Venom Foundation inks partnership with Kenyan government to create Blockchain Hub
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Venom’s blockchain hub is also expected to attract a wide range of stakeholders, including developers, entrepreneurs, investors and regulators.
The Venom Foundation, which recently made headlines with its testnet launch and hackathon, has signed a Memorandum of Understanding (MOU) with the Kenyan government. This partnership is billed to help set up a blockchain hub in Kenya, focusing on the development of Web 3.0 applications.
As announced, the 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 stimulate regional economic growth by enabling seamless trade and transactions across borders. It will also provide tools and resources to support African countries in laying a solid foundation for digital transformation.
Likewise, 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 offer training and education programs to help individuals and businesses understand the potential of blockchain technology and how it can be integrated into their business.
The Finance Minister of Kenya expressed his enthusiasm for the partnership. In his chirpingis the partnership with the Venom Foundation a significant boost for Kenya and will drive further innovation in several industries, to the benefit of everyone both globally and nationally.
This collaboration with @VenomFoundation through @venomafrica signifies Kenya’s stance on next-generation technology, financial and technological development, and will catalyze further innovations in various industries, benefiting people both nationally and globally.
— CS Moses Kuria (@HonMoses_Kuria) 9 May 2023
In particular, Kenya is considered a leader in digital innovation in Africa, with a thriving fintech industry and a growing startup ecosystem. As such, the launch of Venom’s blockchain hub in the country will further cement Kenya’s position as a hub for digital innovation in the region. The partnership aims to promote efficiency, transparency and trust across different sectors on 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 in various industries in Kenya and the wider Africa region.
Venom Foundation secures strategic partnership
Earlier this year, the tier 1 blockchain firm teamed up with Hub71, a global technology ecosystem located in Abu Dhabi to provide enterprise-level solutions for startups and facilitate blockchain adoption with a focus on business growth and acceptance of blockchain technologies in the MENA region and beyond.
The Venom Foundation collaboration with Hub71+ Digital Assets, an ecosystem dedicated to Web3 and Digital Assets, seeks to complement the growth drive for businesses. It aims to do this by helping with business development, regulation of digital assets, blockchain adoption and relevant technologies.
Similarly, Venom also partnered with leading blockchain solutions provider DAO Maker to incubate Web 3.0 projects centered on delivering real-world use cases.
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