The Sei Foundation, the non-profit organization involved in the development of Sei, announced the launch of the Sei Creators Fund in partnership with Gitcoin (GTC).
The fund, which aims to support the expansion of existing NFT (Non-Fungible Tokens) and Social projects in the Sei ecosystem, as well as the launch of new projects, will amount to $10 million.
The application process for grants to be distributed within the scope of the Fund begins today with Phase 1, which includes direct application to the Foundation. Following this, Phase 2, a completely community-driven funding process, will begin. According to the official blog post, this phase will be carried out in partnership with Gitcoin, a platform for collaborative development in open source software.
Both altcoins are listed on Binance, and both recorded sudden price increases on their charts on Binance following the development.
*This is not investment advice.