Venom’s blockchain hub is also expected to attract a wide range of stakeholders, including developers, entrepreneurs, investors and regulators.
Venom Foundation, which recently hit the news with its Testnet Launch and Hackathonhas signed a Memorandum of Understanding (MoU) with the Government of Kenya. The partnership is designed to help establish a blockchain hub in Kenya with a focus on the development of Web 3.0 applications.
as it was announcedThe Hub aims to promote the adoption and development of blockchain technology in Kenya and the wider African region.
Venom unlocks blockchain potential in Africa
Interestingly, the leading blockchain-based payment gateway provider aims to empower African communities, create a bridge between traditional finance and the Web 3.0 world, and spur regional economic development by enabling cross-border trade and transactions. It will also provide tools and resources to support African countries in laying a solid foundation for digital transformation.
Similarly, Venom’s Blockchain Hub in Kenya will provide a platform for developers, startups and established companies to collaborate and innovate with blockchain technology. The hub will also provide training and education programs to help individuals and businesses understand the potential of blockchain technology and integrate it into their operations.
In Kenya, the Treasury Minister expressed enthusiasm for the partnership. in his doThe partnership with the Venom Foundation is a significant boost for Kenya and will drive further innovation across many industries, benefiting everyone globally and nationally.
this partnership with @VenomFoundation By @venomafrica Next-generation technology reflects Kenya’s approach to financial and technological development, and will catalyze further innovations in various industries, benefiting people nationally and globally.
— CS Moses Kuria (@HonMoses_Kuria) May 9, 2023
In particular, Kenya is widely regarded as a leader in digital innovation in Africa with a thriving fintech industry and a growing startup ecosystem. Therefore, the launch of Venom’s blockchain hub in the country will further strengthen Kenya’s position as a hub of digital innovation in the region. The partnership aims to promote efficiency, transparency and trust in various sectors in the continent.
Venom’s blockchain hub is also expected to attract a wide range of stakeholders, including developers, entrepreneurs, investors and regulators. The hub will provide a platform for collaboration and innovation, as well as an opportunity to explore the potential of blockchain technology across various industries in Kenya and the wider Africa region.
Venom Foundation Acquires Strategic Partnership
Earlier in the year, Layer 1 blockchain firm together To provide enterprise-level solutions for startups with Hub71, a global tech ecosystem based in Abu Dhabi, and to facilitate blockchain adoption with a focus on the growth and acceptance of blockchain technologies for businesses in the MENA region and beyond.
The Venom Foundation collaborates with Hub71+ Digital Assets, an ecosystem dedicated to Web3 and digital assets, striving to drive growth for businesses. It aims to do this by helping with business development, digital asset regulation, blockchain adoption and related technologies.
Similarly, poison entered into a partnership To incubate Web 3.0 projects focused on delivering real-world use cases with leading blockchain solutions provider DAO Maker.
Benjamin Godfrey is a blockchain enthusiast and journalist who loves to write about real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desire to educate people about cryptocurrencies drives his contributions to well-known blockchain-based media and sites. Benjamin Godfrey is a lover of sports and agriculture.
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