### What happened?
The Sei Foundation is exploring the acquisition of the bankrupt genomics firm 23andMe to protect the genetic privacy of 15 million Americans by securing their data on the blockchain. This move is part of their broader initiative into decentralized science (DeSci), which aims to enhance transparency and user control over scientific data. Sei Foundation has also set aside a $65 million fund for DeSci startups, marking its commitment to this new frontier.
### Who does this affect?
This acquisition primarily affects the 15 million users of 23andMe who have provided their genetic data to the company. It also impacts the broader scientific and tech communities interested in data privacy, as it showcases a new approach to managing sensitive information. Additionally, stakeholders in the blockchain and decentralized science sectors will be closely watching how this unfolds for potential new opportunities.
### Why does this matter?
This initiative could significantly impact the market by setting a precedent for how sensitive data is handled and monetized using blockchain technology. It highlights the potential for combining blockchain’s security features with genomic data, possibly transforming how companies monetize personal data. This shift could lead to increased consumer control and ownership over personal health data, challenging current data management practices and affecting the strategies of businesses in this space.