Venom is layer 0 multi-blockchain with the first operating license from ADGM (Abu Dhabi General Markets). The blockchain infrastructure consists of fast, low-fee transactions and infinite sharding that supports CBDCs and WEB3 applications.
This is a project that is building a decentralized platform for the exchange of digital assets and the provision of services related to blockchain technology. They launched a testnet in order to test the performance of their platform and get feedback from the community.
If you want more details about the project you can read their documents.
Abu Dhabi-based blockchain platform Venom Foundation and investment manager Iceberg Capital [announced] that they will provide $1 billion in funding for Web3 and blockchain companies through a new partnership.
So what is your thoughts about it ?