Seilors will be able to unbox their Sunken Treasure NFTs and determine rarity starting at 9:00 p.m. (UTC) on April 5.

From March 15, #SeiNetwork claims to have produced more than 600,000 #Sei Sunken Treasure NFTs.

A Sei Labs-produced event is Sei Sunken Treasure NFT. Participants must complete 25 transactions on the Sei Atlantic 2 Testnet before they can distribute #NFT to other users.

Phase 1 (Gifting) and Phase 2 of this event are distinct parts (Unboxing). The goal of this initiative is to encourage community engagement and cohesion among Sei community members. Donating NFT demonstrates your love for your seilors.

With the aim of building the best infrastructure for decentralized finance (DeFi), Sei Network is the first Layer 1 #blockchain in the world dedicated to orderbook development.

Sei uses the Limit Order Book and is built on the Cosmos SDK (CLOB). Sei Network functions as a decentralized financial infrastructure within the Cosmos ecosystem. Any Cosmos-based dapps may use Sei Network's inter-blockchain (IBC) communication features because Sei Network supports IBC.

The project has confirmed that for people that take part in the Incentivized Testnet program and get a chance to test the network, it would donate 1% of the total supply as an airdrop. This is one way to draw new participants to the project.

Towards the end of August of the previous year, Sei Network successfully raised $5 million from significant investment funds in the current market, including Multicoin Capital, Coinbase Ventures, Delphi Digital, and others. Sei Network also introduced a $50 million fund in October to support #DeFi businesses growing within the Sei ecosystem.

This news is republished from https://coinaquarium.io/