Sei Foundation Considers Acquisition of 23andMe for Blockchain Integration
The Sei Foundation is considering acquiring bankrupt genomics company 23andMe to integrate the genetic data of 15 million users onto its blockchain. The initiative, announced via X, is aimed at enhancing genomic data security, which the foundation views as a national security issue.
Key points include:
- 23andMe filed for Chapter 11 bankruptcy protection earlier this week.
- If acquired, user ownership and control over genetic data will be emphasized through encrypted transfers on the blockchain.
- State attorneys have recently advised customers to delete their data from 23andMe's platform due to security concerns.
- SEI, the blockchain's native token, rose by 3% following the announcement before losing some gains.