Foresight Ventures Launches $10M Blockchain Accelerator: Focus on Web3 Innovation

Venture capital firm Foresight Ventures is expanding its backing for blockchain and Web3 innovation by initiating its third $10 million accelerator program, as announced on December 19. This upcoming cohort will concentrate on startups specializing in artificial intelligence, Bitcoin Ordinals, and direct-to-consumer protocols. The application window remains open until January 15, 2024, offering qualifying startups initial funding ranging from $200,000 to $500,000.

Accepted companies will not only benefit from financial support but will also gain mentorship, engagement in an offline demo day in 2024, and access to resources from Foresight’s startup portfolio.

While noting an increase in liquidity in the Web3 venture capital ecosystem and a surge in deals and funding for startups, the Singapore-based firm pointed out that average valuations have not experienced significant growth. Surviving startups from the bear market are eager to swiftly secure funding, potentially impacting valuation. Balancing a higher valuation against the need for expeditious fundraising can impact crucial strategies like go-to-market plans, hiring, and operational expansion.

Foresight Ventures’ dedication to the Web3 sphere is evidenced by its recent acquisition, securing an 80% stake in crypto media company The Block for $60 million. This move follows the firm’s prior crypto accelerator initiatives, which included a $10 million accelerator launch in November 2022 and the announcement of a second $10 million accelerator in May 2023.


Disclaimer: Not Investment Advice

it’s crucial to understand that the information provided here is not to be construed as investment advice. The crypto market is dynamic and highly speculative, and decisions should be made based on thorough personal research and consideration of individual risk tolerance. Always consult with financial professionals and conduct your own due diligence before making any investment decisions. The intention of this exploration is to present insights and trends, not to provide specific investment recommendations.

Follow Us

Top Selling Multipurpose WP Theme


Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!


Crypto feed news

Our team of crypto enthusiasts and market mavens is on a mission to deliver the latest, juiciest, and most insightful updates from the ever-evolving world of cryptocurrencies.

@CryptoFeedNews 2023 All Right Reserved. Designed and Developed by TheDevThingz

Skip to content