Venom Foundation and Hub71 Partner to Accelerate Growth and Adoption of Blockchain Technologies from Abu Dhabi

Venom Foundation, the first Layer-1 blockchain licensed by Abu Dhabi Global Market (ADGM), has teamed up with Hub71, Abu Dhabi’s global tech ecosystem, to provide startups with enterprise-grade solutions and simplify 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 dedicated Web3 and Digital Assets specialist ecosystem, to help startups as well as enterprises with business development, digital asset regulation, blockchain adoption, and related technologies.

The Venom-Hub71 collaboration was brought together by Iceberg Capital, the regulated investment manager based in ADGM which will further leverage its network and expertise to assist the parties in reaching their common objectives.

With an aim to raise industry standards for incubation, acceleration, and grant programs, Venom Foundation will deploy its expertise and know-how 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 onboard local and international startups to Hub71+ Digital Assets. By joining the specialist ecosystem, startups will be able to engage and collaborate with a diverse range of partners and leading Web3 entities to accelerate the transition toward disruptive blockchain technologies. Startups will also benefit from Hub71’s value-add programs and incentives.

The Venom blockchain is an asynchronous chain that uses a state-of-the art dynamic sharding technology while maintaining decentralization, scalability, and security. Venom Foundation provides the essential infrastructure that enables startups to grow within a regulated and scalable environment. The Foundation’s primary focus is on technologies in the MENA region that provides easy and secure migrations to Web3 for both private and public organizations and governments, while also handling massive transaction volumes with no increase in network latency or costs.

Hub71’s vibrant community consists of over 200 startups operating in 20 economic sectors. Founded on the values of partnership and collaboration, Hub71 connects entrepreneurs with impact-driven investors and corporates and supports them with scaling their businesses and accessing global markets.