The firm brings to a global level its interest in investing in cryptocurrency and its other arm, Web3. This is an important bilateral step that further strengthens the firm’s presence in the U.S., the major stakeholder and contributor to blockchain technology and innovation.
Foresight Ventures: A Space for Collaboration
The office will offer a coworking space for developers, people interested in Web3, and industry professionals. Foresight Ventures hopes to Bring blockchain adoption to various sectors in partnership with an innovative Layer 2 scaling solution.
At the same time, Foresight Ventures continues to explore unique opportunities for themselves within the financial and high-tech contexts of New York City, which has become the home of many U.S.-based investors, regulators, and developers. With nearly 20% of the world’s blockchain developers based in the U.S. and enormous funding flowing into that space-the city is quite ideally placed to stretch the boundaries of Web3 innovation.
Leadership Excited About the Move
Alice Li, Foresight Ventures’ Head of North America and Investment Partner, shared her excitement about the new office:
“We are strong believers in the future of crypto in the U.S. as it becomes increasingly regulated and builders go more in that direction-an office in New York is emblematic of our joining this trend.”
Forest Bai, Co-founder of Foresight Ventures, also stressed the significance of this expansion:
“This new office puts us on a global level and into the U.S. market and lets us tap into the amazing opportunities that exist here for Web3 growth.”
Initiating the Celebration
To do the launch celebration, Foresight Ventures teamed up with Morph and The Block for an invite-only meeting of industry players. The event has representatives from dozens of companies including Coinfund, A16Z, Solana, Monad, and 6th Man Ventures.
At the office, a sanctuary for the Bitcoin white paper in remembrance of the origins of blockchain, named by Foresight Ventures, in the heart of New York City, symbolizes a commitment to creating the future of Web3.
