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Sei reached strategic cooperation with Tokyo Web3 Summer Hackathon Sei Eco Prize will be established

Sei Foundation recently announced that it has officially reached a strategic cooperation with Cryptogram Venture (CGV), the organizer of the second Tokyo Web3 Summer Hackathon (TWSH), and set up the Sei Eco Prize, providing support for global developers to bring the next wave of high-impact projects into the Sei ecosystem.

The second Tokyo Web3 Summer Hackathon was initiated by CGV, supported and co-sponsored by experts from MetaFocus, TEAMZ, CoinW Labs and other institutions. It was officially launched at the end of April 2023, and the event will last for six months. Participants will focus on Web3 technology and combine the latest developments in DeFi, NFT, Metaverse and other fields to provide innovative solutions to practical problems.

In addition to Sei’s sponsorship and participation in Tokyo Web3 Summer Hackathon, Sei Labs has recently announced its commitment to growing its presence in the Asian region. The company is actively recruiting top talent in the region and constantly looking to support and empower teams looking to leverage its optimized infrastructure for trading.

The Co-founder Jeff of Sei Labs said: “We are very pleased to cooperate with the Tokyo Web3 Summer Hackathon to jointly promote the development and application of blockchain technology on a global scale. As of May 4, 2023, there are more than 150 teams deploying projects on the Se, which has accumulated more than 5.5 million independent wallet addresses. This cooperation will drive more developers to join the Sei ecosystem and help improve the technical level and application value of the entire Sei system.”

It is reported that the Sei Eco Prize will be awarded to Web3 projects deployed on the Sei with development potential. Additionally, Sei Foundation will provide incubation, investment, and promotion support for outstanding award-winning projects to help them grow quickly.

In the future, Sei Foundation will continue to deepen its cooperation with the Tokyo Web3 hackathon, exploring other cooperation opportunities, such as jointly holding online and offline technical seminars, exchange activities, and industry summits, to provide more services and support for the development and application of blockchain technology in Tokyo and globally.

Tokyo Web3 Summer Hackathon official website:

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About Sei Labs:

Sei Labs is a contributor to the open-source Sei blockchain, the fastest Layer 1 for trading. Sei’s unique chain-level optimizations enable decentralized exchanges and trading apps to offer the best user experience with modern performance and scalability. The Sei Labs team is composed of industry veterans from Goldman Sachs, Databricks, Robinhood, Google, and Nvidia.

About Tokyo Web3 Summer Hackathon (TWSH):

This event is initiated by Cryptogram Venture (CGV) and is a collaboration with authoritative institutions from Japan’s industry, government, and academia, along with top global VC institutions. With Web3 as the central theme, it aims to discover, support, and assist excellent talent and teams in the Web3 field globally, exploring the potential applications in various Web3 hot tracks like blockchain infrastructure, DeFi, metaverse, NFT, SocialFi, Crypto Games, etc., and helping teams and projects kickstart and achieve sustainable growth and development. Participants in the event will have an opportunity to win a million-dollar reward and investment incubation fund. The first hackathon competition took place from July to October 2022, and the second event officially opened in late April 2023. The Demo Day event will be held in Tokyo on May 17th.

About Cryptogram Venture (CGV):

Cryptogram Venture (CGV) is a compliant crypto industry research and investment institution headquartered in Japan. With “research-driven investment” as its business orientation, it has participated in early investments in projects such as FTX, Republic, CasperLabs, AlchemyPay, The Graph, Bitkeep, Pocket, Powerpool, and JPYW, a yen stablecoin regulated by the Japanese government. At the same time, CGV FoF is an LP of funds such as Huobi Venture, Rocktree Capital, and Kirin Fund. Currently, CGV has branch offices in Hong Kong, Singapore, Canada, and other regions.


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