What is SEDA? Bringing Internet Onchain

What is SEDA? It’s a layer one programmable oracle infrastructure bringing the internet onchain through open data standards and blockchain connectivity. Learn about it in this article!

SEDA comes with a bold vision, to bring the internet onchain. By building a programmable oracle infrastructure, SEDA aims to connect real-world data directly to blockchain networks in a permissionless and verifiable way. 

This breakthrough can redefine how developers access information across finance, commodities, and digital assets without relying on centralized intermediaries.

What is SEDA?

SEDA is a layer one network designed for programmable oracle infrastructure. It allows developers to access custom oracle feeds covering more than 11 million symbols across various sectors. 

It includes U.S. equities, ETFs, commodities, crypto, private equity, real estate, prediction markets, options, forex, and U.S. Treasury rates.

At its core, SEDA provides an open environment for developers to build, deploy, and manage oracles efficiently. The project operates under two main products, SEDA Core and SEDA Fast.

• SEDA Core offers a fully permissionless network that enables developers to access data from any EVM-compatible network in a trustless way.

• SEDA Fast provides a low-latency endpoint that can deliver oracle data within sub-100 milliseconds, ensuring rapid and reliable access to information across multiple blockchains.

This design ensures that internet data can seamlessly flow onchain, bridging traditional information systems with the decentralized economy.

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About SEDA Token

The SEDA Token is the native utility token powering the SEDA ecosystem. It plays a central role in securing the network, rewarding contributors, and facilitating governance. Token holders can participate in staking, voting, and network operations that maintain the oracle infrastructure. 

The token also supports transaction payments within the ecosystem, allowing smooth interaction between data providers and blockchain applications.

SEDA Tokenomics and Distribution

At its genesis, the total supply of SEDA tokens was 1 billion (1,000,000,000 SEDA). The project has a transparent distribution model aimed at long-term growth and community involvement.

Here’s a breakdown of the allocation:

• SEDA Treasury: 43.5%
   

• Circulating Supply: 25.8%
   

• Contributors One, Advisors, and Early Backers: 13.9%
   

• Contributors Two: 4.2%
   

• Team: 12.6%

The vesting schedules vary, with early contributors and team members typically facing lock-up periods between 6 to 14 months and vesting timelines extending from 30 to 60 months. 

SEDA has already raised $22 million in total funding from major backers including Coinbase Ventures, Reciprocal Ventures, Distributed Global, Hack VC, Uncorrelated, and Coinfund. 

This strong investor lineup reflects the growing trust in SEDA’s infrastructure and its mission to bring the internet onchain.

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Team Behind SEDA

SEDA is led by a team of experienced engineers, economists, and blockchain specialists committed to building an open data network.

• Peter Mitchell (CEO & Co-Founder) brings leadership and strategic vision to the project.
   

• Jasper De Gooijer (CTO & Co-Founder) oversees the technical development and blockchain architecture.
   

• Édouard de Weck (CFO) manages financial operations, while Mario Cao (Head of Engineering) and Franklin Waller (Principal Engineer) lead the technical execution.
   

• Other key team members include Stefan Rottler (Head of Business Development), Megan Wilson (Chief of Staff), and Matt Peters (Head of Marketing).
   

Together, this team ensures that SEDA continues to innovate while maintaining transparency, security, and accessibility for developers worldwide.

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How to Install SEDA: Tutorial and Requirements

Setting up a SEDA node allows developers and validators to participate directly in the network. The protocol is open source and built using Cosmos SDK and CosmWasm, ensuring flexibility and scalability.

System Requirements:

To run SEDA smoothly, you’ll need:

• Quad-core AMD or Intel (amd64) CPU
   

• 32 GB RAM
   

• 1 TB SSD storage
   

• 100 Mbps internet connection

Installation Steps:

1. Download the Binary: Visit SEDA’s GitHub releases page and download the latest version of the binary.

2. Rename and Enable Execution:

 mv sedad-amd64 sedad

chmod +x sedad

3. Initialize the Node:

 sedad join <moniker> --network mainnet

4. Start Your Node:

 sedad start

For users who prefer a more automated process, SEDA supports Cosmovisor, a tool that simplifies node upgrades. Docker installation is also available for advanced users familiar with containerized environments.

External Node Option:

Instead of running your own node, you can connect directly to an external RPC endpoint provided by SEDA:

• Mainnet RPC: https://rpc.mainnet.seda.xyz
   

• Testnet RPC: https://rpc.testnet.seda.xyz

This setup allows developers to interact with the network quickly without hosting full hardware infrastructure.

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Conclusion

SEDA is reshaping blockchain infrastructure by creating a bridge between traditional internet data and decentralized ecosystems. By offering a programmable oracle framework, it enables developers to access real-world data onchain securely and efficiently. 

With strong financial backing, a clear mission, and a capable team, SEDA stands as one of the most promising projects leading the internet onchain revolution.

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FAQ

What is SEDA?

SEDA is a layer one programmable oracle infrastructure designed to bring real-world internet data onchain for blockchain applications.

What is the SEDA token used for?

The SEDA token powers the network, supports governance, and rewards contributors who help maintain data accuracy and reliability.

How much funding has SEDA raised?

SEDA has raised approximately $22 million from global investors including Coinbase Ventures and Distributed Global.

How can developers use SEDA?

Developers can use SEDA Core and SEDA Fast to build oracles that connect real-world data to blockchain-based applications.

What are the system requirements to install SEDA?

You need a 64-bit CPU, 32 GB of RAM, 1 TB of SSD storage, and a stable 100 Mbps connection to run a node effectively.