Venom Foundation and DAO Maker join hands to incubate web3 projects

Venom Foundation, the team behind a high throughput layer-1 blockchain licensed by the Abu Dhabi Global Market (ADGM), and DAO Maker, a launchpad that provides upcoming startups with growth technologies and fundraising frameworks, are joining forces.

Venom and DAOMaker partner to incubate web3 projects

In a press release on February 11, this partnership aims to incubate promising web3 projects focused on delivering solutions for real-world problems. 

In this arrangement, DAO Maker will directly contribute to developing the Venom ecosystem, helping projects launching on the scalable and interoperable blockchain grow. DAO Maker will also integrate the Venom wallet in its launchpad and support web3 projects launching on the Venom blockchain.

Following this partnership, Christoph Zaknun, the founder and CEO of DAO Maker, is now the advisor of the Venom Foundation. He brings valuable experience and insights following his involvement in helping web3 projects raise funds. 

He said:

DAO Maker is excited to partner with Venom Foundation to incubate promising Web3 startups. Our expertise in growth technologies and funding frameworks will support the development of the Venom ecosystem. I am honored to take on an advisory role within the Venom Foundation team and look forward to building the future of blockchain together.

Vetted and selected web3 projects will be incubated and accelerated through the Venom Launchpad. This partnership will leverage the Venom Foundation’s and DAO Maker’s combined experience in a collaboration spanning strategic planning, marketing, and building. 

Venom launchpad to provide resources and guidance

In the press statement, the Venom Launchpad will provide projects with resources, guidance, and networking opportunities with influential players in the crypto and blockchain scene. 

Peter Knez, the chairman of the Venom Foundation, said this collaboration with DAO Maker highlights the platform’s pioneering innovation. 

At Venom, we are dedicated to pioneering innovation in the blockchain industry. Our partnership with DAO Maker is a testament to this as we incubate promising Web3 startups and bring real-world use cases to life. We are proud to be a part of this exciting collaboration and eagerly anticipate its impact on the industry.

Venom Foundation says the contribution from DAOMaker will see more developers move the network to launch projects. 

In turn, this will accelerate the growth of its community, drawing in developers who can take advantage of its scalable network that can process over 100,000 transactions per second. 

The Venom blockchain is a network aimed at providing web3 solutions to countries in the Middle East, North Africa, and other emerging economies around the world. 

As they deliver solutions, solve real-world problems, and positively impact the world, the Venom Foundation aims to build a “vibrant community of users”.