Foresight Ventures Launches $10M Web3 Startup Fund, in Spite of Market Turmoil

. In 2021, almost $9.3 billion was invested in the final quarter of the year.

Despite the latest tsunami of sobering crypto news and trends, Foresight Ventures considers the period an opportunity to build. “We understand very well that bear markets are periods of massive innovation and growth,” co-founder Forest Bai said in the press release. The program will prioritize projects at every stage of development, “to accelerate” the crypto industry’s evolution.

Established in 2020, Foresight Ventures has invested in Web3, non-fungible token, gaming and decentralized finance projects. Last year, AUM increased to $400 million from $80 million following FV's acquisitions of BitKeep, a multi-chain digital wallet in Asia, and Singapore-based exchange and trading platform, BitGet.during CoinDesk’s Consensus 2022 in Austin, Texas. The firm is also a sponsor of the Bitcoin Miami conference.

Congrats! Let's BuildWeb3 together 🙌

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Commercial and Business Opportunities for Artists in Web3 | HackerNoonArtistic autonomy has probably been a fraught issue since the dawn of time. - blockchain art And nfts do nothing to solve that 👍
Source: hackernoon - 🏆 532. / 51 Read more »

Unique Web3 tech primed to democratize Internet of Things industryConflicted about the tradeoff of convenience for data that comes with the Internet of Things? W3bstream aims to solve that. IOT = internet of value incoming with Web3 Hi Team We need guest post on your site Please contact me for detail iotex_io amazing project 🔥🔥
Source: Cointelegraph - 🏆 562. / 51 Read more »