Foresight Ventures Solidifies Presence in the U.S. by Launching New Office at the One World Trade Center in New York

Foresight Ventures, a prominent player in the crypto and Web3 investment landscape, is strategically moving in the United States by establishing a new office at the renowned One World Trade Center in New York City. This initiative, in partnership with its portfolio companies Morph and The Block, highlights the critical role of the U.S. market in propelling blockchain innovation and decentralization forward.

The new office, perched on the 77th floor of the towering skyscraper, transcends the conventional notion of a workspace. This space is designed to be a vibrant, collaborative hub for Web3 enthusiasts, developers, and stakeholders, igniting conversations and driving initiatives to fast-track blockchain adoption across various industries.

A Calculated Entry into the U.S. Landscape

The United States remains a powerhouse in the international cryptocurrency arena. Recent data underscores that the U.S. remains the leading nation for blockchain developers, representing 19% of the global total. Additionally, startups based in the U.S. capture nearly 43.5% of blockchain funding, solidifying its status as a crucial center for innovation and investment. New York City stands as a premier nexus for finance and innovation, providing unmatched connectivity to institutional investors, regulatory dialogues, and a wealth of technological expertise. The upcoming workspace is set to empower Foresight Ventures and its partners to forge deeper connections with U.S.-based stakeholders, tackle pressing challenges within the blockchain ecosystem, and uncover pathways 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.

A Collaborative Alliance

The New York office serves as a dynamic hub to propel the growth of Foresight Ventures’ portfolio companies. It provides essential strategic resources and mentorship and connects them to a powerful network of investors and developers. Morph, an innovative Layer 2 scaling solution, is set to revolutionize blockchain scalability while maintaining robust security and accessibility.

Honoring Breakthroughs

In celebration of this significant achievement, Foresight Ventures, Morph, and The Block came together to host a housewarming event during the festive 2024 holiday season. The event brought together key players from Coinfund, A16Z, Solana, Monad, and 6th Man Ventures, creating an opportunity to delve into groundbreaking concepts, engage with dedicated builders in the Web3 ecosystem, and cultivate a vibrant community spirit.