Recently, Foresight Ventures announced the opening of a new office in One World Trade Center in New York, a move that not only marks its further expansion in the U.S. market but also underscores its firm belief in promoting global blockchain innovation and the decentralization process.
Source: Chainwire
Compiled by: Nicky, Foresight News
Foresight Ventures, as a leader in cryptocurrency and Web3 investment, further solidified its influence in the U.S. by opening a new office in the iconic One World Trade Center in New York City. This action was carried out in collaboration with portfolio companies Morph and The Block, highlighting the core position of the U.S. market in driving blockchain innovation and the decentralization process.
The new office is located on the 77th floor of the skyscraper, and it is not just a workspace. It is also envisioned as a hub for Web3 enthusiasts, developers, and stakeholders, aimed at facilitating cross-industry dialogue and action on blockchain applications to accelerate the adoption of blockchain technology.
Strategic move into the U.S. market
The U.S. remains a dominant force in the global cryptocurrency space. The latest data shows that the U.S. still has the largest number of blockchain developers, accounting for 19% of the global total, and U.S.-based startups have secured nearly 43.5% of blockchain funding, making it an indispensable center for innovation and investment. New York City, as a global financial and innovation hub, provides unparalleled resources for institutional investors, regulatory discussions, and tech talent. The new office will enable Foresight Ventures and its partners to establish closer collaborations with U.S. stakeholders to jointly address challenges in the blockchain ecosystem and explore ways to drive global consumer adoption of blockchain.
Alice Li, Head of North America and Investment Partner at Foresight Ventures, stated, "We are optimistic about the future of cryptocurrency in the U.S., especially as we foresee clearer regulatory frameworks emerging and a significant number of builders returning to the region. This office will be a solid step in supporting the next wave of innovators and shaping the future of the industry."
"For Foresight Ventures, establishing a collaborative institution in New York is crucial for shaping the future of Web3, representing our commitment to combining international expertise with the vast opportunities of the U.S. market," said Forest Bai, Co-founder of Foresight Ventures.
Collaborative Partnerships
The New York office is designed as a collaborative space aimed at accelerating the growth of Foresight Ventures' portfolio companies by providing strategic resources, guidance, and access to a powerful network of investors and developers. Morph is an advanced Layer 2 scaling solution provider aimed at enhancing blockchain scalability while ensuring security and accessibility; and The Block, known for its sharp digital asset media and research, is one of the first companies to settle in this new center.
Celebrating Innovation
To commemorate this milestone event, Foresight Ventures, Morph, and The Block held a relocation celebration during the 2024 holiday season. The gathering invited representatives from Coinfund, A16Z, Solana, Monad, and 6th Man Ventures, providing a platform to explore transformative ideas, connect with long-term builders in the Web3 space, and foster community awareness.
Event Highlights
The team printed the Bitcoin white paper as a decoration for the main wall of the new office, symbolizing the foundation of blockchain innovation.
Photos of core team members from Foresight Ventures, The Block, and Morph.
About Foresight Ventures
Foresight Ventures is the first and only cryptocurrency venture capital firm that connects the East and West. They employ a research-driven approach, with offices in the U.S. and Singapore, and are a giant in the field of cryptocurrency investment and incubation. Their top media network includes The Block, Foresight News, BlockTempo, and Coinness. Foresight Ventures actively invests in the boldest innovations and is committed to collaborating with visionary projects and teams to help them succeed and reshape the future of digital finance and other fields.