Venom Foundation, based in the Cayman Islands, operating as a Layer-0 and 1 blockchain using proof of stake (PoS) consensus, is widely growing and expanding to more exchanges and integrating more platforms. As a result of recent efforts, the network’s VENOM token was listed on OKX on March 22 for spot trading.
Designed for the development of a wide array of products, bridging the gap between governmental applications and traditional Web3 projects with its sophisticated Mesh network architecture, Venom has prepared the floor for over 20 projects to debut on the platform, demonstrating developers’ trust in its robust infrastructure. Additionally, several stablecoin initiatives are already under discussion in various countries.
Commenting on the news, the CEO of Venom Foundation, Christopher Louis Tsu stated:
Emerging markets and developing economies need blockchain the most and are ready to adopt, they see the opportunity to leapfrog with technology and bring their economies to a better place
The foundation stated that its architecture was designed for mass scalability and constant efficiency, positioning Venom as a key facilitator in the adoption of blockchain technology across diverse sectors at a sovereign level.
Notably, this includes government initiatives for the tokenization of real-world assets such as natural resources and precious metals and also applications like carbon credits, stablecoins, and Central Bank Digital Currencies (CBDCs). Additionally, Venom’s ecosystem is thriving with multiple projects under development and 25 decentralized applications (dApps) already fully functional.
Additionally, the Venom Foundation has announced an upcoming collaboration with Wintermute, a liquidity provider and go-to Over-the-Counter (OTC) desk. According to Venom’s X post, this partnership is poised to offer a smoother experience for users and solidify its position in the blockchain ecosystem.
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