Abu Dhabi, known for its economic strength in the oil industry, has entered the realm of blockchain technology with a team that built the Venom Blockchain for Web3 application, which recently launched worldwide.
Over 20 Projects Ready To Launch On Venom Blockchain
The Layer 0 (L0) Venom blockchain differentiates itself with an infrastructure capable of processing 100,000 transactions per second while maintaining a low average transaction fee of $0.0002, according to its website.
Since its inception, the Venom Blockchain has experienced significant growth, with a market capitalization surpassing $5.2 billion and a trading volume exceeding $200 million, underlining the confidence investors have placed in the project.
Moreover, within a mere 24 hours of its launch, Venom garnered a user base of over one million, indicating strong appeal among developers and investors seeking to leverage the platform’s infrastructure for web3 product development.
The platform has attracted
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