Venom Foundation Becomes the First Crypto Foundation in the ADGM

Venom Foundation Registered as the first crypto foundation in the Abu Dhabi Global Market (ADGM) with a license to operate a blockchain and issue utility tokens. ADGM is known as a fintech oasis for investors and financial services companies around the world. The next significant step for the Venom Blockchain will be announced next month.

Venom Blockchain is equipped with asynchronous blockchain technology with dynamic sharding, making an unprecedented leap forward in the development of blockchain technology globally, bringing infinite scalability to the market and higher security guarantees through decentralization. I was.

The Venom Foundation is leading in three major directions, including critical infrastructure, inbound project support, and a developer-friendly platform, each with new solutions to solve previously existing problems in the crypto market. offers.

However, the most valuable feature for the MENA regional market is to enable major companies and enterprises to easily and safely migrate to Web3 globalization and manage total data transaction flows without being eroded by increasing fees and transaction times. technology that makes

The Venom Foundation’s main priority of developing and supporting a self-sufficient blockchain ecosystem has already yielded significant results. Non-custodial wallets with Multisig account options and Ledger support (VenomWallet mobile application and desktop browser extension), VenomScan (to keep everything transparent in access) VenomBridge (to enable cross-chain transactions to be performed at low cost and speed) ), VenomPools (for staking into Validator nodes), VenomGet (an easy gateway to Venom tokens), and Web3.World (a native decentralized exchange). Built.

Individual developers, companies, and government authorities will work with the Venom Foundation to establish NFT marketplaces, derivatives exchanges, fiat-backed stablecoins, and many other new products to drive widespread adoption of CBDCs. It has the potential to serve as a bridge to It will be adopted in the United Arab Emirates, other MENA countries and in the future globally.

Subject to relevant regulatory approvals, the Venom Foundation will work with ecosystem participants to ensure that such products are offered for complaint within the trusted and well-regulated environment of ADGM. increase.

Today, entrepreneurs in the MENA region are seen as pioneers in embracing the global crypto trend, so companies should think about the decentralized globalization of data flows for businesses, governments and social projects.

ADGM, the international financial center of Abu Dhabi, previously launched a framework to regulate spot cryptocurrency activities, including those conducted by exchanges (MTFs), custodians, and other intermediaries of ADGM. rice field.

This follows the need to mitigate any potential risks associated with cryptocurrency activity, demonstrating that security remains a top priority for market dynamics themselves. The Venom blockchain is not only an attractive project for visionaries, but there are also great industry experts involved in its development and efforts. Mustafa Kyeriba, Dr. Kai Uwe SutecWhen Ottoman Sultan By becoming a member of the Foundation, he fully supported the project’s team and provided his own and unparalleled expertise.

The Venom blockchain is claimed to be the platform that brings new and customized approaches to markets around the world.

  • Polly Harrison

    Polly is a journalist, content creator and general opinion holder from North Wales. She has contributed to many publications, usually covering topics of fintech, technology, lifestyle and body positivity for her.

Leave a Reply

Your email address will not be published. Required fields are marked *