Venom Foundation Announces the Release of its Public Testnet

Hoan-My -

Abu Dhabi, Abu Dhabi, April 25th, 2023, Chainwire

Today, Venom, a Layer-1 blockchain that operates out of the Abu Dhabi Global Market (ADGM), announced that its public testnet is officially live. The milestone marks a significant accomplishment in Venom's roadmap as it prepares to launch on mainnet. Along with the testnet launch, Venom has unveiled a host of in-house developed decentralized applications as part of its growing ecosystem.

The testnet design suits both ecosystem users and developers. It enables developers to test and debug dApps and blockchain protocols while allowing users to experience these dApps firsthand. The program aims to encourage innovation and community building within the ecosystem.

Developers and users can try out the testnet in two simple steps. First, download the Venom Wallet on mobile via the Apple App Store, Google Play Store, or desktop as a Google Chrome extension. Secondly, users can jumpstart their journey of testing the Venom ecosystem by claiming a free testnet allocation.

"We're excited to announce the launch of Venom's public testnet, a crucial step towards our upcoming mainnet launch. With our highly scalable and reliable asynchronous blockchain, we're confident that developers can build innovative dApps. At the same time, users will be able to experience them firsthand," said Peter Knez, Chair of the Venom Foundation Council.

Developers will be able to try their hand at building on the asynchronous Venom blockchain, which boasts ultra-fast speed at 100k TPS and a dynamic sharding feature that enhances scalability and network reliability. To kick things off, Venom has curated a repository of developer documentation to equip developers with the necessary tools and knowledge to start building.

Venom's network boosts interoperability, making it a viable tool for developers, while its low transaction fees make it user-friendly for global adoption.

A host of dApps debut on the testnet

Several dApps are to make their debut on Venom testnet. Users can test them by performing transactions, testing the native Venom wallet, and more.

  1. Venom Wallet
  2. Venom Scan
  3. VenomPools
  4. Venom Bridge
  5. Venom Stake
  6. Web3.World
  7. WeUp
  8. NFT Mint
  9. Oasis.Gallery

About Venom Foundation

The ADGM licenses Venom Foundation and enables the acceleration of global Web3 projects. The decentralized network operates under the Abu Dhabi Global Market (ADGM) jurisdiction. The ADGM is an oasis for investors and financial services firms, positioning Venom as the world's first compliant blockchain, affording authorities and enterprises the freedom to build, innovate, and scale.

Various companies have developed a portfolio of in-house dApps and protocols on the Venom blockchain. With capabilities of dynamic sharding, low fees, ultra-fast speed, and scalability, Venom harbors the potential to function as the main infrastructure for a global ecosystem of Web3 applications, possessing ultra-fast transaction speeds and infinite scalability to meet the demands of an ever-expanding user base.

For more information about the Venom testnet launch, visit: Website

For more information about Venom Foundation, visit: Website  | Twitter

Press Contact

Adam Newton
pr@venom.ventures