New Milestones Unlocked: Venom’s 5th Month Recap

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20 Jan 2024
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As summer transitions to fall, we’re proud to announce a series of developments and new milestones achieved — multiple upgrades to refine our protocol, 10 million NFTs minted, and more. In the fifth month of Venom Testnet, we continue to build strategic partnerships, grow our community, and expand our ecosystem. Every step is a strategic move that brings us closer to realising our vision — providing the infrastructure for global Web3 applications and onboarding the next billion users.
Here are all the latest updates from Venom Foundation this September:

Venom Testnet in Numbers

The Venom Testnet continues to progress with an upward growth trajectory. Here are the latest numbers:

  • 594M transactions with an average of 51.9 transactions per second
  • 81M accounts (smart contracts),
  • 1.5M wallets
  • 17.1M NFTs minted as part of on-chain/social tasks

Venom Ecosystem Onboards Four New dApps

We’re thrilled to welcome three new dApps to our ecosystem: Everplay, Segmint, Valicit, and Chainspot.
Calling all gamers — Everplay is an E-sports tournament platform powered by Venom blockchain. It brings together prominent Web2 games, such as Mobile Legends and Call of Duty, with exciting Web3 games — essentially the best of both worlds. With a play-to-earn model, users can earn instant rewards. Plus, events such as tournaments and missions enable users to compete in PvP battles for exclusive prizes.
If you followed our hackathon closely, you’d have heard of Segmint, which won second place in the Web3, NFTs & Gaming track. As a blockchain bulletin board, it offers a blank canvas for users to purchase pixel space(s). This unlocks unprecedented opportunities for advertising, social networking, and creative self-expression. What makes Segmint so special is the dynamic growth potential of NFT pixel spaces — every time the board fills up, a new season is launched, which increases the price per pixel. Users also enjoy the benefit of versatility, with the option of choosing three boards, and the ability to manage NFTs. Above all, Segmint takes a safety-first approach, striking a balance between creativity and community standards by implementing content moderation practices to ensure a safe space for everyone.
Next, Valicit is a Web3 ticketing dApp that sets the precedent for modern events by tackling the challenges of the existing ticketing industry. With its blockchain-based API solution, it ensures the authenticity and security of ticket transactions while harnessing the power of the Venom blockchain for ultra-fast speed. Additionally, it provides comprehensive control over the secondary market, facilitating a seamless experience in the buying and selling of tickets. Additionally, Valicit recently announced its partnership with Numi, a metaverse gaming Venom-powered dApp, for the grand opening of Club 404 on Numi Stories. Get your tickets and don’t miss out on this once-in-a-lifetime event.
Finally, we’re proud to onboard Chainspot, the largest blockchain bridge aggregator in Web3. The platform boasts a whopping 114 bridges and 130 networks, as well as 42 bridges with tracked TVL. Users can enjoy swift transactions that are secure and seamless. At the same time, Chainspot’s on-chain analytics add an additional layer of transparency and peace of mind.
Check out Venom’s new dApps

Say Hello to Venom Hub

Venom Hub is part of our efforts to make ecosystem onboarding a seamless affair for projects. As part of this initiative, projects can apply for 1-on-1 consultation with experts from the Venom team. During this process, we’ll work closely to tailor a bespoke growth strategy, with projects awarded the exclusive Venom Architects role to add an extra layer of credibility. As a growing Web3 organisation, we recognise that a thriving community is a cornerstone of success. Thus, projects will also get featured on Venom’s social platforms to further drive awareness and engagement.
Find out more

Venom x Artfi: Democratizing Fine Art

Gone are the days when fine art was exclusive to elite connoisseurs. With the Venom and Artfi partnership, the end goal is to make fine art accessible to the masses. Blue-chip artwork from the world’s finest artists is brought on-chain as NFTs, and divided into 10,000 NFTs for fractional investing by art lovers. Not only does this bolster the art community, but also removes financial barriers due to hefty million-dollar price tags. By leveraging the Venom blockchain, Artfi transactions are poised to be fast, frictionless, and with low gas fees. Down the road, we aim to expand our partnership with a native Artfi token to make inroads in the Web3 world.
Read the full scoop

Words from Venom Leaders

ICYMI, our Venom leaders took turns to shed light on Venom Foundation. On September 15, our CEO, Christopher Louis Tsu, dropped a video message for the first time on our Discord channel. Down the road, you can expect to see more appearances from Louis as he talks about the latest developments at Venom.
On the other hand, our founder and chairman, Peter Knez was recently interviewed by Nasdaq. In the article, he talks about his journey from TradFi to Web3, the transformative power of blockchain technology, and the vision of Venom to be the blockchain of blockchains. Read the article here.

Introducing Venom Support

At Venom, our ever-growing community is always our top priority. On this note, we’re proud to announce the launch of Venom Support — our official support center for all your inquiries, needs, and feedback. For pressing matters and quicker response time, simply open a ticket on our official Discord channel, and a member of our team will provide prompt assistance.

TOKEN2049: Venom Represents

TOKEN2049 is the premier crypto event, gathering Web3 unicorns, thought leaders and trailblazers from around the world. This September, our Chief Commercial Officer (CCO), Faraj Abutalibov, arrived in Singapore to represent Venom on a global stage. Here, we extended our support to our valuable partners, Franck Muller x TrustLog and Artfi, building meaningful connections with up-and-coming projects, and fortifying existing partnerships.
Every keynote speech and connection we’ve made has been nothing short of inspiring. This year’s talking points revolved heavily around Real World Assets (RWAs) and crypto regulations. With Venom Foundation being the world’s first licensed solution, we are confident of building a world-class blockchain platform that serves as the cornerstone of innovation for Web3 builders. All in all, the passion and dedication of the projects at TOKEN2049 underscore our belief in the disruptive power of blockchain technology in shaping the future.
To find out more about Venom, check out the links below:
Website: https://venom.foundation/
Whitepaper: https://venom.foundation/Venom_Whitepaper.pdf
Documentation: https://docs.venom.foundation/
Medium: https://medium.com/@venom.foundation
Twitter: https://twitter.com/venomfoundation
Discord: https://discord.com/invite/venomfoundation

referensi:
https://medium.com/@venom.foundation/new-milestones-unlocked-venoms-5th-month-recap-d751926f54fd

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