Although Andrew Tate has previously expressed skepticism towards cryptocurrencies and individuals in the industry, the social media personality and former professional kickboxer recently showed support for a blockchain project that he believes has significant potential for success.

In a recent post on April 14, Tate endorsed the Venom blockchain, a Layer-0 blockchain developed by the Venom Foundation. Despite stating, “Dont buy it, I dont care,” he emphasized his belief that the blockchain will achieve substantial success regardless of his followers’ actions, indicating his intention to use it as a future reference point.

Andrew Tate also made reference to previous posts where he invited his followers to subscribe to a newsletter offering insights on wealth generation through crypto investments. Additionally, he claimed to have identified a blockchain coin with genuine technological value and innovation.

The Venom blockchain, launched by an Abu Dhabi-based company, is described as a Turing-complete project capable of processing over 100,000 transactions per second. The project aims to enhance and simplify economic infrastructures globally, as highlighted in a press release on April 9.

The successful launch of Venom attracted over a million users within the initial 24 hours, demonstrating its broad appeal and potential for widespread adoption. This achievement follows the platform’s rapid growth, with over a million registered crypto wallets within three months of its public testnet release on April 26, 2023.

Moreover, the Venom Foundation signed a significant agreement with the UAE government to develop the National Carbon Credit System, utilizing blockchain technology to address environmental concerns and promote sustainability.

It is noteworthy that Venom collaborates with Iceberg Capital, an investment management firm based in the Abu Dhabi Global Market (ADGM). Together, they have established a $1 billion investment fund dedicated to supporting the growth of Web3 and blockchain enterprises.

Disclaimer: The information provided in this content does not constitute investment advice. All investments involve risk, and individuals should exercise caution when investing.