TechFlow news: Abu Dhabi's Venom Ventures fund plans to invest $1 billion in the Web3 sector, but appears to have made little substantive progress since its founding a year ago.
Despite announcing leadership in a $20 million investment in Nümi Metaverse and a $5 million investment in Everscale, there have been no new investments since January.
The website lacks portfolio information, and the related Venom Foundation blockchain has yet to launch its mainnet.
Meanwhile, Peter Knez, one of the leaders of Venom Ventures, has become chairman of O.N.E Amazon's new fund.




