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Abu Dhabi, United Arab Emirates, February 20, 2023, Chainwire
The Venom Foundation, the first Layer 1 blockchain sanctioned by the Abu Dhabi Global Market (ADGM), has partnered with Abu Dhabi’s global technology ecosystem, Hub71, to provide startups with enterprise-level solutions and build blocks to businesses. Simplify chain deployment.
The Venom Foundation and Hub71 collaboration will focus on accelerating the growth and adoption of blockchain technology in the Middle East and North Africa (MENA) region and beyond. The Venom Foundation will work closely with Hub71’s dedicated Web3 and digital asset specialist ecosystem, Hub71+ Digital Assets, to foster startups and companies with business development, digital asset regulation, blockchain adoption, and related technologies. We support.
The collaboration between Venom and Hub71 was put together by Iceberg Capital, a regulated investment manager based in ADGM. Iceberg Capital will further leverage its network and expertise to help parties achieve their common objectives.
Aiming to raise the industry standard for incubation, acceleration and grant programs, the Venom Foundation deploys expertise and know-how in venture capital, venture building and technology to help startups grow and scale from Hub71+ digital assets. support. Additionally, startups and established companies can benefit from successfully migrating from Web2 to Web3 using the Venom blockchain.
As part of the partnership, Venom and Hub71 will work together to bring local and international start-ups to Hub71+ Digital Assets. Joining the specialist ecosystem will allow the startup to partner and collaborate with various partners and leading he Web3 entities to accelerate the transition to disruptive blockchain technology. Startups also benefit from Hub71’s value-added programs and incentives.
Peter Knez, Chairman of the Venom Foundation’s Foundation Council, commented: We are proud to have achieved such a great collaboration here in the financial capital of Abu Dhabi. 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: Hub71+ Digital Assets brings together industry-leading experts and players, such as the Venom Foundation, to accelerate disruptive business growth and create commercialization and investment opportunities for founders. “
Startups participating in Hub71+ Digital Assets will also have access to Venom’s infinitely scalable blockchain architecture and team of highly skilled specialists to help build Web3 solutions.
Mustafa Kyeriba, Executive Chairman of Iceberg Capital, said: Iceberg leverages its expertise to help both parties achieve their common objectives. “
The Venom blockchain is an asynchronous chain that uses state-of-the-art dynamic sharding technology while maintaining decentralization, scalability, and security.
The Venom Foundation provides essential infrastructure to enable startups to grow within a regulated and scalable environment. The Foundation’s primary focus is on providing an easy and secure transition to Web3 for both private and public organizations and governments, while processing high volumes of transactions without increasing network latency or costs. Technology.
Hub71’s vibrant community is made up of over 200 start-ups operating in 20 economic sectors. Founded on the value of partnership and collaboration, Hub71 connects entrepreneurs with influential investors and companies to help grow their businesses and access global markets.
About the Venom Foundation
Venom is the first sanctioned blockchain operating under ADGM jurisdiction and has 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 scale.
A portfolio of in-house dApps and protocols are being developed on the Venom blockchain by various companies. It now has the potential to be a bridge for CBDC adoption in the Middle East, North Africa, and around the world.
For more information, see: website | | twitter
About Iceberg Capital
ICEBERG Capital Limited is regulated by the FSRA as a Prudential Category 3C investment manager under ADGM. ICEBERG Capital is a fast-growing alternative asset management firm offering a diversified investment management platform including direct investment and private equity, venture capital, technology and virtual assets. ICEBERG Capital also offers investment portfolios in domestic and international markets, financial products (equities, ETFs, commodities, derivatives, etc.), dedicated securities platforms, and traditional asset management services such as blockchain technology.
For more information on Iceberg Capital, please visit www.icebergcapital.com. website | | LinkedIn
About Hub71
Hub71 is Abu Dhabi’s global tech ecosystem, where founders provide access to global markets, a capital ecosystem, a global network of partners, and a vibrant community filled with highly skilled talent to help all Enabling the sector to build globally enduring domestic tech companies. – Thought regulation.
Backed by the Government of Abu Dhabi and Mubadala Investment Company, Hub71 will grow a vibrant community of tech start-ups, investors, government and corporate partners, ensuring investment, commercial activity and incentives from the public and private sectors. I am making it available. Through Hub71’s entrepreneurial infrastructure, value-added programs, enablement services, and support packages, founders can build and scale widely adopted technologies with purpose and impact. Hub71 is on a mission to bring a new spirit and technology to Abu Dhabi, build a globally enduring technology enterprise, and find new ways to sustain the country’s continued economic development. For more information, visit www.hub71.com and follow @Hub71AD #Hub71.
For more information, see: website | | twitter | | LinkedIn
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