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The Venom blockchain ecosystem continues to make waves in the cryptocurrency ecosystem. As the world’s first ABGM-licensed blockchain, it now teams up with the DAO Maker team. Together, these entities will establish the Venom Launchpad to fuel future growth for Web3 startups.
Venom Blockchain Is Off To A Good Start
There is no shortage of blockchains and layers built on top of existing systems. Whether builders prefer a Layer-1 like Ethereum or a Layer-2 solution like Optimism, every network offers something unique. However, Venom blockchain is a different breed, as it prioritizes licensing and regulation.
It is the first layer-1 blockchain licensed by the Abu Dhabi Global Market and acquired the necessary licensing to issue utility tokens. Abu Dhabi aims to become the next major hub of financial innovation, and recognizing the first compliant blockchain fits that narrative well.
In addition to its compliant status, Venom is home to various decentralized applications and protocols. Those tools set the network up to become a global bridge for adopting central bank digital currencies. Partnering with DAO Maker to establish a new incubator for aspiring Web3 projects is the next step in Venom’s long-term plan.
Peter Knez, Chair of the foundation council at Venom Foundation, explains:
“At Venom, we are dedicated to pioneering innovation in the blockchain industry. Our partnership with DAO Maker is a testament to this as we incubate promising Web3 startups and bring real-world use cases to life. We are proud to be a part of this exciting collaboration and eagerly anticipate its impact on the industry.”
The partnership with DAO Maker will prove crucial in enabling Web3 projects and builders an opportunity to take their ideas to new heights. That includes providing the necessary resources, guidance, and a tried-and-tested way of raising capital. In addition, teams can gain help with strategic planning and brand building to gain initial traction and continually grow their communities.
DAO Maker Integrates Venom Technology
Another facet of this collaborative effort is integrating the Venom blockchain and Wallet into DAO Maker’s Launchpad. That Launchpad has helped over 100 startups secure funding over the years. The platform is appreciated by a global and diversified audience, enabling it to bring more attention to the Venom ecosystem.
DAO Maker CAO Christoph Zaknum, who founded the project, will also become an Advisor to the Venom Foundation. Christoph has ample expertise in fundraising, which will prove invaluable to Venom and the projects building on this technology. DAO Maker is renowned for its authentic funding frameworks and for reducing investor risks, two aspects that will enhance the new Venom Launchpad.
Venom and DAO Maker share a commitment to innovation. Web3 projects and technology is the next frontier to conquer. Their partnership embodies the tireless dedication to helping aspiring projects reach their full potential in the broader blockchain industry.
