Foresight Ventures Accelerator Boosts Web3 Projects: Is It Enough Amidst Funding Slump?

Foresight Ventures has allocated an additional $10 million to its accelerator program, targeting emerging Web3 projects. Offering $200,000 fixed investments, valuable mentorship, and guidance, Foresight Ventures aims to fuel growth in areas such as ZK systems, AI, machine learning, liquid staking derivatives, Bitcoin, and NFTs. However, the sustainability and appeal of such projects remain uncertain amid a decline in VC funding.

Foresight Ventures Pledges $20M to Accelerator: Balancing Web3 Progress and Ethical Challenges

Singaporean VC firm Foresight Ventures pledges an additional $10 million to its Foresight X Accelerator, totaling $20 million, targeting Web3 projects in AI, ZK, machine learning, BTC, liquid staking derivatives, and NFT ecosystems. Despite challenges like energy consumption and ethical standards, Foresight envisions Web3 shaping a future focused on human connection and experience.