Singapore, Singapore, February 24th, 2025,
Chainwire
Foresight Ventures, a
leading global crypto-focused venture capital firm, has announced
its commitment of up to $25 million to support live projects on the
BNB Chain throughout 2025 as part of the BNB Incubation Alliance
(“BIA”). This collaboration underscores Foresight Ventures'
dedication to fostering innovation and empowering early-stage
blockchain initiatives.
As an alliance member of BIA, Foresight Ventures will have the
opportunity to invest in standout projects, identifying
high-potential ventures early in their development. The BNB
Incubation Alliance, launched by BNB Chain and YZi Labs (formerly
Binance Labs), serves as a dynamic accelerator for early-stage Web3
projects. Through an interconnected ecosystem of resources,
mentorship, and strategic partnerships, BIA is poised to redefine
how emerging blockchain ventures achieve sustainable growth and
impactful deployment.
BIA features a comprehensive support framework that includes
access to the Most Valuable Builder (MVB) program, potential YZi
Labs funding opportunities, and BNB Chain grants. Selected projects
will also benefit from the innovative Launch-as-a-Service (LaaS)
package, streamlining their development journey within the BNB
ecosystem. By creating this pipeline of tools and resources, BIA is
positioned to catalyze the next wave of industry-leading Web3
projects.
Forest Bai, Co-Founder of Foresight Ventures,
commented:
"Our commitment to supporting projects in the BNB
Incubation Alliance reflects our enduring mission to support
visionary entrepreneurs and emerging blockchain projects. By
backing projects within BIA, we aim to bridge promising ideas with
the essential resources and networks they need to thrive. This
collaboration reinforces our belief in the transformative power of
blockchain technology and our responsibility to foster its adoption
globally."
The BNB Chain Core Development Team
expressed: “The BNB Chain ecosystem continuously
works to catalyze projects' success through initiatives like BIA
from ideation to maturity and ecosystem incentives, empowering
builders to succeed and thrive "
The BNB Incubation Alliance will conduct a series of global
events designed to showcase early-stage projects and connect them
with industry leaders, investors, and experts. These events will
spotlight ventures in incubation, offering unparalleled
opportunities for collaboration and knowledge exchange. The
criteria for project selection prioritize innovation, scalability,
and a strong alignment with the ecosystem's objectives.
As a pioneer in bridging East and West within the crypto sector,
Foresight Ventures brings unparalleled insights and a robust
network to the alliance. Its commitment reflects a desire to
catalyze blockchain innovation across borders.
About Foresight Ventures
Foresight Ventures is the
first and only crypto VC bridging East and West. With a
research-driven approach and offices in the US and Singapore, they
are a powerhouse in crypto investment and incubation. Their premier
media network includes The Block, Foresight News, BlockTempo, and
Coinness. They invest in bold innovations and are committed to
reshaping the future of digital finance by supporting visionary
founders and groundbreaking projects.
For more information, users can visit: Website | Twitter | LinkedIn
For media inquiries, users may contact: media@foresightventures.com
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