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Venom Ventures

@VenomVentures

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Blockchain-agnostic fund investing in innovative protocols and Web3 dApps, including payment systems, asset management, DeFi, banking services, and GameFi.

Joined January 2023
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@VenomVentures
Venom Ventures
1 year
VVF launched new fund investing in #web3 businesses, with a focus on utility, usability, and profitability. Our investment process is systematic and research-driven, balancing quantitative and qualitative analysis in order to build the future of Web3. ➡️
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@VenomVentures
Venom Ventures
11 months
The German government is supportive of cryptocurrencies. In 2020, the government passed a law that clarified the legal status of cryptocurrencies in Germany as financial instruments. The German crypto market is growing as more institutional investors enter the market. 🧵
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@VenomVentures
Venom Ventures
1 year
Beijing unveils the "Web3 Innovation and Development White Paper (2023)" stating that web3 technology is an inevitable trend for future Internet industry development.
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@VenomVentures
Venom Ventures
1 year
Hong Kong and UAE Central Banks are in discussion of joint effort on regulating virtual assets. A bilateral meeting was held in Abu Dhabi, with financial infrastructure and cross-border trade settlements on the agenda. From June 1, HK allows retail investors to trade crypto.
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@VenomVentures
Venom Ventures
1 year
We are thrilled to announce a strategic partnership with @Everscale_net . Our collaboration will ignite innovation in #Web3 as we invest $5 million to support their growth and increase the number of successful projects.
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@VenomVentures
Venom Ventures
1 year
🧵Impact Insight - Offline Payments in the Era of Central Bank Digital Currencies (CBDCs) BIS just published a report on this topic here What are the take aways?
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@VenomVentures
Venom Ventures
11 months
Majority of the population holds their wealth in banks. It is interesting to see that financial institutions across nations are embracing digital assets. As a ADGM regulated blockchain, Venom aims to create the infrastructure for CBDCs so nations can easier trade and transact.
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@VenomVentures
Venom Ventures
1 year
Despite a previous ban on cryptocurrencies in China, the white paper release hints at a potential opening up of the industry based on recent developments. This is positive for crypto as the world's second largest economy is shifting its stance and opening up new opportunities.
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@VenomVentures
Venom Ventures
1 year
1/3 These initiatives have garnered attention and feedback from the web3 community in HK. In line with the opening of applications for operating licenses in the UAE last month, Hex Trust, a Hong Kong-based crypto custodian, successfully obtained licenses to operate in the UAE.
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@VenomVentures
Venom Ventures
1 year
To explore the BIS report on offline CBDCs and gain a deeper understanding of this fascinating topic, check out the full publication at
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@VenomVentures
Venom Ventures
1 year
2/3 The UAE's plans regarding Central Bank Digital Currencies (CBDCs) align with similar initiatives in China and Hong Kong, which have either launched or announced their plans for e-money projects. This convergence hints at an accelerated pace of currency digitalization.
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@VenomVentures
Venom Ventures
1 year
As we march towards a digital future, it is crucial to consider the implications for those who may not have access to online payment methods. Offline CBDCs aim to address this issue by providing solutions for individuals in areas with limited internet connectivity
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@VenomVentures
Venom Ventures
1 year
The BIS report explores the principles and logic that could shape the architecture of offline CBDC systems. It provides valuable insights into user onboarding, protocols, risk management, and privacy considerations
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@VenomVentures
Venom Ventures
11 months
1/3 German banks are slowly adopting cryptocurrencies, but mostly for institutions. Some banks, such as Deutsche Bank and Commerzbank, have partnered with crypto custodians to offer custody services allowing institutions to store their cryptocurrencies in a secure environment.
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@VenomVentures
Venom Ventures
11 months
2/3 Germany has a large number of crypto-friendly startups. Berlin is home to crypto startups including Bitpanda, a crypto exchange, and N26, a neobank that offers crypto trading services. The German government does not want to miss out on this opportunity for growth.
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@VenomVentures
Venom Ventures
1 year
In our present-day reality, cash serves this purpose. But looking ahead, we need to envision what offline payments might look like on a global scale.
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@VenomVentures
Venom Ventures
1 year
Simultaneously, Hong Kong's Securities and Futures Commission released news last week stating that retail investors can start trading crypto from June 1. Hong Kong attempts to attract crypto firms to setup in the city and provide a regulated environment for digital assets firms
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@VenomVentures
Venom Ventures
1 year
The Chinese capital plans to transform the city into a global digital innovation hub, committing US$14M annually till 2025. This is a major move to towards promoting the web3 industry in China. There was also a footage featuring Bitcoin in the national news broadcasting.
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@VenomVentures
Venom Ventures
11 months
3/3 The German bank sector is divided into 3 pillars. After the MiCA regulation, the traditional financial institutions will react to gain new customers. It remains to be seen how they will offer crypto services to retail investors.
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