Sei Proposes Deprecation of Cosmos, Shifting to EVM Model by November 2023

The Sei blockchain community is currently evaluating a proposal to phase out native Cosmos accounts and CosmWasm smart contracts in favor of an entirely Ethereum Virtual Machine (EVM) model. This shift is slated for implementation by November 2023, with the aim of streamlining operations and bolstering Ethereum compatibility. The proposed transition could significantly impact SEI token dynamics and wider ecosystem adoption.