Foresight Ventures pledges additional $10M for Web3 accelerator

The venture capital firm will allocate up to $200,000 to blockchain projects that it deems promising.

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On May 24, Singaporean venture capital (VC) firm Foresight Ventures announced it would pledge an additional $10 million to its Foresight X Accelerator, bringing its total to $20 million. The move comes as the firm opens the second phase of accelerator applications, which will focus on Web3 projects building in the artificial intelligence (AI), zero-knowledge (ZK), machine learning, Bitcoin (BTC), liquid staking derivatives and nonfungible token ecosystems.

Previously, Foresight earmarked $10 million for its accelerator, which launched in November 2022. In its first phase, Foresight focused on 30 companies from its Web3 project pool, providing an investment of $50,000 to $200,000. As the

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