• Venom Foundation has surpassed one million registered wallets in record time since the launch of its testnet.
• The substantial growth is due to its innovative technology, rigorous regulatory compliance and user-friendly environment.
• The milestone achievement signifies the increasing public trust in Venom and the recognition of the immense potential of blockchain technology.
Venom Surpasses One Million Registered Wallets
The Venom Foundation has achieved a major milestone – surpassing one million registered wallets in record time since the launch of their testnet on April 26th, 2023. This rapid growth is attributed to their innovative technology, rigorous regulatory compliance and secure, user-friendly platform which caters to a diverse base of users.
Surge in Transactions & NFTs
In June alone, Venom recorded an impressive 277 million transactions – representing a 46% increase from the previous month – as well as a 65% surge in accounts with smart contracts and a 93% rise in minted NFTs as part of on-chain/social tasks (now standing at 5.8 million).
Regulatory Compliance & Strategic Partnerships
Venom’s commitment to research and development, transparency and strategic partnerships has positioned them at the forefront of blockchain adoption within regulated markets. As testament to their dedication to international laws and stringent governance standards, they are also first blockchain organization granted a license by ADGM (Abu Dhabi Global Market).
Public Trust & Potential of Blockchain Technology
The landmark accomplishment highlights not only public trust in Venom but also serves as recognition for the immense potential that blockchain technology holds for creating efficient alternatives traditional financial systems that prioritize transparency and security.
Acting CTO & CEO Comments
Christopher Louis Tsu, acting CTO & CEO of Venom Foundation commented “Frankly speaking, it took me completely by surprise…Can you imagine opening a new shop in town, drawing the curtains back and seeing quarter of a million people lined up outside your door?”