- Venom Foundation and Hub71 will collaborate under the jurisdiction of Abu Dhabi Global Market (ADGM).
- The partnership aims to accelerate the growth and adoption of blockchain technology.
- Local and international startups will benefit from the Venom-Hub71 partnership.
Venom Foundation, the first Layer-1 blockchain licensed by Abu Dhabi Global Market (ADGM), has announced its collaboration with Hub71, Abu Dhabi’s global tech ecosystem, to provide startups with enterprise-grade solutions and simplify blockchain adoption for businesses.
On Monday, Venom Foundation made public its partnership with Hub 71+ Digital Assets, Hub 71’s dedicated Web 3 and Digital Assets specialist ecosystem, in Abu Dhabi. The team confirmed that this partnership will focus on accelerating the growth and adoption of blockchain technologies in the Middle East and North Africa (MENA) region.
Furthermore, the Venom-Hub71 partnership will also onboard local and international startups to Hub71+ Digital Assets. It was explained that by joining the specialist ecosystem, startups will be able to engage and collaborate with a diverse range of partners.
Startups will also be able to transition from Web2 to Web3 successfully. The collab assures that startups will benefit from Hub71’s value-add programs and incentives. Proud to have struck a great collaboration, Peter Knez, Chairman of the foundation council at Venom Foundation, commented:
Collaboration is the key to unlocking the full potential of emerging technologies. By working together, we can build a better future for businesses and communities, from the financial heart of Abu Dhabi to the world.
Additionally, Venom Foundation will deploy its expertise and know-how in venture capital, venture building, and technology to support startups to grow and scale from Hub71+ Digital Assets.
Expressing his excitement about the collab, Elodie Robin Guillerm, Head of Growth and Strategy at Hub71, said:
By bringing together leading industry experts and players such as Venom Foundation, Hub71+ Digital Assets is accelerating the growth of disruptive businesses, creating commercialization, and investment opportunities for founders.
The Venom-Hub71 collaboration was brought together by Iceberg Capital, the regulated investment manager based in ADGM. Pleased with this promising partnership, Mustafa Kheriba, the Executive Chairman of Iceberg Capital ensures, “Iceberg will leverage its expertise in helping both parties achieve their shared objectives.”