Abu Dhabi, UAE, February 20, 2023, Chainwire
Venom Foundation, the first layer 1 blockchain licensed from Abu Dhabi Global Market (ADGM), has partnered with Hub71, Abu Dhabi’s global technology ecosystem, to provide startups with enterprise-grade solutions and simplify the process. blockchain adoption for businesses.
The collaboration between Venom Foundation and Hub71 will focus on accelerating the growth and adoption of blockchain technologies in the Middle East and North Africa (MENA) region and beyond. Venom Foundation will work closely with Hub71+ Digital Assets, Hub71’s specialized Web3 and Digital Assets ecosystem, to help startups as well as enterprises with business development, digital asset regulation, blockchain adoption and technologies associated.
The Venom-Hub71 collaboration has been brought together by ADGM-based regulated investment manager Iceberg Capital, which will further leverage its network and expertise to help the parties achieve their common goals.
In an effort to elevate industry standards for incubation, accelerator, and grant programs, Venom Foundation will deploy its expertise and know-how in venture capital, venture capital building, and technology to help startups grow and scale from Hub71+ Digital Assets. Additionally, startups and established companies will benefit from using the Venom blockchain to successfully transition from Web2 to Web3.
As part of this partnership, Venom and Hub71 will also work together to onboard local and international startups to Hub71+ Digital Assets. By joining the specialized ecosystem, startups will be able to engage and collaborate with a wide range of leading Web3 partners and entities to accelerate the transition to disruptive blockchain technologies. Startups will also benefit from Hub71’s value-added programs and incentives.
Peter Knez, Chairman of the Venom Foundation Board of Trustees, said, “Collaboration is the key to unlocking the full potential of emerging technologies. We are proud to have concluded such a great collaboration, here in the financial heart of Abu Dhabi. By working together, we can build a better future for businesses and communities, from Abu Dhabi to the world. »
Elodie Robin Guillerm, Head of Growth and Strategy at Hub71, said, “We are delighted to partner with the Venom Foundation to help startups in the MENA region develop and scale Web3 technologies from Abu Dhabi. By bringing together leading experts and industry players such as Venom Foundation, Hub71+ Digital Assets accelerates the growth of disruptive companies and creates commercialization and investment opportunities for founders.
Startups onboarded to Hub71+ Digital Assets will also have access to Venom’s infinitely scalable blockchain architecture and a team of highly skilled specialists to help them build their Web3 solutions.
Mustafa Kheriba, Executive Chairman of Iceberg Capital, said, “We are delighted with this promising partnership between Venom Foundation and Hub71 and we are convinced that this partnership will be very beneficial for the development of Web3 technologies throughout the region. Iceberg will use its expertise to help both parties achieve their common goals.”
The Venom blockchain is an asynchronous chain that uses state-of-the-art dynamic sharing technology while maintaining decentralization, scalability, and security.
Venom Foundation provides the essential infrastructure that allows startups to grow in a regulated and scalable environment. The Foundation primarily focuses on technologies from the MENA region that enable easy and secure migrations to Web3 for private and public organizations and governments, while handling massive transaction volumes without increasing latency or network costs.
Hub71’s vibrant community consists of more than 200 startups operating in 20 economic sectors. Built on the values of partnership and collaboration, Hub71 connects entrepreneurs with impact-driven investors and companies and helps them scale their businesses and access global markets.
About the Venom Foundation
Venom is the first licensed blockchain operating under ADGM jurisdiction, with a license to issue utility tokens. ADGM is an oasis for investors and financial services firms, positioning Venom as the world’s first compliant blockchain, giving authorities and businesses the freedom to build, innovate and scale.
A portfolio of internal dApps and protocols has been developed on the Venom blockchain by various companies. It now holds the potential to become a bridge for the adoption of CBDCs in the Middle East, North Africa and globally.
For more information visit: Website | Twitter
About Iceberg Capital
ICEBERG Capital Limited is regulated by the FSRA as a category 3C prudential investment manager based at ADGM. ICEBERG Capital is a fast-growing alternative asset management firm that provides diversified investment management platforms including direct and private equity, venture capital, technology and virtual assets. ICEBERG Capital also offers traditional asset management services such as investment portfolios in local and international markets, financial instruments (equities, ETFs, commodities, derivatives, etc.), as well as specialized platforms for securities and blockchain technology.
For more information on Iceberg Capital, visit: Website | LinkedIn
About Hub71
Hub71 is Abu Dhabi’s global tech ecosystem that empowers founders to build sustainable local tech businesses in any industry by providing access to global markets, a capital ecosystem, a global partner network and a vibrant community filled with highly skilled talent, governed by -regulation of thought.
Backed by the Government of Abu Dhabi and Mubadala Investment Company, Hub71 is growing its vibrant community of tech startups, investors, governments and business partners to ensure the availability of public and private sector investment, business activity and incentives . Through Hub71’s entrepreneurial infrastructure, value-added programs, enabling services, and support packages, founders can build and scale widely adopted technologies with purpose and impact. Hub71 is on a mission to bring new minds and technologies to Abu Dhabi, finding new ways to build sustainable technology businesses globally and support the country’s continued economic development. For more information, visit www.hub71.com and follow us @Hub71AD #Hub71.
For more information visit: Website | Twitter | LinkedIn
Contact
Adam Newton
pr@venom.ventures
