創投公司的牛市導航者：揭曉 Foresight X 的孵化器瑰寶

隨著市場從熊市過渡到多頭市，流動性激增，帶來投資機會。創投公司善於辨識市場情緒的變化，能夠先於其他人抓住機會，將自己定位在有前景的產業和專案。追蹤 Foresight Ventures 等著名創投公司的專案分配，可以深入了解潛在的成長和投資領域。 Foresight Ventures 的加速器 Foresight X 在其三個隊列中挑選了 17 個跨不同領域的項目，包括 DePIN、AI 和 BTC L2。這些選定的項目預計將在 2024 年引領潮流，並為投資者提供有前途的機會。

Navigating the Bull Market with VCs: Exploring Foresight X's Incubator Projects

與創投一起駕馭牛市：探索 Foresight X 的孵化器項目

In any market transition from bear to bull, the surge in liquidity presents investors with the tantalizing prospect of substantial gains. However, identifying the most lucrative investments during this critical period can be a daunting task. Historically, venture capitalists (VCs) have exhibited a knack for deploying "counter-cyclical" strategies, skillfully perceiving sentiment shifts and capitalizing on opportunities ahead of the curve. They leverage their market insights and incubation resources, positioning themselves to reap the early rewards of a bull market's wealth effect.

在任何市場從熊市到多頭市場的轉變中，流動性的激增都會為投資者帶來大幅收益的誘人前景。然而，在這個關鍵時期確定最有利可圖的投資可能是一項艱鉅的任務。從歷史上看，創投家（VC）展現了部署「反週期」策略、巧妙地洞察情緒變化並利用領先機會的技巧。他們利用市場洞察力和孵化資源，定位自己以獲取牛市財富效應的早期回報。

The pivotal year of 2023 witnessed the ascendancy of a constellation of concepts, including the Bitcoin Ecosystem, Solana Ecosystem, LSD Protocol, Modularity, and Re-Staking. Many of these, such as the surge in excitement surrounding BTC Layer 2 infrastructure fueled by Ordinals and the remarkable performance of modular projects like SEI and TIA, were early-stage investments strategically made by leading VCs.

2023 年是關鍵的一年，見證了一系列概念的崛起，包括比特幣生態系統、Solana 生態系統、LSD 協議、模組化和重新抵押。其中許多，例如 Ordinals 推動的圍繞 BTC Layer 2 基礎設施的熱潮以及 SEI 和 TIA 等模組化項目的卓越表現，都是領先創投公司策略性進行的早期投資。

For ordinary investors, tracking the project allocations of prominent VCs offers invaluable guidance. Their investment portfolios represent a filtered collection of "premium seed players" meticulously selected through rigorous research and industry expertise. The more exceptional a VC's track record, the greater the potential reference value for ordinary investors seeking to capitalize on market opportunities.

對於普通投資者來說，追蹤著名創投公司的專案分配提供了寶貴的指導。他們的投資組合代表了透過嚴格的研究和行業專業知識精心挑選的「優質種子投資者」的集合。 VC的表現越出色，對於尋求市場機會的一般投資人來說，潛在的參考價值就越大。

Amidst the industry reshuffle of the past two years, Foresight Ventures has emerged as a representative of the new generation of crypto VCs. Renowned for its contrarian large-scale positioning, Foresight Ventures' investment portfolio spans diverse sectors, including AI, DePIN, BTC L2, Data, On-Chain ML Models, and LSD, reflecting its keen sensitivity to investment opportunities and ability to identify burgeoning hotspots.

在近兩年的產業洗牌中，Foresight Ventures成為了新一代加密VC的代表。 Foresight Ventures以其逆向大規模定位而聞名，投資組合涵蓋人工智慧、DePIN、BTC L2、數據、鏈上機器學習模型和LSD等多個領域，體現了其對投資機會的敏銳敏感度和識別新興熱點的能力。

In this article, we delve into the investment inclinations of prominent VCs regarding the emerging narrative of Web3 in 2024. This exploration is based on a meticulous analysis of the projects incubated by Foresight X, the accelerator arm of Foresight Ventures, over the past year. By scrutinizing these projects, we aim to uncover potential "seed players" poised to shape the Web3 landscape and lead the narrative in 2024.

在本文中，我們深入探討了知名創投公司對 2024 年 Web3 新興敘事的投資傾向。這項探索是基於對 Foresight Ventures 加速器部門 Foresight X 在過去一年孵化的專案的細緻分析。透過審查這些項目，我們的目標是發現潛在的“種子玩家”，他們有望塑造 Web3 格局並引領 2024 年的發展。

Foresight X's Three-Phase Incubator Program

Foresight X 的三相孵化器計劃

Foresight X, the flagship accelerator program within the broader Foresight investment ecosystem, has launched a total of three cohort accelerators over the past year, investing a combined $30 million in high-potential projects.

Foresight X 是更廣泛的 Foresight 投資生態系統中的旗艦加速器計劃，在過去一年中總共推出了三個同類加速器，為高潛力項目投資了總計 3000 萬美元。

Phase 1: Concluded in March 2023, this cohort selected seven projects.
Phase 2: Completed in October 2023, this cohort selected four projects.
Phase 3: Successfully concluded in March 2024, this cohort selected six projects.

第一階段：於2023 年3 月結束，該批次選擇了7 個項目。第二階段：於2023 年10 月完成，該批次選擇了4 個項目。第三階段：於2024 年3 月成功結束，該批次選擇了6 個項目。

These selected projects encompass a diverse array of fields, including DePIN, AI, BTC L2, Data, On-Chain ML Models, RGB, ORDI, Taproot Assets, BitVM, BTC Sidechains, BTCFi, Blockchain Game, Creator Economy, SocialFi, DID, ZK dapps, Tokenized real-world assets, Privacy tracks, and other Web3 domains. Notably, many projects integrate multiple narratives, such as AI and DePIN.

這些選定的項目涵蓋各個領域，包括DePIN、AI、BTC L2、數據、鏈上ML模型、RGB、ORDI、Taproot Assets、BitVM、BTC側鏈、BTCFi、區塊鏈遊戲、創作者經濟、SocialFi、 DID、 ZK dapps、代幣化的現實世界資產、隱私軌道和其他 Web3 領域。值得注意的是，許多項目融合了多種敘事，例如 AI 和 DePIN。

In addition to receiving professional one-on-one acceleration services from Foresight X throughout the cycle, selected projects gain access to a comprehensive range of resources:

除了在整個週期內獲得 Foresight X 專業的一對一加速服務外，選定的專案還可以獲得全面的資源：

• Technical support
• Brand marketing
• Tokenomics
• Operations
• Listing
• Company management
• Talent development
• Legal regulations
• Full-process, full-chain, and all-round support to assist in project development

Notable Projects from Foresight X's Cohort Accelerators

技術支援品牌行銷代幣經濟學營運上市公司管理人才培養法規全流程、全鏈、全方位支持，協助專案發展Foresight X Cohort Accelerators 知名項目

ION Protocol
ION Protocol is a price-agnostic lending platform built to support staked and re-staked assets. It enables users to participate in diverse lending markets, ranging from leveraged staking yields to points multiplier pools and beyond. By introducing staking-based mechanisms to DeFi, ION enhances the lending and borrowing experience, allowing users to maximize earnings while minimizing risk.

ION ProtocolION Protocol 是一個與價格無關的借貸平台，旨在支持質押和重新質押資產。它使用戶能夠參與多樣化的借貸市場，從槓桿質押收益率到積分乘數池等等。透過在 DeFi 中引入基於質押的機制，ION 增強了借貸體驗，使用戶能夠在最小化風險的同時實現收益最大化。

GoSleep
GoSleep is a HealthFi-focused lifestyle app built on the Arbitrum platform that motivates users to embrace a healthy lifestyle. It provides personalized sleep advice tailored to individual sleeping patterns, aiming to foster healthy sleep habits over time.

GoSleepGoSleep 是一款建立在 Arbitrum 平台上的專注於 HealthFi 的生活方式應用程序，旨在激勵用戶擁抱健康的生活方式。它提供針對個人睡眠模式的個人化睡眠建議，旨在隨著時間的推移培養健康的睡眠習慣。

ORA Protocol
ORA is the verifiable Oracle protocol that brings the power of AI and complex compute on-chain. Its two primary products, AI Oracle (OAO) and zkOracle, enable the integration of AI and complex historical data on-chain. ORA breaks down the limitations of smart contracts by providing richer data sources and compute, empowering developers to innovate freely.

ORA 協議ORA 是可驗證的 Oracle 協議，它將人工智慧和複雜運算的力量帶到鏈上。其兩個主要產品AI Oracle（OAO）和zkOracle能夠實現人工智慧與鏈上複雜歷史資料的整合。 ORA透過提供更豐富的資料來源和運算能力，打破智慧合約的限制，賦能開發者自由創新。

Space Nation
Space Nation Online is a groundbreaking Web3 Space Opera MMORPG designed to provide an immersive gaming experience for both Massive Web2 Gamers and the diverse community of Web3 users.

Space NationSpace Nation Online 是一款突破性的 Web3 Space Opera MMORPG，旨在為大規模 Web2 遊戲玩家和多元化的 Web3 使用者社群提供身臨其境的遊戲體驗。

TonUP
TonUP is an innovative platform built on the TON Blockchain that strives to revolutionize the way projects are launched and supported in the crypto space. It offers a comprehensive ecosystem for token launches, community participation, and project growth. TonUP is dedicated to identifying and nurturing promising projects, bringing exciting opportunities to the broader community.

TonUPTonUP 是一個基於 TON 區塊鏈構建的創新平台，致力於徹底改變加密貨幣領域專案的啟動和支援方式。它為代幣發行、社區參與和項目發展提供了一個全面的生態系統。 TonUP 致力於識別和培育有前途的項目，為更廣泛的社區帶來令人興奮的機會。

Glacier Network
Glacier Network is constructing a programmable, modular, and scalable data network tailored for large-scale DApps, supercharging DePIN and GenAI. It empowers decentralized apps with Data Availability (DA), enabling them to leverage decentralized Database (DB), powered by Data Compatibility (DC). Glacier launched GlacierDA to address the demand for off-chain verification and computation of executed states of GenAI and DePIN. It provides a programmable data-centric blockchain to seamlessly manage datasets with GlacierDB and LLM VectorDB on top of Arweave, Filecoin, and BNB Greenfield.

Glacier NetworkGlacier Network正在建立一個專為大規模DApp量身定制的可編程、模組化和可擴展的數據網絡，為DePIN和GenAI提供強大支援。它為去中心化應用程式提供資料可用性（DA），使它們能夠利用由資料相容性（DC）支援的去中心化資料庫（DB）。 Glacier推出GlacierDA是為了滿足GenAI和DePIN執行狀態的鏈下驗證和計算的需求。它提供了一個以資料為中心的可程式區塊鏈，可在 Arweave、Filecoin 和 BNB Greenfield 之上使用 GlacierDB 和 LLM VectorDB 無縫管理資料集。

LSDx
LSDx is an ultra-liquid protocol for all LSDs. It optimizes the financial value of liquid staking derivatives (LSD) assets, addressing the limited liquidity and lack of diverse financial scenarios that impede their connection with various DeFi protocols. ETHx is the first liquidity pool launched by LSDx. Users can subscribe to ETHx by staking ETH, stETH, and sfrxETH, facilitating instant switching of different LSD tokens with low slippage through ETHx. LSD holders benefit from higher APR, better liquidity, and more dispersed risk.

LSDxLSDx 是適用於所有 LSD 的超流動協定。它優化了流動性質押衍生品（LSD）資產的財務價值，解決了流動性有限和缺乏多樣化金融場景阻礙其與各種 DeFi 協議連接的問題。 ETHx是LSDx推出的第一個流動性池。用戶可以透過質押 ETH、stETH 和 sfrxETH 來訂閱 ETHx，方便透過 ETHx 實現不同 LSD 代幣的即時切換，滑點較低。 LSD 持有者受益於更高的年利率、更好的流動性和更分散的風險。

XLink
XLink, a strategic spinoff from ALEX Lab, positions itself as a critical Crypto Bridge within the Bitcoin Ecosystem. Its platform enables the smooth transfer of assets across Bitcoin, Bitcoin L2 such as Stacks, and EVM. As a gateway for users venturing into the Bitcoin space, XLink is dedicated to transforming the native DeFi experience. It actively forges partnerships and integrates with top-tier BTC Layer2s, aiming to enhance liquidity and seamless asset transactions.

XLinkXLink 是 ALEX Lab 的策略性衍生產品，將自己定位為比特幣生態系統中的關鍵加密橋樑。其平台可實現跨比特幣、比特幣 L2（例如 Stacks）和 EVM 之間的資產順利轉移。作為用戶進入比特幣領域的門戶，XLink 致力於改變原生 DeFi 體驗。它積極建立合作夥伴關係並與頂級 BTC Layer2 集成，旨在增強流動性和無縫資產交易。

UniCross
UniCross is a versatile platform that allows users to inscribe, trade, and bridge BTC assets on Bitcoin Layer 2. Through UniCross, users can mint Layer 1 BRC-20 tokens (including ARC-20, BRC-420, and others) directly on Bitcoin Layer 2. UniCross provides users with the flexibility to make payments using various blockchain assets, such as BRC-20, BTC, and ETH. Upon minting BTC assets, users receive stTokens, which can be traded on the UniCross Marketplace or swapped for Layer 2 ERC-20 tokens.

UniCrossUniCross是一個多功能平台，允許用戶在比特幣第2層上登記、交易和橋接BTC資產。透過UniCross，用戶可以直接在比特幣上鑄造第1層BRC-20代幣（包括ARC-20、BRC -420等）第 2 層。UniCross 為用戶提供使用各種區塊鏈資產（例如 BRC-20、BTC 和 ETH）進行支付的靈活性。在鑄造 BTC 資產後，用戶會收到 stToken，可以在 UniCross Marketplace 上進行交易或兌換為 Layer 2 ERC-20 代幣。

Shell Finance
Shell Finance is a trustless lending protocol operating on the Bitcoin Layer1 network. It empowers users to utilize Bitcoin inscription assets (including Ordinals, Runes, Atomicals, Stamps, etc.) as collateral to obtain loans. Loans are disbursed as synthetic Bitcoin assets, $BTCx, issued by Shell Finance. Essentially, Shell Finance allows users to leverage their assets and unlock liquidity without selling them. This month, Shell Finance will launch an NFT collection called Darkman, accompanied by its token yield farming mechanism.

Shell FinanceShell Finance 是一種在比特幣 Layer1 網路上運行的無需信任的借貸協議。它使用戶能夠利用比特幣銘文資產（包括序數、符文、原子、郵票等）作為抵押品來獲得貸款。貸款以合成比特幣資產 $BTCx 的形式發放，由殼牌金融發行。從本質上講，殼牌金融允許用戶在不出售資產的情況下利用其資產並釋放流動性。本月，殼牌金融將推出名為 Darkman 的 NFT 系列，並附帶其代幣流動性挖礦機制。

Apus Network
Apus Network is a decentralized AI Agents DePIN project that leverages blockchain technology, Web3, and DePIN computational resources to establish a transparent, secure, and incentive-compatible AI ecosystem. Governed by the community, developers contribute AI agents, and nodes offer computational power, with the shared goal of providing reliable AI services to users. Apus Network aims to democratize AI, creating a mutually beneficial scenario where all parties prosper.

Apus NetworkApus Network是一個去中心化的AI Agents DePIN項目，利用區塊鏈技術、Web3和DePIN運算資源，建立一個透明、安全、激勵相容的AI生態系統。在社群的治理下，開發者貢獻人工智慧代理，節點提供運算能力，共同目標是為使用者提供可靠的人工智慧服務。 Apus Network旨在實現人工智慧民主化，創造各方繁榮互利的場景。

CUDIS
Originating in California, CUDIS embodies the seamless fusion of AI, DePIN, wellness, and fashion. It provides accessible and rewarding wellness tracking services backed by blockchain encryption, granting users ownership of their health data and enabling them to monetize it through token rewards. Unlike traditional competitors like Oura and Whoop, which charge substantial annual fees, CUDIS has a minimal barrier of entry, allowing users to profit from the wellness ecosystem. Over the next 12-18 months, CUDIS plans to deliver over 1 million wearable DePIN products to both web2 and web3 users.

CUDIS源自加州，體現了AI、DePIN、健康和時尚的無縫融合。它提供由區塊鏈加密支援的可訪問且有益的健康追蹤服務，授予用戶對其健康數據的所有權，並使他們能夠透過代幣獎勵將其貨幣化。與 Oura 和 Whoop 等收取高額年費的傳統競爭對手不同，CUDIS 的進入門檻極低，允許用戶從健康生態系統中獲利。在未來 12-18 個月內，CUDIS 計劃向 web2 和 web3 用戶提供超過 100 萬個可穿戴 DePIN 產品。

ZestLab
Zest is creating a consumer-focused Web3-native brand with the goal of facilitating broader user participation in the Web3 movement through non-financial means. Their inaugural product, the Model323 sneaker, features a built-in Insol smart chip that tracks user exercise data. This data is then used in combination with tokenomics to reward users for their health data feedback, fostering a lightweight fitness ecosystem. Zest's long-term vision encompasses expanding their product line to encompass a range of sports products, nurturing a community-centric brand with high user engagement.

ZestLabZest 正在創建一個以消費者為中心的 Web3 原生品牌，目標是透過非金融手段促進更廣泛的用戶參與 Web3 運動。他們的首款產品 Model323 運動鞋採用內建 Insol 智慧晶片，可追蹤用戶鍛鍊數據。然後將這些數據與代幣經濟學結合使用，獎勵用戶的健康數據回饋，從而培育輕量級的健身生態系統。 Zest 的長期願景包括擴大其產品線，涵蓋一系列運動產品，培育一個以社群為中心、具有高用戶參與度的品牌。

Blade Games
Blade Games is an on-chain game studio and infrastructure provider, built around the WebAssembly and zkWASM tech stack. Games built with their zk game engine can execute game logic (c++, go, rust) inside the zkVM and settle game results as ZKP

Blade GamesBlade Games 是一家鏈上遊戲工作室和基礎設施提供商，圍繞著 WebAssembly 和 zkWASM 技術堆疊構建。使用 zk 遊戲引擎建構的遊戲可以在 zkVM 內執行遊戲邏輯（c++、go、rust）並將遊戲結果結算為 ZKP