ChainCatcher news, Sei Foundation announced the launch of a $50 million Japanese Ecosystem Fund, which will initially focus on Web3 gaming, social and entertainment use cases.

The Sei Foundation officially announced the fund at the first "Sei Web3 Day for Japan" event held in Tokyo on April 27 this year. The ecosystem fund aims to attract local talent, discover promising Japanese startups, and introduce them to Sei. The Sei Foundation encourages interested parties to apply for funding from the fund immediately.