风险投资公司的牛市导航者：揭晓 Foresight X 的孵化器瑰宝

随着市场从熊市过渡到牛市，流动性激增，带来投资机会。风险投资公司善于识别市场情绪的变化，能够先于其他人抓住机会，将自己定位于有前景的行业和项目。跟踪 Foresight Ventures 等著名风险投资公司的项目分配，可以深入了解潜在的增长和投资领域。 Foresight Ventures 的加速器 Foresight X 在其三个队列中挑选了 17 个跨不同领域的项目，包括 DePIN、AI 和 BTC L2。这些选定的项目有望在 2024 年引领潮流，并为投资者提供有前途的机会。

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

与风投一起驾驭牛市：探索 Foresight X 的孵化器项目

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.

在任何市场从熊市到牛市的转变中，流动性的激增都会给投资者带来大幅收益的诱人前景。然而，在这个关键时期确定最有利可图的投资可能是一项艰巨的任务。从历史上看，风险投资家（VC）表现出了部署“反周期”策略、巧妙地洞察情绪变化并利用领先机会的技巧。他们利用市场洞察力和孵化资源，定位自己以获取牛市财富效应的早期回报。

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 年是关键的一年，见证了一系列概念的崛起，包括比特币生态系统、Solana 生态系统、LSD 协议、模块化和重新抵押。其中许多，例如 Ordinals 推动的围绕 BTC Layer 2 基础设施的热潮以及 SEI 和 TIA 等模块化项目的卓越表现，都是领先风险投资公司战略性进行的早期投资。

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.

对于普通投资者来说，跟踪著名风险投资公司的项目分配提供了宝贵的指导。他们的投资组合代表了通过严格的研究和行业专业知识精心挑选的“优质种子投资者”的集合。 VC的业绩越出色，对于寻求市场机会的普通投资者来说，潜在的参考价值就越大。

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.

在近两年的行业洗牌中，Foresight Ventures成为了新一代加密VC的代表。 Foresight Ventures以其逆向大规模定位而闻名，投资组合涵盖人工智能、DePIN、BTC L2、数据、链上机器学习模型和LSD等多个领域，体现了其对投资机会的敏锐敏感度和识别新兴热点的能力。

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，我们深入探讨了知名风投公司对 2024 年 Web3 新兴叙事的投资倾向。这一探索基于对 Foresight Ventures 加速器部门 Foresight X 在过去一年孵化的项目的细致分析。通过审查这些项目，我们的目标是发现潜在的“种子玩家”，他们有望塑造 Web3 格局并引领 2024 年的发展。

Foresight X's Three-Phase Incubator Program

Foresight X 的三相孵化器计划

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 是更广泛的 Foresight 投资生态系统中的旗舰加速器计划，在过去一年中总共推出了三个同类加速器，为高潜力项目投资了总计 3000 万美元。

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.

第一阶段：于 2023 年 3 月结束，该批次选择了 7 个项目。第二阶段：于 2023 年 10 月完成，该批次选择了 4 个项目。第三阶段：于 2024 年 3 月成功结束，该批次选择了 6 个项目。

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.

这些选定的项目涵盖各个领域，包括DePIN、AI、BTC L2、数据、链上ML模型、RGB、ORDI、Taproot Assets、BitVM、BTC侧链、BTCFi、区块链游戏、创作者经济、SocialFi、DID、 ZK dapps、代币化的现实世界资产、隐私轨道和其他 Web3 领域。值得注意的是，许多项目融合了多种叙事，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:

除了在整个周期内获得 Foresight X 专业的一对一加速服务外，选定的项目还可以获得全面的资源：

• 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

技术支持品牌营销代币经济学运营上市公司管理人才培养法律法规全流程、全链条、全方位支持，协助项目发展Foresight X Cohort Accelerators 知名项目

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 是一个与价格无关的借贷平台，旨在支持质押和重新质押资产。它使用户能够参与多样化的借贷市场，从杠杆质押收益率到积分乘数池等等。通过在 DeFi 中引入基于质押的机制，ION 增强了借贷体验，使用户能够在最小化风险的同时实现收益最大化。

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 平台上的专注于 HealthFi 的生活方式应用程序，旨在激励用户拥抱健康的生活方式。它提供针对个人睡眠模式的个性化睡眠建议，旨在随着时间的推移培养健康的睡眠习惯。

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 协议ORA 是可验证的 Oracle 协议，它将人工智能和复杂计算的力量带到链上。其两个主要产品AI Oracle（OAO）和zkOracle能够实现人工智能与链上复杂历史数据的集成。 ORA通过提供更丰富的数据源和计算能力，打破智能合约的限制，赋能开发者自由创新。

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，旨在为大规模 Web2 游戏玩家和多元化的 Web3 用户社区提供身临其境的游戏体验。

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 是一个基于 TON 区块链构建的创新平台，致力于彻底改变加密货币领域项目的启动和支持方式。它为代币发行、社区参与和项目发展提供了一个全面的生态系统。 TonUP 致力于识别和培育有前途的项目，为更广泛的社区带来令人兴奋的机会。

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正在构建一个专为大规模DApp量身定制的可编程、模块化和可扩展的数据网络，为DePIN和GenAI提供强大支持。它为去中心化应用程序提供数据可用性（DA），使它们能够利用由数据兼容性（DC）支持的去中心化数据库（DB）。 Glacier推出GlacierDA是为了满足GenAI和DePIN执行状态的链下验证和计算的需求。它提供了一个以数据为中心的可编程区块链，可在 Arweave、Filecoin 和 BNB Greenfield 之上使用 GlacierDB 和 LLM VectorDB 无缝管理数据集。

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 是适用于所有 LSD 的超流动协议。它优化了流动性质押衍生品（LSD）资产的财务价值，解决了流动性有限和缺乏多样化金融场景阻碍其与各种 DeFi 协议连接的问题。 ETHx是LSDx推出的第一个流动性池。用户可以通过质押 ETH、stETH 和 sfrxETH 来订阅 ETHx，方便通过 ETHx 实现不同 LSD 代币的即时切换，滑点较低。 LSD 持有者受益于更高的年利率、更好的流动性和更分散的风险。

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 的战略衍生产品，将自己定位为比特币生态系统中的关键加密桥梁。其平台可以实现跨比特币、比特币 L2（例如 Stacks）和 EVM 之间的资产顺利转移。作为用户进入比特币领域的门户，XLink 致力于改变原生 DeFi 体验。它积极建立合作伙伴关系并与顶级 BTC Layer2 集成，旨在增强流动性和无缝资产交易。

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是一个多功能平台，允许用户在比特币第2层上登记、交易和桥接BTC资产。通过UniCross，用户可以直接在比特币上铸造第1层BRC-20代币（包括ARC-20、BRC-4​​20等）第 2 层。UniCross 为用户提供使用各种区块链资产（例如 BRC-20、BTC 和 ETH）进行支付的灵活性。在铸造 BTC 资产后，用户会收到 stToken，可以在 UniCross Marketplace 上进行交易或兑换为 Layer 2 ERC-20 代币。

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 是一种在比特币 Layer1 网络上运行的无需信任的借贷协议。它使用户能够利用比特币铭文资产（包括序数、符文、原子、邮票等）作为抵押品来获得贷款。贷款以合成比特币资产 $BTCx 的形式发放，由壳牌金融发行。从本质上讲，壳牌金融允许用户在不出售资产的情况下利用其资产并释放流动性。本月，壳牌金融将推出名为 Darkman 的 NFT 系列，并附带其代币流动性挖矿机制。

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是一个去中心化的AI Agents DePIN项目，利用区块链技术、Web3和DePIN计算资源，建立一个透明、安全、激励兼容的AI生态系统。在社区的治理下，开发者贡献人工智能代理，节点提供计算能力，共同目标是为用户提供可靠的人工智能服务。 Apus Network旨在实现人工智能民主化，创造各方繁荣互利的场景。

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，体现了AI、DePIN、健康和时尚的无缝融合。它提供由区块链加密支持的可访问且有益的健康跟踪服务，授予用户对其健康数据的所有权，并使他们能够通过代币奖励将其货币化。与 Oura 和 Whoop 等收取高额年费的传统竞争对手不同，CUDIS 的进入门槛极低，允许用户从健康生态系统中获利。在未来 12-18 个月内，CUDIS 计划向 web2 和 web3 用户提供超过 100 万个可穿戴 DePIN 产品。

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 正在创建一个以消费者为中心的 Web3 原生品牌，目标是通过非金融手段促进更广泛的用户参与 Web3 运动。他们的首款产品 Model323 运动鞋采用内置 Insol 智能芯片，可跟踪用户锻炼数据。然后将这些数据与代币经济学结合使用，奖励用户的健康数据反馈，从而培育轻量级的健身生态系统。 Zest 的长期愿景包括扩大其产品线，涵盖一系列运动产品，培育一个以社区为中心、具有高用户参与度的品牌。

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 是一家链上游戏工作室和基础设施提供商，围绕 WebAssembly 和 zkWASM 技术堆栈构建。使用 zk 游戏引擎构建的游戏可以在 zkVM 内执行游戏逻辑（c++、go、rust）并将游戏结果结算为 ZKP