Foresight Ventures Commits $25 Million to Support Early-Stage Blockchain Initiatives on BNB Chain
Singapore-based crypto venture capital firm Foresight Ventures has committed to investing up to $25 million in projects on BNB Chain through 2025 as part of the BNB Incubation Alliance.
The initiative aims to boost blockchain adoption by supporting emerging startups via the BNB Incubation Alliance (BIA), an initiative that provides projects with access to resources, mentorship, and funding opportunities, including grants from BNB Chain and support from YZi Labs.
βBy backing projects within BIA, we aim to bridge promising ideas with the essential resources and networks they need to thrive. This collaboration reinforces our belief in the transformative power of blockchain technology and our responsibility to foster its adoption globally.β
– Forest Bai, Foresight Ventures co-founder
Investment Criteria and Funding Requirements
The exact funding requirements for startups are not clear, but the selection process will be based on innovation, scalability, and how well projects fit with BNB Chain’s ecosystem.
Upcoming Events and Initiatives
With the funding, BIA plans to host global events to bring early-stage projects together with investors and experts, providing a platform for knowledge sharing, networking, and collaboration.
BNB Chain’s 2025 Tech Roadmap
In mid-February, BNB Chain revealed its tech roadmap for 2025, highlighting the ecosystem’s focus on using artificial intelligence to boost transaction speeds and security. The blockchain aims to:
- Reduce transaction latency to sub-second speeds
- Enable gasless transactions
- Scale to handle 100 million transactions per day
In addition to these upgrades, the network is tackling long-standing security challenges, especially those linked to maximal extractable value exploits.
Stay up-to-date with the latest developments in the world of cryptocurrencies and blockchain technology on Global Crypto News.