Sei Foundation Plans to Acquire 23andMe

BlockBeats News, March 28th, according to Sei Foundation's official X account, Sei is considering acquiring the bankrupt gene testing company 23andMe, planning to put its over 15 million users' genetic data on the blockchain, and endowing users with ownership and control of their own genetic data. Sei stated that genetic data security has become a national security issue, and 23andMe is currently facing serious financial difficulties, having filed for Chapter 11 bankruptcy protection this week. Several state attorneys general have advised users to consider deleting their personal data on the platform. If this acquisition moves forward, Sei will safeguard privacy through a blockchain encryption mechanism, allowing users to decide autonomously whether and how to authorize the use and commercialization of their data. Sei called this its "most aggressive decentralized science (DeSci) project."

Source

Correction/Report

RelatedRecommended

The Kingdom of Bhutan's Sovereign Wealth Fund DHI will deploy a Sei validation node, with the Sei validator network further expanding

Explain in detail the first order book-based DeFi underlying protocol Sei Network

Sei plans to become the infrastructure and liquidity center for the next generation of DeFi products in the Cosmos ecosystem, and will become the underlying infrastructure for DeFi transactions connecting the entire ecosystem in the future.

Sei to Integrate Native USDC with CCTP V2, Building High-Performance Channel for Global Assets

This integration will position Sei as the preferred network for enterprises and developers seeking a reliable, transparent digital dollar solution with seamless cross-chain capabilities.

MetaMask Strategic Integration with Sei Network to Enhance Cross-Chain Web3 Experience

SEI Ecosystem Hits Milestone as First SEI ETF Filed in the U.S.

On-Chain Activity