Former kickboxer and social media personality Andrew Tate has recently endorsed Venom, a recently launched Layer-0 blockchain by the Venom Foundation, expressing confidence that it will be "huge" regardless of whether his followers invest in it on his recommendation.
In an X post on April 14, Tate highlighted the potential of the blockchain, which he had previously mentioned in a newsletter about how to profit from crypto. Venom, which launched on the mainnet, aims to provide high-caliber solutions capable of handling over 100,000 transactions per second.
Headquartered in Abu Dhabi, Venom boasts cutting-edge technology to support economic infrastructures worldwide. Within the first 24 hours of launch, Venom drew in over a million users, a testament to the platform's appeal and potential for mass adoption.
As the first regulated blockchain chain based in Abu Dhabi, Venom surpassed one million registered crypto wallets in less than three months since its public testnet launch on April 26, 2023.
Moreover, Venom Foundation signed a Memorandum of Understanding (MOU) with the UAE government to develop and implement the National Carbon Credit System, demonstrating its commitment to using blockchain technology to address environmental challenges and promote sustainability.
Additionally, Venom is in partnership with Iceberg Capital, an investment management firm based in Abu Dhabi's Global Market. Together, they have established a $1 billion investment fund for the growth of Web3 and blockchain companies.
Andrew Tate's endorsement of Venom blockchain underlines the potential for the technology's future growth and impact on the industry. His prediction of its success aligns with the achievements and goals of the Venom Foundation, which continues to pave the way for sustainable blockchain solutions.