What to know:
- In a twist befitting a Russian novel, the Sei Foundation—loyal companion to the layer-1 blockchain Sei (SEI)—is contemplating the acquisition of that once-mighty, now-downcast progenitor of genetic intrigue, 23andMe. They intend to transform the genetic narratives of 15 million users into blockchain symphonies, as proclaimed on social media.
- They say genomic data security is not merely a concern but a matter of national intrigue, especially now that 23andMe is facing its financial reckoning, having gracefully filed for Chapter 11 bankruptcy protection—one does hope the paperwork was fancy.
- Amidst this chaos, SEI’s stock charmed the markets, rising 3% like a well-timed soliloquy, only to shyly retract some of its exuberance.
It appears that the Sei Foundation, a nonprofit orchestra behind the layer-1 blockchain Sei (SEI), is not merely dipping a toe but plunging headlong into the frigid waters of bankruptcy, eyeing the acquisition of personal genomics company 23andMe just as one would a rare bird sighting—exceedingly curious!
In a recent post on X, they crowned this endeavor their “boldest DeSci bet yet,” invoking decentralized science as if it were a noble crusade, perhaps akin to Don Quixote tilting at windmills.
The foundation opines that genomic data security is a matter of national consequence—one can almost hear the stirring music as 23andMe flounders in financial turmoil. Ah, the company that famously offered direct-to-consumer DNA testing is in the throes of its own Chapter 11 saga!
If fate permits this acquisition, Sei plans to entwine 23andMe’s treasured data on its blockchain—a family heirloom, if you will—and bestow upon users the gift of ownership over their very own genetic secrets, all wrapped snugly in encrypted transfers. Imagine, a future where personal data is an intimate affair rather than a common gossip topic!
“This isn’t just about resurrecting a business; it’s about a future where your most personal data remains as unshareable as a rustling love letter,” the foundation muses wistfully.
In the wake of this scandalous play, state attorneys have entered the fray, advising 23andMe customers to expunge their data—like cleaning an attic of dusty memories—amid the company’s financial theatrics.
As for SEI, the illustrious token of this digital tapestry, it responded with the gusto of a hopeful author. Following the news, it climbed a modest 3%, only to succumb to the familiar whims of the market.
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2025-03-27 23:28