As a leader in cryptocurrency and Web3 investment, Foresight Ventures 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 taken in collaboration with portfolio companies Morph and The Block, highlighting the core position of the U.S. market in driving blockchain innovation and decentralization.
The new office is located on the 77th floor of the skyscraper, and it is not just an office space. It is also conceived as a communication center for Web3 enthusiasts, developers, and stakeholders, aimed at promoting dialogue and action on cross-industry blockchain applications to accelerate the adoption of blockchain technology.
Strategic move into the U.S. market
The U.S. continues to dominate 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 received 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, offers 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 acceptance 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 anticipate a clearer regulatory framework emerging and a significant number of builders returning to the region. This office will be a solid step for us to support the next wave of innovators and shape the future of the industry."
For Foresight Ventures, establishing a collaborative institution in New York is crucial for shaping the future of Web3. This move represents our commitment to combining international expertise with the vast opportunities of the U.S. market,” said Forest Bai, co-founder of Foresight Ventures.
Collaborative Partnership
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 whitepaper 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 connecting the East and West. They adopt a research-driven approach and have offices in the U.S. and Singapore, making them a giant in the cryptocurrency investment and incubation space. Their top media network includes The Block, Foresight News, BlockTempo, and Coinness. Foresight Ventures actively invests in the boldest innovations and is dedicated to collaborating with visionary projects and teams to help them succeed and reshape the future of digital finance and other fields.
[Disclaimer] The market has risks, and investment should be cautious. This article does not constitute investment advice, and users should consider whether any opinions, views, or conclusions in this article meet their specific circumstances. Investing based on this is at your own risk.