Press release. ABU DHABI, UAE, 20 FEBRUARY 2023 – Venom Foundation, the first Layer-1 blockchain to be licensed by Abu Dhabi Global Market (ADGM), has partnered with Hub71, Abu Dhabi’s global technology ecosystem, to provide startups with enterprise-grade solutions and simplify business-to-zone Blockchain adoption.
Collaboration between Venom Foundation and Hub71 will focus on accelerated growth Adoption of blockchain technology in the Middle East and North Africa (MENA) region and beyond. Venom Foundation will work closely with Hub71+ Digital Assets, Hub71’s dedicated Web3 and digital asset expert ecosystem, to help startups and enterprises with business development, digital asset regulation, blockchain adoption and related technologies.
The Venom-Hub71 collaboration was brought together by ADGM-based regulated investment management firm Iceberg Capital, which will further leverage its network and expertise to help all parties achieve their shared goals.
To raise the industry standard for incubation, acceleration and grant programs, the Venom Foundation will deploy its expertise and expertise in venture capital, venture building and technology to support startups to grow and scale from Hub71+ digital assets. Additionally, startups and established businesses will be able to benefit from the use of the Venom blockchain to successfully transition from Web2 to Web3.
As part of the partnership, Venom and Hub71 will also work together to include local and international startups in the Hub71+ digital asset. By joining the professional ecosystem, startups will be able to interact and collaborate with various partners and leading Web3 entities to accelerate the transition to disruptive blockchain technology. Startups will also benefit from Hub71’s value-added programs and incentives.
Peter Knez, Chair of the Venom Foundation Foundation Council, commented: “Collaboration is key to unlocking the full potential of emerging technologies. We are proud to have such a great collaboration in the financial hub of Abu Dhabi. Working together, we can build a better future for businesses and communities from Abu Dhabi to the world future.”
Elodie Robin Guillerm, Head of Growth and Strategy at Hub71, said: “We are pleased to be Partnering with the Venom Foundation to help MENA startups develop and scale Web3 technologies in Abu Dhabi. By bringing together leading industry experts and players like Venom Foundation, Hub71+ Digital Assets is accelerating the growth of disruptive businesses and creating commercialization and investment opportunities for founders. “
Startups joining Hub71+ Digital Assets will also gain access to Venom’s infinitely scalable blockchain architecture and a team of highly skilled experts to help them build Web3 solutions.
Mustafa Kheriba, Executive Chairman of Iceberg Capital, said: “We are delighted with this promising partnership between the Venom Foundation and Hub71, which we believe will be very beneficial for the development of Web3 technologies across the region. Iceberg will use its expertise to help both parties achieve their shared goals. “
The Venom blockchain is an asynchronous chain that uses state-of-the-art dynamic sharding technology while maintaining decentralization, scalability, and security. Venom Foundation provides the necessary infrastructure to enable startups to grow in a regulated and scalable environment. The foundation’s main focus is MENA technologies that can provide private and public organizations, as well as governments, with an easy and secure migration to Web3, while also processing high volume transactions without increasing network latency or costs.
Hub71’s vibrant community consists of more than 200 startups in more than 20 economic sectors. Built on the values of partnership and collaboration, Hub71 connects entrepreneurs with influential investors and businesses and supports them in scaling their businesses And enter the global market.
About the Venom Foundation
venom was first Licensed A blockchain operating under ADGM with a license to issue utility tokens. ADGM is an oasis for investors and financial services companies, positioning Venom as the world’s first compliant blockchain, giving authorities and businesses the freedom to build, innovate and expand.
Various companies have developed a series of internal dApps and protocols on the Venom blockchain. It now has the potential to be a bridge to CBDC adoption in the Middle East, North Africa and globally.
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About Bingberg Capital
ICEBERG Capital Limited is regulated by FSRA and is a Prudential 3C investment manager located in ADGM. ICEBERG Capital is a fast-growing alternative asset management firm offering a diversified investment management platform, including direct and private equity, venture capital, technology and virtual assets. ICEBERG Capital also provides traditional asset management services, such as investment portfolios in local and international markets, financial instruments (stocks, ETFs, commodities, derivatives, etc.), as well as professional platforms for securities and blockchain technology.
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Hub71 is Abu Dhabi’s global tech ecosystem, enabling founders to build globally durable homegrown tech in any sector by providing access to global markets, an ecosystem of capital, a global network of partners, and a vibrant community of highly skilled talent Company, regulated by forward-looking management-thinking.
With the support of the Government of Abu Dhabi and Mubadala Investment Company, Hub71 is growing its vibrant community of tech start-ups, investors, government and corporate partners to secure public and private sector investment, business activity and incentives Availability of measures.Through Hub71’s startup infrastructure, value-added programs, support services and support packages, founders can build and scale widely adopted technologies purpose and impact. Hub71’s mission is to bring new ideas and technologies to Abu Dhabi, finding new ways to build enduring global technology companies and sustain the country’s continued economic development.For more information, please visit www.hub71.com Follow us @Hub71AD #Hub71.
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