• Venom Network successfully launched its first public testnet.
• 223,446 wallets were created, and 69 million transactions were carried out during the testnet.
• The Venom Foundation also launched several dApps developed in-house as it grows its blockchain ecosystem.
Venom Network Launches First Public Testnet
The Venom Network recently announced that it has successfully launched its first public testnet, licensed by the Abu Dhabi Global Market (AGDM). This layer-1 blockchain network is designed to support a wide range of decentralised applications and is highly scalable.
Testnet Statistics
The team revealed that 223,446 wallets were created in the first week of the public testnet and 69 million transactions were completed during this time. Peter Knez, the Chair of the Venom Foundation Council commented on the launch: “We’re excited to announce the launch of Venom’s public testnet, a crucial step towards our upcoming mainnet launch. With our highly scalable and reliable asynchronous blockchain, we’re confident that developers will be able to build innovative dApps, while users will be able to experience them firsthand.“
dApps Developed In-House
Along with launching the public testnet, Venom Foundation also released multiple decentralized applications (dApps) developed in-house as part of their growing ecosystem. 1,370,189 Non-Fungible Tokens (NFTs) have been minted during this period as well.
Key Takeaways
• The Venom Network has successfully launched its first public testnet.
• 223,446 wallets were created in one week and 69 million transactions were completed during this time period.
• The team released several dApps developed in-house as part of their growing blockchain ecosystem.
Conclusion
The successful launch of their first public testnet marks an exciting milestone for the Venom Network ahead of its mainnet launch later this year. With a highly scalable and reliable asynchronous blockchain available for developers to use now is an ideal time for them to get involved with a project that could shape Web3 development in years to come!
