Last October, EOS Network signed an MOU with South Korea’s coastal metropolitan city Busan to invest $100 million in web3 companies. The alliance includes AlphaNonce, CoinNess, Foresight Ventures, and OKX Blockdream Ventures among others and holds $700 million in assets under management.

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.”