Venom Wallet
Venom Wallet: Your shield against crypto threats. Unleash secure transactions with the power of symbiotic financial protection!
Last updated
Venom Wallet: Your shield against crypto threats. Unleash secure transactions with the power of symbiotic financial protection!
Last updated
As of July 25, Venom Foundation, a blockchain technology pioneer in regulated markets, had recorded over one million registered wallets. The monumental achievement occurred quickly since Venom’s testnet launched on April 26. Venom’s innovative blockchain solutions are gaining prominence and setting a new standard.
Venom’s quick success is attributed to its unique technology, strict regulatory compliance, and secure, user-friendly environment for varied users. Smooth operations and regular updates on the Venom testnet help attract and maintain users.
Venom Foundation and Iceberg Capital Ltd, a UAE-based investment firm, unveiled a $1 billion cryptocurrency investment fund and announced they are heading a $20 million investment in Nümi Metaverse, a virtual reality platform. The launch occurs amidst a downturn in funding for crypto startups, as the global financial climate becomes risk-averse, and several crypto failures, including the high-profile collapse of FTX, have shaken investors’ confidence along with the recession. Cryptocurrency markets are recovering, with bitcoin hovering at $17,421 after experiencing a 64% drop in 2022.
The $1 billion venture fund is a collaboration between Venom Foundation, a layer-1 blockchain solution, and Iceberg Capital, an investment management company based in Abu Dhabi Global Market (ADGM). Iceberg Capital aims to utilize its existing network to provide incubation programs and connections within the industry, marketing support, technical assistance, exchange listing, legal support, and regulatory guidance.
To log into your Venom wallet account, the user should use the unique seed phrase as a key. This verification process is deemed safer and more secure to access the account.
Signing in Using an Existing Seed Phrase:
Launch the Venom Wallet browser extension or app.
Choose the “sign in with seed phrase” option under the wallet login.
When signing in, enter your unique series of words from the seed phrase in the correct order in the sign-in form. The interface allows the option to automatically transfer the complete seed phrase with one click by pasting it into the designated field.
After entering the seed phrase, input the password created during the account setup process to confirm transactions in the wallet.
Upon successfully entering the seed phrase and password, you can access your wallet and carry out transactions.
In conclusion, Venom presents a valuable opportunity for businesses to manage their crypto assets securely. Its multi-faceted account options and easy-to-use interface make it a practical solution for companies of all sizes. With the option to sign in using a seed phrase and password, businesses can ensure the protection of their assets at all times. The collaboration with Iceberg Capital and its incubation programs, industry connections, and support for marketing and technical, legal, and regulatory matters make Venom an attractive choice for businesses looking to invest in blockchain, DeFi, and Web3 products and services. Overall, the Venom Blockchain is a promising platform for businesses seeking a secure and efficient way to manage their crypto assets.
