Foresight X Announces the First Batch of Projects to Receive Funding and Support as the Accelerator Launches
SINGAPORE, March 23, 2023 /PRNewswire-PRWeb/ -- Foresight X, Foresight Ventures' accelerator program announces the initial line-up of innovative Web3 projects receiving funding and support. Over 500 applications were received from over 30 countries, and 7 outstanding projects were selected for the Foresight X Accelerator.
Foresight X will provide support funds totaling $2.5 million to these selected projects. During the upcoming acceleration, Foresight X will advise and support the cohort on technical development, branding and marketing, tokenomics, project operation, listing, company management, talent development, laws and regulations, and other aspects in building the project.
Forest Bai, Co-founder at Foresight Ventures, said: "As one of the leading crypto VCs based in Asia, we understand very well that bear markets are periods of massive innovation and growth. It's exciting to support the first cohort of entrepreneurs through our Foresight X Accelerator Program. Our goal with this $10M program was to provide opportunities for startups from underrepresented communities so their imagination and vision can come to life. It is in our best interest to open the doors to innovation for talented entrepreneurs worldwide. Increasing the inclusion and sustainability of entrepreneurs' projects is also something we would like to help with. We will continue to support innovative projects regardless of how the market rises or falls."
These projects span many verticals in the Web3 space including GameFi (GoSleep, Spacenation), ZK Infra (Hyper Oracle), LSD (Ion Protocol, LSDx), Metaverse (Airena), NFTFi (Midaswap).
The selected projects are as follows:
GoSleep is a HealthFi-focused lifestyle app built on Arbitrum platform that incentivizes players to lead a healthy lifestyle. With personalized sleep advice tailored to their sleeping patterns, GoSleep aims to assist players in developing healthy sleep habits over time.
Website: https://gogogosleep.com/index
Twitter: https://twitter.com/gosleep01
Discord: https://discord.gg/gosleep
Opensea OG: https://opensea.io/collection/gosleep-nightscaper-edition
Hyper Oracle is a programmable zkOracle network that replaces traditional oracle and middleware infrastructure security and incentive mechanisms with ZK. From indexing to smart contract automation, Hyper Oracle's meta apps make on-chain data and off-chain computation useful and verifiable with fast finality.
Website：https://www.hyperoracle.io/
Twitter: https://twitter.com/HyperOracle
Discord: https://discord.gg/i/MgyYbW9dQj
Space Nation
Space Nation is a world-class game team formed by a veteran MMO developer team, global game publishing and operation professionals, crypto technicians, and a world-class movie director - Roland Emmerich. They are building a AAA quality Next-gen Space Opera Web3 MMORPG featuring the integration of play for fun and play to earn, targeting both Web2 gamers and Web3 users.
Ion Protocol is an application aimed at building a more interoperable standard for LSTs and unlocking the value of validator capital. By generating a new LST primitive that separates the simplicity of the value backing them from the complexity of liquid staking provider architecture, Ion Protocol looks to empower new use cases for LST-based assets in the DeFi ecosystem.
Twitter: https://twitter.com/ionprotocol
Discord: https://discord.gg/CjQqUgPA6Y
AIRENA
Airena is the ultimate bridge between reality and the Metaverse. With the advanced 3D AIGC, Metaverse, and space UGC system, AIRENA provides a one-stop social and artwork platform for 2D/3D artists. The simplified all-format NFT creation process and space UGC make AIRENA an all-encompassing solution for individuals and businesses seeking to participate in, integrate with, and build on a parallel world, providing a seamless experience for META exploring and digital assets trading.
MidaSwap is an NFT DEX. MidaSwap's AMM model is based on uniswapV3's optimized Liquidity Book model, which supports creating NFT trading pairs with any assets permissionless and LPs can earn trading fees with Single-Sided Liquidity. LPs will gain ERC721 LP tokens and be able to start liquidity mining. Compared with Sudo's one LP one pool model, Midaswap supports different LPs of one collection to provide liquidity in the same pool and gathers NFT liquidity of LPs in one pool on chain, resulting in higher composability. Midaswap's vision is to simulate DeFi summer and bring NFT summer back to life.
Website：https://www.midaswap.org/
Twitter：https://twitter.com/Midaswap_
Discord：https://discord.gg/FNkFwBQNaT
LSDx is an ultra-liquid protocol for all LSDs. It aims to optimize the financial value of liquid staking derivatives (LSD) assets, addressing the limited liquidity and lack of diverse financial scenarios that hinder their connection with various DeFi protocols.
ETHx is the first liquidity pool to be launched by LSDx. Users can subscribe to ETHx by staking ETH, stETH, and sfrxETH. This allows for different LSD tokens to be instantly switched with low slippage through ETHx. LSD holders will enjoy higher APR, better liquidity, and more dispersed risk. In the future, LSDx plans to launch a variety of liquidity pools, including APTx and a new debt-stabilized currency called Ultrasound Money (UM).
Twitter: https://twitter.com/LSDxfinance
Discord: https://discord.gg/GnXWfsz8Dm
Foresight X has already helped accelerator projects receive investment from Sequoia Capital, DAO5, BITKRAFT Ventures, Amber Group, SevenX Ventures, KuCoin Ventures, etc. Foresight X will also invite its accelerator projects to participate in Foresight global events such as hacker house, hackathon, demo day, etc. Foresight X is committed to helping more web3 companies grow together in the future, and stay tuned for announcements regarding the launch of the second batch of the Foresight X Accelerator. Find out more about Foresight X: http://foresightx.net/#
Foresight X Accelerator Program fuels Web3 development through open, transparent and decentralized governance, creating a future that is more sustainable and natively digital.
About Foresight Ventures
Foresight Ventures is a crypto fund with $400 AUM focused on backing Web3 projects that embody an ethos of decentralization while moving crypto towards long-term, mainstream adoption. Foresight Ventures manages multiple funds: a VC fund, an actively-managed secondary fund, a multi-strategy FOF, and a private market secondary fund. As a one-stop shop for crypto projects, Foresight Ventures provides incubation, investment, and advisory throughout the project life cycle.
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