Venom Foundation Partners with Hub71 to Propel the Advancement and Embrace of Blockchain Innovations from Abu Dhabi

Abu Dhabi, UAE, 20th February, 2023, Chainwire

The Venom Foundation, being the pioneering Layer-1 blockchain with licenses from the ADGM, has joined forces with Hub71, which represents Abu Dhabi's global tech hub, to offer startups robust enterprise solutions and facilitate smoother blockchain integration for various enterprises.

The partnership between Venom Foundation and Hub71 aims to accelerate the implementation and proliferation of blockchain technologies throughout the MENA region and beyond. Venom Foundation will collaborate extensively with Hub71+ Digital Assets, Hub71's dedicated sector for Web3 and Digital Assets, to assist both startups and established firms with business advancement, regulatory compliance regarding digital assets, and the adoption of blockchain innovations.

This collaboration between Venom and Hub71 was facilitated by Iceberg Capital, an investment management firm regulated under ADGM, which will utilize its extensive network and industry expertise to aid both organizations in achieving their shared goals.

With an aim to raise industry Under the guidelines for incubation, acceleration, and grant initiatives, Venom Foundation will leverage its knowledge and skills in venture capital, business development, and technology to support startups as they evolve within Hub71+ Digital Assets. Furthermore, Emerging startups as well as established corporations will have the opportunity to leverage the Venom blockchain, enabling them to transition effectively from Web2 to Web3.

As part of their collaboration, Venom and Hub71 will also work diligently to onboard both local and international startups to Hub71+. By integrating into this specialist ecosystem, these startups will have the chance to connect and collaborate with an array of partners and leading figures in the Web3 space, which will expedite their movement toward transformative blockchain solutions. Furthermore, startups will benefit from Hub71’s programs and incentives designed to add value. Digital Assets Peter Knez, the Chairman of the foundation council at Venom Foundation, remarked: \"Collaboration paves the way for unlocking the full possible of innovative technologies. We take pride in establishing this remarkable partnership in the financial epicenter of

. Through our joint efforts, we aim to foster a more connected Abu Dhabi and communities, extending from Abu Dhabi to the rest of the globe.\" future for businesses Elodie Robin Guillerm, the Head of Growth and Strategy at Hub71, stated: \"We’re thrilled to partner with Venom Foundation to assist startups in the MENA region in their development and expansion

from Abu Dhabi. By uniting leading industry experts like Venom Foundation, Hub71+ Digital Assets is accelerating the rise of groundbreaking businesses and Web3 technologies opening avenues for commercialization and investment opportunities. Startups that join Hub71+ Digital Assets will also gain insight into Venom’s infinitely scalable blockchain framework, alongside support from a team of proficient specialists ready to assist them in building their for founders.”

Mustafa Kheriba, Executive Chairman of Iceberg Capital, expressed: \"We are delighted with this promising partnership between Venom Foundation and Hub71, and we are confident that it will greatly benefit the advancement of Web3 technologies in the region. Iceberg will tap into its expertise to help both parties realize their collective ambitions. Web3 solutions . 

This blockchain employs an innovative asynchronous design that utilizes dynamic sharding technology while ensuring decentralization, scalability, and security.

The Venom blockchain Venom Foundation lays the groundwork necessary for startups to thrive within a regulated and scalable framework. The primary emphasis of the Foundation is on technological advancements in the MENA region that offer straightforward and

for both private and public entities and government agencies, while adeptly managing substantial transaction volumes without increasing network latency or costs. secure migrations to Web3 The vibrant community of Hub71 consists of over 200 startups that span 20 different economic sectors. Built on principles of partnership and cooperation, Hub71 links innovative entrepreneurs with purpose-driven investors and corporate partners, supporting them in scaling their businesses and tapping into global markets.

As the inaugural licensed blockchain under the ADGM, Venom holds the authority to issue

About Venom Foundation

. The ADGM serves as a sanctuary for investors and utility tokens business enterprises, positioning Venom as the world’s first compliant blockchain, granting authorities and businesses the liberty to build, innovate, and grow. financial services Numerous companies have created a portfolio of in-house dApps and protocols on the Venom blockchain, which now possesses the potential to

facilitate CBDC initiatives across the Middle East, North Africa, and globally. become a bridge for the adoption ICEBERG Capital Limited operates under the regulation of the FSRA as a Prudential Category 3C investment manager situated in ADGM. ICEBERG Capital is a rapidly growing alternative investment management firm that offers a diverse range of investment management platforms, including direct and private equity, venture capital, technology, and

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About Iceberg Capital

. ICEBERG Capital also provides traditional asset management services that encompass investment portfolios across local and global markets, financial instruments (including equities, ETFs, commodities, and derivatives), along with specialized platforms for securities and blockchain technology. virtual assets Visit the following link for additional details about Iceberg Capital:

Hub71 is Abu Dhabi’s global tech community, dedicated to enabling founders to build internationally resilient homegrown tech enterprises in any sector by granting access to global markets, a capital ecosystem, a broad network of partners, and a lively community rich in skilled talent, supported by forward-thinking regulations. Website LinkedIn

About Hub71

Supported by the Government of Abu Dhabi and the Mubadala Investment Company, Hub71 is expanding its dynamic community of tech startups, investors, government entities, and corporate partners to secure investment, commercial engagements, and incentives from both public and private sectors. Leveraging Hub71’s entrepreneurial infrastructure, value-added initiatives, enabling services, and support packages, founders can create and expand widely accepted technologies with profound purpose and impact. Hub71 is committed to introducing fresh minds and technologies to Abu Dhabi, exploring innovative methods to develop globally sustainable tech companies and support the nation’s continuous economic growth. For further information, please visit www.hub71.com and follow us on @Hub71AD #Hub71.

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