{"id":50526,"date":"2023-05-24T09:51:33","date_gmt":"2023-05-24T13:51:33","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=50526"},"modified":"2023-05-26T05:07:36","modified_gmt":"2023-05-26T09:07:36","slug":"foresight-vc-firm-donates-10m-for-web3-accelerator-program","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/foresight-vc-firm-donates-10m-for-web3-accelerator-program\/","title":{"rendered":"Foresight VC Firm Donates $10M for Web3 Accelerator Program"},"content":{"rendered":"\n

Foresight Ventures, a Singaporean venture capital<\/a> (VC) firm, announced it would contribute an additional $10 million to its Foresight X Accelerator program, increasing its total commitment to $20 million. <\/p>\n\n\n\n

\"Foresight
Foresight VC Firm Donates $10M for Web3 Accelerator Program<\/figcaption><\/figure>\n\n\n\n

The move coincides with the opening of the second phase of accelerator applications, focusing on Web3 projects utilizing artificial intelligence (AI), zero-knowledge (ZK), machine learning, Bitcoin, liquid staking derivatives, and nonfungible token ecosystems.<\/p>\n\n\n\n

Before the commencement of its accelerator program<\/a> in November 2022, Foresight allocated $10 million. In its initial iteration, Foresight focused on thirty companies from its Web3 project pool and provided between $50,000 and $200,000 in funding. <\/p>\n\n\n\n

As the accelerator enters its second phase, Foresight will allocate $200,000 to each selected project.<\/p>\n\n\n\n

It will designate up to three mentors and one fund partner from the venture capital firm to offer practical guidance. In addition, a Demo Day will be conducted after the program.<\/p>\n\n\n\n

\n

We are all in #ZKML\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> and we think there is more than just algorithms or data in web 3.

We can help connect human, and create emotional value using AI in Web3 https:\/\/t.co\/sM4dtlbWiR<\/use><\/svg><\/span><\/a><\/p>— Foresight Ventures \u200b (@ForesightVen) May 16, 2023<\/use><\/svg><\/span><\/a><\/blockquote>

Foresight was founded in 2020, and its VC portfolio has assets under management (AUM) of over $400 million. <\/p>\n\n\n\n

After acquiring the Singaporean cryptocurrency exchange Bitget and forming a limited partnership with the multichain wallet provider BitKeep, its AUM increased substantially from $80 million in 2021.<\/p>\n\n\n\n

The company established a $200 million capital pool in June 2022 to invest in the private rounds of crypto projects seeking liquidity during volatile market conditions. <\/p>\n\n\n\n

Last month, the firm partnered with cryptocurrency exchange Bitget<\/use><\/svg><\/span><\/a> to establish a $100 million Web3 fund dedicated to blockchain projects worldwide.<\/p>\n","protected":false},"excerpt":{"rendered":"

Foresight Ventures, a Singaporean venture capital (VC) firm, announced it would contribute an additional $10 million to its Foresight X Accelerator program, increasing its total commitment to $20 million. The move coincides with the opening of the second phase of accelerator applications, focusing on Web3 projects utilizing artificial intelligence (AI), zero-knowledge (ZK), machine learning, Bitcoin, […]<\/p>\n","protected":false},"author":12,"featured_media":50570,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[14578,1659,14580,14579],"class_list":["post-50526","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-foresight-ventures","tag-funding","tag-vc-fims","tag-web3-accelerator-program"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/05\/image-64.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/50526","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=50526"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/50526\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/50570"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=50526"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=50526"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=50526"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}