Venom

What Venom does

Venom Foundation, operating through Cayman Islands entity VNM Vault, LTD, runs a Layer 0/1 blockchain built on a Threaded Virtual Machine (TVM) that uses an Actor model for asynchronous, parallelized contract execution and dynamic sharding to group accounts into shards for throughput. The platform is positioned for scalable Web3 applications in decentralized finance and global payments, advertising 100,000+ transactions per second with an average transaction fee under $0.0002 and a zero-emission operating policy. The product surface includes SparX Wallet (the multichain, non-custodial wallet that replaced the deprecated Venom Wallet following a 2026 mainnet migration), Venom Scan (blockchain explorer), VenomStake (proof-of-stake staking), ChainConnect (cross-chain bridging), Web3.World (DEX and liquidity), and Oasis Gallery (NFT marketplace), with developer access via the T-Sol smart contract language and the Locklift framework.

Revenue is generated entirely through network transaction fees under a pay-as-you-go model with no subscription tiers or public pricing; there is no disclosed annual revenue figure. The foundation targets three primary segments: Web3 developers building dApps (DeFi, NFTs, cross-chain transfers), governments and institutions requiring customizable workchains for regulated or compliant use cases, and emerging economies in the MENA region for TradeFi and digital-asset infrastructure. Go-to-market combines product-led growth (open-source codebase and documentation), community-led engagement (Discord, Telegram, Twitter/X, Medium, DAO governance), and event-driven outreach to government and institutional partners in MENA. Security is externally validated through audits by Hacken and CertiK, and core code is published on the venom-blockchain GitHub repository.

Operationally, the foundation is mid-sized at 51-100 employees, with a 2020 founding year, a 2024 token/funding event led by Alpha MBM Investments (amount not disclosed), no parent company, no public listing, and an active 2026 mainnet migration that is concurrently re-platforming the entire ecosystem of dApps onto the new network.

Name

Venom

Legal name

VNM Vault, LTD

Website

https://venom.foundation

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

51–100 employees

Short description

Venom Foundation operates a Layer 0/1 blockchain using a Threaded Virtual Machine with dynamic sharding, targeting Web3 developers, MENA governments, and institutions with 100,000+ TPS throughput and sub-$0.0002 transaction fees.

Ownership category

akta.pro rank

Product category

Layer 1 Blockchain Infrastructure

NAICS

Securities and Commodity Exchanges (52321), Securities and Commodity Exchanges (5232)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Node Operations, RPC & Infrastructure Services (nodes, validators, RPC, relayers) (FSAPAAAF)

Keywords

• Layer 1 blockchain
• Web3 infrastructure
• Smart contracts
• Decentralized finance
• Blockchain development

Headquarters

HQ city

Abu Dhabi

HQ country

United Arab Emirates

HQ region

Middle East

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations

Revenue model

1. Network Transaction Fees: Users pay transaction fees (gas costs) when interacting with the Venom blockchain and executing smart contracts. Fee structure is designed for minimal cost with average fees under $0.0002 per transaction.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels8 records

Core offering

Venom is a Layer 0/1 blockchain platform that delivers Web3 infrastructure for decentralized finance and global payments, built on a Threaded Virtual Machine (TVM) using the Actor model with dynamic sharding and arbitrary workchains. The protocol supports more than 100,000 transactions per second at sub-$0.0002 per transaction and powers an ecosystem of dApps, wallets, explorers, and developer tools. Its core commercial activity is the operation of this network and the suite of on-chain products (SparX Wallet, Venom Stake, Venom Scan, ChainConnect, Web3.World, Oasis Gallery) and developer tooling (T-Sol, Locklift) that allow third parties to build, deploy, and transact on Venom.

Product overview

Venom Foundation operates as a Layer 0/1 blockchain platform built for global Web3 infrastructure with dynamic sharding, capable of 100,000+ TPS and sub-$0.0002 transaction fees. The product portfolio centers on the SparX Wallet (a multichain, non-custodial wallet replacing the deprecated Venom Wallet), complemented by ecosystem apps including Venom Scan (blockchain explorer), Venom Stake (staking platform), ChainConnect (cross-chain bridging), Web3.World (DEX), and Oasis Gallery (NFT marketplace). Underlying the platform is the Threaded Virtual Machine (TVM) with account abstraction and external messaging capabilities, accessible via T-Sol (Solidity-derived smart contract language) and the Locklift development framework. The ecosystem targets use cases spanning DeFi, DAO governance, SocialFi, GameFi, CBDC, DID, and TradeFi.

Differentiator

Problem solved

Functional benefit

Brands

• SparX Wallet: The multichain, non-custodial wallet for the Venom network, available as a browser extension and mobile app.
• Venom Wallet
• Venom Scan

Products and services

• SparX Wallet

Quantifiable outcome

• 100,000+ transactions per second throughput
• +1 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Partnerships

Three partnerships are on record, tiered minor and core.

• HackenminorOthersHacken conducted a security audit of the Venom Foundation blockchain platform to verify security practices and identify potential vulnerabilities.
• CertiKminorOthersCertiK performed a security audit of the Venom Bridge project on CertiK SkyNet, providing independent verification of smart contract security.
• GitHub (Venom Blockchain)coreTechnology or IntegrationOpen-source code hosting and collaboration platform for the Venom blockchain codebase, enabling developer community engagement and transparent development.

Scale indicators3 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Polkadot: Polkadot pioneered the Layer 0 / parachain model with heterogeneous chains optimized for different use cases, closely analogous to Venom's 'Layer 0/1 with arbitrary workchains' positioning for customizable enterprise and government blockchains.
• Solana: Solana competes head-on with Venom on the high-throughput, low-fee L1 thesis targeting DeFi and payments workloads. Both emphasize raw TPS and minimal transaction costs as their core differentiation.
• Cosmos: Cosmos enables appchains (zones) connected via IBC, sharing Venom's thesis of interoperable, customizable chains for varied enterprise and DeFi workloads. Cosmos's Tendermint-based consensus and IBC bridge map to Venom's workchain and ChainConnect model.
• Avalanche: Avalanche's subnet architecture allows customizable L1s with different compliance, privacy, and performance profiles—directly parallel to Venom's arbitrary workchains marketing for institutional and government clients.
• NEAR Protocol: NEAR is a sharded Layer 1 blockchain using a Nightshade sharding design with account abstraction and a Solidity-derived developer experience—directly comparable to Venom's dynamic sharding, account abstraction, and T-Sol stack.
• Klaytn: Klaytn is a Layer 1 built by a foundation targeting enterprise and consumer Web3 use cases in Asia with service chain customization—closely analogous to Venom's foundation-led, enterprise/government-focused, workchain-based strategy.
• TON (The Open Network): TON is the closest architectural analog to Venom because Venom's TVM (Threaded Virtual Machine) and Actor model are derived from the same lineage. Both operate multi-chain L1 networks targeting mainstream Web3 and payments use cases with developer-friendly tooling.

Emerging players

• Hedera: Hedera offers enterprise-grade DLT with high throughput and predictable low fees—targeted at the same government, payment, and tokenization customers that Venom's workchains and TradeFi messaging target.
• Internet Computer (ICP): Internet Computer is an alternative L1 focused on scalable smart contract execution with chain-key cryptography, comparable to Venom's parallelized execution model and ambition to host general-purpose Web3 workloads natively on-chain.

Broad incumbents

• Ethereum: Ethereum is the dominant smart-contract L1 and the reference platform for Solidity/T-Sol-style developer tooling. Venom positions against it on throughput, cost, and enterprise customization while still relying on Solidity-derived developer familiarity.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/venomfoundation
• GitHubgithub.com/venom-blockchain
• LinkedInlinkedin.com/company/venomfoundation

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Venom