Venom Foundation and Hub71 are elated to announce their newly formed partnership to provide startups with enterprise-grade solutions and simplify businesses’ adoption of blockchain technology.
According to the companies, this partnership will focus on accelerating the growth and adoption of blockchain in the Middle East and North Africa (MENA) regions. Through the partnership, Venom will work closely with Hub71+ Digital Assets, a dedicated Web3, and digital assets specialist ecosystem. Venom Foundation will use its know-how in venture capital, expertise, venture building, and technology to support the startups. These startups will benefit from using the Venom blockchain to transition from Web2 to Web3. The startups will also get help from Venom’s highly skilled specialists, who will help them build their Web3 solutions.
Commenting on the partnership, Peter Knez, Chairman of the foundation council at Venom Foundation, stated:
“Collaboration is the key to unlocking the full potential of emerging technologies. We are proud to have struck such a great collaboration here in the financial heart of Abu Dhabi. By working together, we can build a better future for businesses and communities, from Abu Dhabi to the world.”
The two will also help startups with business development, blockchain adoption, digital asset regulation, and other related technologies. In addition, startups will reap numerous benefits from Hub71’s value programs and incentives. The initiative will be open to both local and international startups. After joining the specialist ecosystem, startups will also be able to collaborate with a diverse range of partners and leading Web3 entities.
Notably, the partnership between Venom and Hub71 was brought together by Iceberg Capital, a regulated investments manager based in ADGM. Iceberg will reportedly use its resource and expertise to ensure both parties reach their shared objectives.
Also speaking on the project, Elodie Robin Guillerm, Head of Growth and Strategy at Hub71, explained:
“We are excited to be collaborating with Venom Foundation to help startups in the MENA region develop and scale Web3 technologies from Abu Dhabi. By bringing together leading industry experts and players such as Venom Foundation, Hub71+ Digital Assets is accelerating the growth of disruptive businesses and creating commercialization and investment opportunities for founders.”
Venom Foundation is a layer one blockchain that uses a state-of-the-art dynamic sharding technology, maintaining decentralization, security, and scalability. Venom is the first layer one blockchain licensed by Abu Dhabi Global Market.
Hub71 is a global tech ecosystem based in Abu Dhabi created to enable founders to build globally enduring but homegrown tech companies. Hub71 has successfully provided its clients access to global markets, a global network of partners, a capital ecosystem, and a vibrant community. The Hub71 community consists of over 2000 startups that operate in 20 economic sectors.