The Venom Testnet is now live, welcoming users of Web 3.0! Join us in refining our seamless platform by testing the network and earning exclusive NFT badges.
Venom Foundation, an Abu Dhabi-based blockchain company licensed by UAE's ADGM, is behind this cutting-edge technology. Their mission is to empower emerging economies in the Middle East and North Africa with infrastructure for governments and web3 projects. They have recently launched a $1B fund for Web3, blockchain, and crypto projects, as reported by Cointelegraph.
The Venom Blockchain is a Layer 0 multi-blockchain system that uses dynamic sharding for efficient computation processing. The Masterchain manages network configuration, Workchains are specialized blockchains for specific applications, Basechain supports ÐApps and executes smart contracts, and Shardchains are processing units that adjust based on load. $VENOM is the native currency for the network, used for transaction fees and validator support through DePools staking.
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About Venom – Testnet
The Venom Testnet is now live, inviting users from the Web 3.0 community to join in refining the platform by participating in network testing. By doing so, users can earn exclusive NFT badges and have a chance to win prizes from the prize pool. ADGM is dedicated to developing an infinitely scalable blockchain with advanced technology that prioritizes security and efficient transaction management. Their goal is to support emerging economies in the Middle East and North Africa by providing infrastructure for governments and web3 projects. Recently, ADGM launched a $1B fund for Web3, blockchain, and crypto projects, as reported by Cointelegraph. VENOM, the native currency of the Venom network, is used for practical purposes such as paying transaction fees and supporting validators through DePools staking.
Step-by-step guide
Missing airdrop steps
Disclaimer: This content is for educational and informational purposes only and does not constitute financial advice. Conduct thorough research before making any deposit/investment decisions (DYOR).
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