Singapore-based crypto venture capital firm Foresight Ventures has committed up to $25 million to support emerging blockchain startups on BNB Chain through 2025.
According to the press release issued on February 24, As an alliance member of BIA, Foresight Ventures will have the opportunity to invest in high-potential projects, identifying promising ventures in their early stages. The investment is part of the BNB Incubation Alliance (BIA). BIA, launched by BNB Chain and YZi Labs (formerly Binance Labs), serves as an accelerator for Web3 startups, offering a comprehensive support framework that includes access to the Most Valuable Builder (MVB) program, potential YZi Labs funding opportunities and BNB Chain grants.
Additionally, selected projects will benefit from the Launch-as-a-Service (LaaS) package, which streamlines their development within the BNB ecosystem. Forest Bai, Co-Founder of Foresight Ventures, emphasized the firm’s commitment to fostering blockchain innovation:
“This collaboration reinforces our belief in the transformative power of blockchain technology and our responsibility to foster its adoption globally.”
The BNB Chain Core Development Team highlighted the initiative’s impact:
“The BNB Chain ecosystem continuously works to catalyze projects’ success through initiatives like BIA, from ideation to maturity and ecosystem incentives, empowering builders to succeed and thrive.”
As part of the initiative, BIA will host global events to connect early-stage projects with investors, industry leaders, and blockchain experts. These events will provide networking opportunities and exposure for incubated startups, fostering collaboration and knowledge sharing. Project selection will prioritize innovation, scalability, and alignment with BNB Chain’s broader ecosystem goals.
This announcement follows BNB Chain’s recent 2025 tech roadmap, which focuses on integrating artificial intelligence to enhance transaction speeds and security. Initially developed by Binance, the blockchain network is working to reduce transaction latency to sub-second speeds, enable gasless transactions, and scale to handle 100 million daily transactions. Additionally, efforts are underway to address longstanding security challenges, including those related to maximal extractable value (MEV) exploits.
If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.
“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”
