Launching a new cryptocurrency project often requires some form of fundraising. DAO Maker holds a powerful market position, helping several dozen startups meet their goal. In addition, the team now partnered with the Venom Foundation to create a new incubator for promising Web3 initiatives.
Fostering Web3 Project Growth
Raising the capital to turn a vision into reality is the first step for any Web3 project. Developing the technology to power ideas of decentralization and empowerment requires a sizeable war chest. Thankfully, projects have various ways to raise capital these days. Many opt for the DAO Maker platform, an established entity with a powerful Launchpad solution to fuel blockchain growth.
However, the funding is only one facet of a much bigger picture. Every Web3 startup needs guidance and support beyond the monetary aspect. Legal guidance, compliance knowledge, and expertise will help builders maximize their future potential. Those features aren’t part of a fundraising effort, which is why DAO Maker is expanding its reach.
Following a partnership with Venom Foundation, the team has forged a new Web3 startup incubator. The project focuses on bringing more attention to the Venom ecosystem and actively assisting in its development. In addition, DAO Maker’s branding will bring more developer attention to Venom and facilitate future community growth.
By joining forces, Venom Foundation and Maker DAO will incubate Web3 initiatives through the Venom Launchpad. It is an excellent opportunity for builders to acquire the necessary resources, guidance, and exposure from industry experts. Focal points include strategic planning, brand building, and marketing. In addition, DAO Maker’s Launchpad will integrate the Venom blockchain and Venom Wallet.
Strengthening The Bond With Venom
The Venom blockchain is a relatively new ecosystem which is fully licensed by the Abu Dhabi Global Market. That makes it an appealing ecosystem for issuing utility tokens and exploring other innovative approaches. Venom is a compliant blockchain, and its network has various in-house-developed dApps and protocols. Its integration into the DAO Maker Launchpad marks a crucial milestone.
Christoph Zaknun, CEO of DAO Maker, adds:
“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.”
In addition to the integration, Christoph Zaknum will become an Advisor to the Venom Foundation. His expertise in helping projects raise capital will lead to valuable contributions made to the Venom ecosystem. Venom and DAO Maker share a common goal of committing to innovation and helping aspiring initiatives reach the next stage in their development.
