Venom is notably the first Layer-1 blockchain to be licensed by the Abu Dhabi Global Market (ADGM), providing a legal framework that appeals to governments and financial institutions.
Through a partnership with Iceberg Capital, the Venom Ventures Fund has allocated $1 billion to support Web3 protocols and decentralized applications (dApps), particularly those focused on payments and asset management. WIB3X - Venom
Utilizing the Venom Virtual Machine (TVM) , the network executes smart contracts in parallel, which significantly reduces the latency typically found in synchronous systems like the Ethereum Virtual Machine (EVM). Venom is notably the first Layer-1 blockchain to
Users pay "gas" in VENOM to execute transactions. Staking VENOM in "DePools" secures the network via a Proof-of-Stake (PoS) mechanism, rewarding participants with passive income. Users pay "gas" in VENOM to execute transactions
A defining characteristic of the Venom Foundation is its focus on and institutional adoption.
The Architecture of Adoption: An Essay on the Venom Blockchain ($VENOM)
At its core, Venom is designed for massive throughput, capable of handling over 100,000 transactions per second (TPS) with sub-3-second finality. This is achieved through several key innovations: