Foresight Ventures Launches $10M Web3 Startup Fund

Foresight Ventures (FV), a crypto fund with $400 million in assets under management (AUM), is launching an incubator program called Foresight X. The program will allocate $10 million to three different types of Web3 funding and collaborations.
Two programs have unlimited pools of ecosystem and research grants. The third is an eight-week incubator program for 30 early-stage projects or startups, which includes up to $300,000 in funding. Gitcoin, a crowdfunding platform, will share incentives and partner with FV to build collaborations and mentorships.
“We are particularly interested in projects that offer solutions to help scale [the crypto] industry for mainstream adoption,” Tony Cheng, general partner at Foresight Ventures, said in a press release. The grant application process is scheduled to open at the end of this year.

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