Foresight Ventures have just announced the launch of a $10 million dollar incubator program called Foresight X. The program will allocate $10 million to three different types of web3 funding and collaborations. Established in 2020, Foresight Ventures has previously invested in web3, non-fungible token, gaming, and decentralized finance (DeFi) projects.
Two programs have unlimited pools of ecosystems and research grants. The third is an eight-week incubator program for 30 early-stage projects or startups, which includes up to $200,000 in funding. Gitcoin, a crowdfunding platform, will apparently share incentives and partner with Foresight Ventures to build collaborations and mentorships.
Tony Cheng, a general partner at Foresight Ventures, stated:
“We are particularly interested in projects that offer solutions to help scale the crypto industry for mainstream adoption. The grant application process is scheduled to open at the end of this year.”
