Foresight X, the accelerator program by Foresight Ventures, has announced the first cohort of innovative Web3 projects to receive funding and support. The program received over 500 applications from 30 countries and selected seven outstanding projects. Foresight X will provide a total of $2.5 million in support funds to these projects.

The accelerator program will provide advice and support in various aspects including technical development, branding and marketing, project operation, company management, talent development, and laws and regulations. The goal of the program is to provide opportunities for startups from underrepresented communities and support innovation regardless of market conditions.

The selected projects span different verticals in the Web3 space including GameFi, ZK Infra, LSD, Metaverse, and NFTFi. Each project aims to bring something unique to the table, from a health-focused lifestyle app to a programmable zkOracle network. Foresight X has already helped accelerator projects receive investment from top venture capital firms and will invite them to participate in Foresight global events.

The program is committed to helping more Web3 companies grow together, with announcements regarding the launch of the second batch of the accelerator program coming soon. Find out more about Foresight X and Foresight Ventures, a crypto fund focused on backing Web3 projects and promoting long-term mainstream adoption of crypto.