OKX Ventures, the investment arm of leading crypto exchange and Web3 technology company OKX, today announced a strategic investment in Cosmos-based DeFi Layer 1 blockchain Sei Network.

Sei is the brainchild of ex-Goldman banker Jeff Feng and Jog, a former Robinhood software engineer who has been involved in the cryptocurrency industry since 2017.

Part of the Cosmos ecosystem, Sei Network is one of the largest non-Ethereum-based blockchains that allows developers to build customized chains for specific applications.

“Infrastructure and applications historically come in cycles — Ethereum and the last generation of public blockchains led to a Cambrian explosion of new decentralized apps over the past two years. Among those apps, exchanges and trading have achieved the clearest product-market-fit, but are held back by outdated Layer 1 blockchains. Our mission at Sei is to build the best infrastructure for trading,” said Jayendra Jog, Co-Founder of Sei Labs.

Dora Yue, Founder of OKX Ventures, said: “OKX Ventures has long embraced the future of decentralized development, investing in long-term structural value and innovative layer 1 projects. Our investment in Sei Network is no exception. We will provide comprehensive support in terms of capital, services, and resources, to grow alongside these entrepreneurs. As part of our mission, we also introduce the OKX ecosystem to empower portfolio companies and help them build a more decentralized and efficient financial infrastructure.”