Singapore, 27 Nov 2024 - Foresight Ventures, a global leader in crypto and Web3 investments, is solidifying its presence in the United States by launching a new office at the iconic One World Trade Center in New York City. This initiative, in collaboration with its portfolio companies Morph and The Block, underscores the importance of the U.S. market in driving blockchain innovation and decentralization.

The new office, located on the 77th floor of the towering skyscraper, is more than just a workspace. It is envisioned as a collaborative hub for Web3 enthusiasts, developers, and stakeholders, fostering dialogue and action to accelerate blockchain adoption across industries.

The United States continues to be a dominant force in the global cryptocurrency landscape. Recent data highlights that the U.S. is still the top country for blockchain developers, accounting for 19% of the global number and US-headquartered startups garner nearly 43.5% of blockchain funding, making it an indispensable hub for innovation and investment. New York City, a global financial and innovation hub, offers unparalleled access to institutional investors, regulatory discussions, and technological talent. The new workspace will allow Foresight Ventures and its partners to engage more closely with U.S.-based stakeholders, address challenges in the blockchain ecosystem, and explore avenues for global consumer adoption.

Alice Li, Head of North America and Investment Partner at Foresight Ventures expresses, “We’re bullish about the future of crypto in the U.S., particularly as we expect clearer regulatory frameworks and an influx of builders returning to the region. This office is a tangible step toward empowering the next wave of innovators and shaping the industry’s future.”

"For Foresight Ventures, establishing a collaborative presence in New York City is critical for shaping the future of Web3, and this move represents a commitment to bridging international expertise with the vast opportunities present in the U.S. market," said Forest Bai, Co-founder of Foresight Ventures.

The New York office is designed as a collaborative space to accelerate the growth of Foresight Ventures’ portfolio companies by offering strategic resources, mentorship, and access to a robust network of investors and developers. Morph, an advanced Layer 2 scaling solution poised to enhance blockchain scalability while ensuring security and accessibility, and The Block, renowned for its incisive digital asset media and research, are the first companies to establish themselves in this new hub.

To commemorate this milestone, Foresight Ventures, Morph, and The Block hosted a housewarming event during the 2024 holiday season. The gathering, which welcomed representatives from Coinfund, A16Z, Solana, Monad, and 6th Man Ventures, served as a platform for exploring transformative ideas, connecting with long-term builders in the Web3 space, and fostering a sense of community.

Event Highlight

About Foresight Ventures

Foresight Ventures is the first and only crypto VC bridging East and West. With a research-driven approach and offices in the US and Singapore, we are a powerhouse in crypto investment and incubation. Our premier media network includes The Block, Foresight News, BlockTempo, and Coinness. We aggressively invest in the most daring innovations and are dedicated to partnering with visionary projects and top teams to help them succeed, reshaping the future of digital finance and beyond.

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This post is commissioned by Foresight Ventures and does not serve as a testimonial or endorsement by The Block. This post is for informational purposes only and should not be relied upon as a basis for investment, tax, legal or other advice. You should conduct your own research and consult independent counsel and advisors on the matters discussed within this post. Past performance of any asset is not indicative of future results.

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

© 2024 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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