Venom seems like a serious next generation layer 0 as well as it's own layer 1. It is new POS blockchain that is adding several new tech upgrades under one umbrella. Which makes it a lot more scalable than Solana. It can process 100K TPS to 1M TPS and is cheaper in transaction cost($0.0002 per Tx). Multiple types of Nodes, Sharding and parallel execution helps it achieve these promises. Also they are working with T-Sol (Threaded Solidity) language which helps Solidity developers with scalability out of gate .
Venom is based in UAE and licensed there fully to operate and use it's token. It also has partnered with Iceberg Capital to create a 1Bn Venom Ventures Fund to fund web3 start ups. Please note that this fund is not exclusively for Venom but it certainly is a massive plus for it.
Team's information is not public but it's license and partnership makes it credible. Whitepaper looks very professional as well. It has gotten me excited to keep a track of it. Show Less
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