PANews reported on March 28 that according to CoinDesk, the Sei Foundation behind the Layer 1 blockchain Sei (SEI) is considering acquiring the bankrupt genomics company 23andMe and plans to put the genetic data of 15 million users on the chain. The foundation said that genetic data security is a national security issue, especially in the context of 23andMe facing financial difficulties and filing for Chapter 11 bankruptcy protection this week.
If the acquisition is successful, the Sei Foundation will integrate 23andMe's data into its blockchain and protect privacy through encryption technology, giving users control over their genetic data and allowing them to decide how to commercialize their data. The foundation said this move is the boldest attempt in its "decentralized science (DeSci)" strategy. Influenced by this news, the SEI token rose 3% at one point, and then gave up some of the gains.
