Foresight Ventures pledges additional 10M for Web3 accelerator

In a move that is set to shake up the blockchain world, Foresight Ventures has announced that it will provide an additional $10 million in funding for their Web3 accelerator program. This funding comes on top of the $5 million already invested and will be used to support promising and innovative Web3 start-ups.

The success story of Web3 start-up, Blockade Games

One company that has benefited greatly from the Web3 accelerator program is Blockade Games. The company, which was founded in 2018, is a gaming start-up that uses blockchain technology to create unique gaming experiences.

Blockade Games was one of the first companies to receive funding from the Web3 accelerator program, and the investment has helped them to develop and launch their first game, Neon District. The game is a role-playing game that allows players to use cryptocurrencies to buy, sell, and collect in-game items.

The success of Neon District has led to Blockade Games receiving additional funding from Foresight Ventures, which has helped them to continue to innovate and develop new games that use blockchain technology.

The impact of the Web3 accelerator program

The Web3 accelerator program has already had a significant impact on the blockchain world. Since its launch in 2018, the program has invested in over 30 start-ups, and many of these companies have gone on to achieve great success.

• Blockade Games has raised over $11 million in funding
• ChainGuardian has created a secure and decentralized platform for managing digital assets
• Propy has created a blockchain-based platform for real estate transactions
• OpenSea has become the largest NFT marketplace in the world
• Terra Virtua has created a virtual reality platform for collecting and interacting with NFTs

Conclusion

1. The Web3 accelerator program has had a significant impact on the blockchain world
2. The additional funding from Foresight Ventures is a positive sign for the future of Web3 start-ups
3. The success of companies like Blockade Games shows that there is a bright future for blockchain-based innovation in the gaming industry