Benzinga - Sei Labs announced on Tuesday the launch of its Sei Mainnet beta phase, following a successful Testnet alpha phase that witnessed more than 400 million transactions and the creation of 7.5 million unique testnet wallets.
This Layer 1 platform is optimized for trading digital assets, aiming to facilitate the mass adoption of such assets across various platforms, including gaming economies, NFT marketplaces and decentralized exchanges.
Jay Jog, co-founder of Sei Labs, emphasized that Sei is designed to enhance the trading experience across all Web3 applications.
The platform boasts of industry-leading speed and performance, with features such as the Twin-Turbo consensus and integrated matching engine to ensure optimal user experience.
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Jeff Feng, Sei Labs co-founder, highlighted Sei's capability to address the current scalability issues faced by Web 3 infrastructure.
With the Mainnet's launch, Sei seeks to usher in a new era for digital assets, with more than 30 live applications expected to launch by the second half of 2023.
Today, the blockchain's inherent token, (CRYPTO: SEI), was launched on trading platforms Binance (CRYPTO: BNB), Kraken and Huobi, among others.
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Photo: Sei Labs
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