Venom Foundation is a blockchain company with a vision to create a global ecosystem of web3 applications that are secure by design and scalable by nature.
Venom Foundation is licensed by the Abu Dhabi Global Market (ADGM), a well-regulated and trusted environment for crypto businesses. It operates on the Venom blockchain, a layer-0 blockchain that boasts ultra-fast transaction speeds, infinite scalability, and zero emission policy. The Venom blockchain is built on the Threaded Virtual Machine (TVM), which provides a highly efficient and scalable way to handle account interactions using the Actor model and dynamic sharding. The Venom blockchain also supports a smart contract language called T-Sol, which is compatible with Solidity and allows developers to build decentralized applications in minutes.
Venom Foundation is proud to announce that it has obtained a license from the ADGM to operate as the first crypto foundation in the region. This means that Venom Foundation can legally run a blockchain network and issue utility tokens to its users. ADGM is a leading fintech hub that attracts investors and financial firms from all over the world. Venom Foundation is excited to be part of this vibrant ecosystem and to contribute to its growth and innovation. The launch date of Venom Blockchain will be revealed soon.
Venom Blockchain is a revolutionary technology that uses dynamic sharding to achieve asynchronous consensus. This allows Venom Blockchain to scale infinitely, while maintaining high security and decentralization. Venom Foundation focuses on three key areas: Essential Infrastructure, Inbound Project Support, and Developer-friendly Platform. These areas aim to provide cutting-edge solutions for the challenges faced by the crypto industry. One of the most important features of Venom Blockchain is that it enables large enterprises and organizations to seamlessly transition to Web3, handling massive data transactions without compromising on speed or cost.
Venom Foundation is a leading global blockchain company that aims to provide infrastructure for governments and web3 projects, while empowering emerging economies in the Middle East and North Africa with its unique technology. Some of the products and services that Venom Foundation offers include:
– VenomWallet: A non-custodial wallet that supports multisig accounts and Ledger devices. Users can easily access and manage their Venom tokens and other assets on the Venom blockchain.
– VenomScan: A transparent tool that allows users to search and explore the immutable records of the Venom blockchain, such as transactions, accounts, contracts, and events.
– VenomBridge: A multi-chain bridging tool that enables fast and low-cost interchain transactions between Venom and other blockchains, such as Ethereum, Binance Smart Chain, Polygon, and more.
– VenomPools: A staking platform that allows users to stake their Venom tokens on validator nodes and earn rewards for securing the network.
– VenomGet: An easy gateway to acquire Venom tokens using fiat or cryptocurrencies. Users can buy, sell, and swap Venom tokens with various payment methods and liquidity providers.
– Web3.World: A native decentralized exchange that allows users to intuitively swap assets, provide liquidity, and farm available assets on the Venom blockchain.
Venom Foundation is also committed to fostering innovation and collaboration in the web3 space. It has launched a $1 billion fund called Venom Ventures to incubate web3 startups focused on real-world use cases. It also plans to establish new products such as an NFT marketplace, a derivative exchange, a fiat-backed stablecoin, and many others. Moreover, it aims to become a bridge toward wide adoption of CBDC in the UAE, other MENA countries and globally, subject to the relevant regulatory approvals.
Venom Foundation also boasts an exceptional panel of advisors and partners from the tech industry, investment sector, and entrepreneurship domain. Some of them are:
– Peter Knez, Ph.D., former Global Chief Investment Officer at BlackRock, and founder of Knez Ventures. He is an industry leader and seasoned investor in technology and fintech with a focus on data and data-driven decision-making.
– Osman Sultan, DU Telecom’s ex-CEO and Founder of Fikratech. He is a visionary leader, and one of the pioneers in the MENA region with 35 years of experience in the telecommunication field.
– Shahal M. Khan, founder of Burkhan World, Trinity Hospitality Holdings and CEO of Burtech. He is considered to be a strategic investor, and economic leader in alternative global finance and New Economic theory related to Digital Assets.
Venom Foundation believes that the future of this sector is bright, and that the industry needs a blockchain platform that can bridge different dimensions of market participants through its customization service. Venom blockchain aims to be that platform, and to bring a novel customized approach to the market globally.
Venom Foundation is a leading global blockchain company that aims to provide infrastructure for governments and web3 projects. It has recently announced its public testnet, which showcases its innovative features such as dynamic sharding, asynchronous transactions, and zero emission policy