• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
Buy Neo Pepe
No Result
View All Result
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Amazon and Walmart Eye Launch of Their Own Crypto, Details
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Amazon and Walmart Eye Launch of Their Own Crypto, Details
Web3

Web3 Push: UAE VC Companies Launch $1 Billion Fund For The Tech Ecosystem

Christian Encila
by Christian Encila
2 years ago
·
Posted in Crypto News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Venom Foundation has announced the creation of Venom Ventures Fund, a next-generation venture capital incubator that will invest in Web3 and related blockchain projects and help them reach their full potential. Iceberg Capital will be the launch partner for this venture.

Venom Ventures will prioritize companies that are developing blockchain infrastructure, such as decentralized applications (DApps), decentralized finance (DeFi), blockchain-based gaming, and other payment services.

Venom Ventures’ investment strategy is based on the idea that it’s not just about making money — it’s about making sure that everyone involved with a project gets what they need to succeed. 

Web3 Penetration In The UAE

The initiative aims to help businesses grow by providing them with financial backing as well as other incentives, including assistance with technological development, regulatory filings, and marketing efforts.

The fund is worth $1 billion and will be available to businesses in pre-seed and Series A stages. It will serve as a conduit for “old money” to meet “new money.”

Related Reading: Lunar New Year Shindig: McDonald’s To Party In The Metaverse Using Artificial Intelligence
UAEUnited Arab Emirates. Image: Gerry Images

The company was founded by Peter Knez and Mustafa Kheriba, two highly experienced investment professionals who have worked with some of the most successful family offices in the Middle East and North Africa regions.

Venom Ventures will provide counseling, assistance, and marketing strategies to businesses it invests in in addition to providing them with necessary funding and liquidity.

The team has already backed several projects across the blockchain ecosystem. These include: Project Bounties, which is developing incentives for EOS developers; BitFury Projects, which provides financial services for miners; and Matrix AI Network (MAN), an artificial intelligence research platform.

Fostering Web3 Growth

According to its website, Venom Ventures’ mission is to be “old money meets new.” In general, this new fund will work with startups and scaleups alike; however, it will only back projects that have strong missions and visions. This strategy will foster the most promising Web3 products out there.

Venom Ventures aims to turn Abu Dhabi into a world-leading finance center, where disruptive innovations in the Web 3.0, blockchain, and cryptocurrency industries can flourish.

Related Reading: Top 5 Crypto To Watch This Week – APT, MANA, GALA, BTC, SOL

Crypto total market cap at $935 billion on the daily chart | Chart: TradingView.com

Extensive Experience In Web3

The Venom Ventures Fund has extensive Web 3 experience, some of which spans back three years. The fund asserts that its accelerator program would provide projects with all the resources necessary to succeed in the blockchain industry.

VVF is actively investing and building a portfolio of cutting-edge web3 firms that are poised to achieve widespread adoption and significant growth, according to Knez.

“With a steadfast commitment to identifying and investing in highly promising, scalable and consumer-focused companies within the rapidly emerging web3 ecosystem,” Knez said.

Meanwhile, a $20 million funding round for Numi Metaverse was also announced, indicating that VVF is interested in delving into virtual worlds despite the industry’s rough time last year.

-Featured image: GoBankingRates

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Christian Encila

Christian Encila

Follow

Christian, a journalist and editor with leadership roles in Philippine and Canadian media, is fueled by his love for writing and cryptocurrency. Off-screen, he's a cook and cinephile who's constantly intrigued by the size of the universe.

Full Profile

Related Posts

Crypto

Crypto Con: Aussie Adviser Banned 10 Years Over $9.6 Million Scam

9 hours ago
Even While the World Bank Says Economic Growth Slowest Since 2008, the Case for BTC Keeps Growing

Even While the World Bank Says Economic Growth Slowest Since 2008, the Case for BTC Keeps Growing

3 hours ago
SEC Withdraws Restrictive Crypto Rules: Time for Top Altcoins to Shine

SEC Withdraws Restrictive Crypto Rules: Time for Top Altcoins to Shine

3 hours ago
First Solana Layer-2 Close to $50M as Company Plans $5B $SOL Investment

First Solana Layer-2 Close to $50M as Company Plans $5B $SOL Investment

4 hours ago
crypto, Stablecoin

A ‘Threat To Privacy’? US Senators Question Meta’s Stablecoin Plan In New Letter

1 day ago
Strategic Bitcoin Reserves Become the Norm: 3 Best Crypto to 1000x

3 Best Crypto to 1000x as Evertz Pharma Becomes the First German Company with a Bitcoin Reserve

6 hours ago

Premium Sponsors

Press Releases

  • From holding coins to mining-DOGE, XRP, SOL investors earn...

    31 minutes ago
  • ETHRANSACTION Cloud Mining: A Deep Dive into the Steady...

    2 hours ago
  • Bitcoin plunge caused 250k people to be liquidated. Area...

    2 hours ago
  • ETH rises better than BTC, cloud mining platform Ripplecoin...

    2 hours ago
  • No equipment investment required! XRP Mining cloud mining...

    2 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Buy Neo Pepe

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.