Introducing the Venom Foundation, the new and shiny layer 0 blockchain ecosystem entering the crypto world. Venom is an ambitious project that has the potential to become a bridge for the adoption of central bank digital currencies in the Middle East & North Africa and offer real world assets as well as a range of financial services all within a decentralized finance framework.
The foundation has secured licensing from the Abu Dhabi Global Market to operate under the jurisdiction of the ADGM and the ability to issue utility tokens. This is really good news for the project and one that not many other blockchain ecosystems can share themselves in the tricky world of navigating regulation and jurisdiction in crypto. Now they are completely compliant by regulations it makes the ecosystem an attractive option for investors and financial services firms to be a part of, hence Venom now have a fund available to them of a nicely sounding tune of $1 billion.
I have not had chance to play around with its testnet yet, but you can be assured from the hype of what I am reading about this project & especially its potential for an airdrop I will be giving this a try over the weekend. Show Less
