Description
Venom Foundation builds and maintains the Venom blockchain, a Layer 0/1 network built on the Threaded Virtual Machine (TVM) offering account abstraction, external messaging, arbitrary workchains, dynamic sharding, and reportedly over 100,000 transactions per second with sub-$0.0002 average fees. The organization supports a developer ecosystem through documentation, the T-Sol smart contract language, and the Locklift development framework, and it maintains first-party tools including the SparX multichain non-custodial wallet, VenomScan block explorer, VenomStake staking platform, and ChainConnect cross-chain transfer service. Venom Foundation positions itself as infrastructure for governments and Web3 projects, targeting a global user base with a particular focus on empowering emerging economies in the Middle East and North Africa. The network is currently undergoing a migration to a new mainnet, with legacy tools (such as the original Venom Wallet) being deprecated in favor of new ones like SparX.