In a bid towards technological growth in Africa that focuses on the creation of Web3 and blockchain technology applications, Venom Foundation has announced a strategic partnership with the Government of Kenya.
This partnership aims to promote innovation in significant fields like supply chains, financial infrastructure, agriculture, SMEs, and cross-border trade for the benefit of Kenya and the entire African continent.
The proposed blockchain and Web3 hub will function as a focal point for African government agencies and ICT firms, promoting stakeholder cooperation and knowledge sharing. Kenya’s Cabinet Secretary for Investments, Moses Kuria stated that Venom will provide essential tools and resources to support African nations in building a robust foundation for digital transformation.
He further expressed his excitement about the partnership with the Venom Foundation as a sign of Kenya’s attitude toward modern technology, financial, and technological advancements, and it will encourage more innovations in a variety of sectors that will benefit people locally and globally.
The Venom Foundation’s chief technology officer, Christopher Louis Tsu, said that “Africa is already rich in natural resources and human capital; bringing next-generation blockchain technology to the continent will empower the people and help not only Kenya but many other African nations to capitalize on their assets and participate in new global markets, competitively.”
The expansion of Venom Foundation into Africa demonstrates the continent’s innovative attitude to web3 and blockchain technology, demonstrating its dedication to embracing innovation and leading through implementation.Venom Foundation aims to empower African communities, build a bridge between traditional banking and trade and the web3 world, and drive regional economic growth by enabling smooth cross-border trade and transactions by advocating for the implementation of blockchain technology.
Venom Foundation, is a license by the Abu Dhabi Global Market (ADGM) that allows the acceleration of Web3 projects. Its mission is to create a Blockchain that will serve as the primary infrastructure for a worldwide ecosystem of Web3 applications, with ultra-fast transaction rates and indefinite scalability to suit the needs of an expanding user base.