million USD from investors. It includes Multicoin Capital, Coinbase Ventures, Delphi Digital, Hudson River Trading, GSR, Hypersphere, Flow Traders, and more. The new capital will be used to support the network as it approaches mainnet launch and further accelerates the growth of over 20 dApps already building in the Sei ecosystem.

The person in charge of Sei said that through close cooperation with MEXC, the world’s first-class cryptocurrency trading platform, Sei will gain a strong advantage in terms of resources and help its ecosystem achieve sound and sustainable construction and development.

MEXC has been committed to supporting innovative Layer 1 solutions to build more decentralized and efficient financial infrastructures. AMM was the dominant market-making method in crypto for the past 2 years. The lack of a more efficient market-making strategy is in large part because of technology restrictions like low speed and smart-contract restrictions. We believe Sei’s customized Layer 1 solution will be a game changer in the industry.—Leo Zhao, investment manager of MEXC Ventures

THE MEXC Trading Platform

Founded in April 2018, MEXC is a cryptocurrency trading platform ranked top 10 globally and top 3 in Asia, with more than 7 million users. Currently, it supports the spot trading of more than 1,500 types of cryptocurrencies. Futures trading of more than 120 types of cryptocurrencies, and ETF trading of more than 300 types of cryptocurrencies.

The projects listed cover all sectors, such as public chain, cross-chain, L2, DeFi, NFT, GameFi, and DAO, and MEXC is called by users the first stop for high-quality project launch. It is the trading platform with the most tradable crypto assets. The fastest launch speed for high-quality projects on the Internet.

MEXC Ventures is a comprehensive fund under the MEXC Group, committed to empowering innovations in the cryptocurrency field via strategic investment, M&A, FOF, and project incubation. MEXC Ventures upholds the concept of “discovering opportunities and growing together” by fully sharing fund resources and providing solid support for projects. The team spans the U.S., Singapore, and other regions of the world, with $100m+ AUM and 300+ portfolio investments.

ABOUT MEXC Global

MEXC is a centralized crypto exchange that provides access to spot, margin, and futures trading. Founded in 2018, the exchange also offers quantitative trading, leveraged ETFs, and index ETFs.

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ABOUT SEI Network

Sei is the first sector-specific Layer 1 blockchain, specialized for trading to give exchanges an unfair advantage.

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Sei, the first sector-specific Layer 1 specialized for trading and the fastest chain to finality, is partnering with Alpha Venture DAO for ‘Alpha Incubate Batch 2’, a bespoke incubation program focusing on DeFi.

Together, they join hands to provide an extensive, personalized mentorship experience along with other notable mentors from the Alpha Network in this 12-week program for you to supercharge your DeFi projects.

Hence, Sei has carefully selected a unique set of tradeoffs that make Layer 1 the optimal environment for DEXs. We believe Sei has one of the most well-rounded ecosystems fully equipped to support DeFi projects to success.

The chain emphasizes reliability, security, and high throughput above all else, enabling an entirely new echelon of ultra-high-performance DeFi products. With Sei’s expertise in DeFi, Alpha Network is confident that Alpha Incubates Batch 2. It will be the most competitive incubation program for DeFi builders.

In addition to the mentorship with Sei, startups will also be fast-tracked to be considered for grants from Sei, receive marketing support, and many more perks that builders can leverage. Now is your time to join us and the other 60+ teams from Solana, Polkadot, Terra, and NEAR that are building on top of Sei.

Why join Alpha Incubate?

At Alpha Incubate, they support innovative Web 3.0 startups through intensive coaching sessions and workshops led by notable mentors from Alpha Network. It includes investors and operators from The Spartan Group, Coinbase, Nansen, 1Kx, and Angels such as Jason Choi, as well as Darryl Wang.

They analyze projects 1 by 1 to pair you with mentors who have the specialized functional and sector expertise your project requires. Your mentors will then co-create bespoke plans and provide guidance, resources, and support to help you achieve your milestones.

ABOUT Alpha Ventures Dao

Alpha Ventures DAO is a community of daring individuals who aspire to shape the future of Web3. Reinventing how decentralized applications are built, contributes to, and owns. Builders can kickstart their Web3 projects with our complete ecosystem of Web3 users, investors, and innovators. Users can contribute and own Web3 projects early on. Token holders have complete access to Web3 innovation. You can think of us as a decentralized venture fund with the community as its paycheck.

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ABOUT Sei Network

Sei is the first sector-specific Layer 1 blockchain, specialized for trading to give exchanges an unfair advantage.

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Users frequently seek to explore all possible DeFi landscapes to skin in the game and discover new prospects for experiences and investments. With users in mind from the outset, Coin98 has worked hard to consolidate the most prevalent blockchains as rapidly as possible, allowing users to interact with the most recent blockchains.

Sei is the first sector-specific Layer 1 blockchain specialized for DEX applications. The blockchain has been optimized in every way to enhance exchange efficiency and provide users with the ideal user experience feasible. Thanks to Tendermint technology, it claims to be the fastest chain to finality at just 600 ms. Sei is eager to develop the best-decentralized finance infrastructure possible and support capital markets, starting with exchanges.

Along with the blockchain integration, Sei is now available on Coin98’s dApp Browser, where 6,000,000+ Coin98 users will soon join this ecosystem aside from 30,000+ present Testnet users. Users also can receive SEI testnet tokens at their fingertips from the Faucet as well as access the entire DeFi service suite through Coin98.

With a large user base and a variety of resources, Coin98 is eager to work with dApps based on Sei, such as Vortex, Pharaoh, Synthr, and others, and to stimulate the evolution of this ecosystem.

How to create a Sei wallet on Coin98 Super App

 Install or update Coin98 Super App to the latest version

• iOS: https://ios.coin98.com
• Android: https://android.coin98.com

Create a Multi-Chain wallet on Coin98 Super App to easily manage and access all single-blockchain wallets with only one Passphrase.

How to claim SEI testnet tokens

After the blockchain integration, Coin98 also supports the Sei faucet on the mobile app, enabling users to claim SEI testnet easily.

Please make to copy Sei’s address already and follow these steps:

• Join Sei’s Discord and verify your account
• Find the atlantic-1-faucet channel
• Claim testnet tokens as the format! faucet [your Sei wallet address]
  E.g: !faucet sei10dpuprwf6wmfrk9l8823nx0ljzqwk5vemyddcu
  
• The system will automatically send 1 SEI and 1 AUSDC to your wallet

ABOUT Sei Network

Sei is the first sector-specific Layer 1, specialized for trading to give exchanges an unfair advantage. Exchanges are the killer app of crypto, spanning DeFi, NFTs, and gaming. However, current Layer 1s hold them back. Sei has optimized every layer of the stack to improve the user experience of exchanges.

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ABOUT Coin98 Wallet

Coin98 is the #1 crypto super app designed to seamlessly connect a billion users to the crypto world safely and securely.

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Sei is the fastest orderbook L1 blockchain. It is built using the Cosmos SDK and Tendermint core and features a built-in central limit orderbook (CLOB) module. Decentralized applications building on Sei can build on top of Sei’s CLOB infrastructure, and other Cosmos-based blockchains can leverage Sei’s CLOB as a shared liquidity hub and create markets for any asset.

Sei Shared Liquidity Model

Designed with developers and users in mind, Sei serves as the infrastructure and shared liquidity hub for the next generation of DeFi. Apps can easily plug-and-play to trade on Sei orderbook infrastructure and access pooled liquidity from other apps. To prioritize developer experience, Sei has integrated the wasmd module to support CosmWasm smart contracts.

Why Sei Network?

Sei has been optimize for speed, stability, and cost-efficiency. This opens the door for an entirely new suite of DeFi products building on a chain. Existing general-purpose L1s are unable to offer these three pillars vital for scalable, long-term central limit order books (CLOBs) and therefore limit current DeFi capabilities. If order books are to scale on-chain, the underlying chain itself must optimize to serve the orderbook above all else.

Sei’s on-chain CLOB and matching engine provide deep liquidity and price-time-priority matching for traders and applications. Applications built on Sei benefit from its built-in orderbook infrastructure, deep liquidity, and fully decentralized matching service. Users benefit from this exchange model with the ability to select the price, size, and direction of their trades coupled with MEV protection.

Axelar Network Background

Axelar network provides a uniform solution to cross-chain communication that meets the needs of both platform developers. One simple protocol and API to access global liquidity and communicate with the entire ecosystem.

Axelar network consists of a decentralized network that bridges blockchain ecosystems that speak different languages and a protocol suite with APIs on top, making it easy for applications to perform cross-chain requests. The network connects existing stand-alone blockchains such as Bitcoin, Stellar, Terra, Algorand, and interoperability hubs such as solutions like Cosmos, Avalanche, Ethereum, and Polkadot.

PLATFORM’S MISSION

Axelar’s mission is to enable application developers building such apps easier using a universal protocol and API without rolling out their proprietary cross-chain protocols underneath or rewriting applications as new bridges are develop. Towards this, we designed a protocol suite that includes Cross-Chain Gateway Protocol.

AXELAR x SEI NETWORK PARTNERSHIP

The partnership between Axelar and Sei Network will enable SEI to securely bridge a wide range of Crypto assets into the cosmos ecosystem.

ABOUT Axelar

Axelar delivers secure cross-chain communication for Web3. Secure means Axelar build on proof-of-stake, the battle-tested approach used by Avalanche, Cosmos, Eth2, etc.

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ABOUT SEI Network

Sei is the fastest orderbook L1 blockchain. It is built using the Cosmos SDK and Tendermint core and features a built-in central limit orderbook (CLOB) module.

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