Venom Foundation partners with DAO Maker to incubate Web3 startups

Venon, the layer-1 blockchain platform regulated by Abu Dhabi Global Market (ADGM), has teamed up with decentralised funding platform DAO Maker to incubate Web3-focused startups.

The partnership between Venom Foundation and DAO Maker will see the two firms look to spark further innovation and growth by providing an opportunity for projects to deliver real-world use cases.

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DAO Maker has integrated the Venom blockchain and wallet in its Launchpad as part of the partnership, making it easier for developer teams to tap into the innovation solutions, the firms said.

Zaknun has also joined the Venom Foundation Foundation as an advisor.

Christoph Zaknun, the CEO of DAO Maker, commented:

“DAO Maker is excited to partner with Venom Foundation to incubate promising Web3 startups. Our expertise in growth technologies and funding frameworks will support the development of the Venom ecosystem. I am honored to take on an advisory role within the Venom Foundation team and look forward to building the future of blockchain together.”

DAO Maker and Venon Foundation to incubate new Web3 projects

In a press release shared with Invezz on Friday, Venom and DAO Maker said their collaboration aims at incubating new projects via the Venom Launchpad.

Web3 projects benefiting from the project will receive resources and mentorship from leading industry players, with the incubator levering expertise from both DAO Maker and Venom Foundation to bolster teams through critical stages such as strategic planning and marketing. 

Teams looking to get early stage funding and other help via decentralised sources will greatly benefit from this project. 

Peter Knez, the Chair of Venon Foundation’s council also commented on the partnership as one that could have a wider impact on the Web3 industry. He noted:

“At Venom, we are dedicated to pioneering innovation in the blockchain industry. Our partnership with DAO Maker is a testament to this as we incubate promising Web3 startups and bring real-world use cases to life. We are proud to be a part of this exciting collaboration and eagerly anticipate its impact on the industry.”