First two $50,000 grants awarded to environmental projects NFTWood and TimeSoul
Venom Foundation, the organization behind the high-throughput, low-cost Venom blockchain, today announced the official launch of Venom Labs, a dedicated grants division with an initial budget of $500,000 aimed at supporting promising Web3 projects that build natively on Venom or are capable of deep integration with its ecosystem.
Supporting builders has always been part of Venom Foundation's DNA. In 2024, the company hosted the Token Forge Hackathon, an offline event that brought together 54 teams competing for a $200,000 prize pool. Many of these projects are now live and thriving on Venom mainnet. Through Venom Quests, rewards worth $46 million in $VENOM have been distributed across the first four seasons, with Season 5 currently underway and an additional 11 million $VENOM allocated across two leaderboards. Combined with Venom Cases, ecosystem incentives, and strategic investments, Venom Foundation has consistently fueled the growth of its ecosystem.
What is Venom Labs?
Venom Labs provides non-dilutive funding and strategic support to projects that combine real-world utility, technical excellence, and sustainable growth. The program is designed to attract builders who are pushing the boundaries of blockchain beyond traditional GameFi and DeFi use cases.
Grant recipients will also gain priority access to venom.network, Venom's rewards platform with around 800,000 monthly active users, enabling targeted campaigns and exclusive reward distribution to scale user acquisition and enhance marketing efforts.
Eligibility Criteria for Venom Labs Grants
To be considered, projects must demonstrate:
- A launched and functional Minimum Viable Product (MVP)
- An active, engaged community of at least 3,000 followers across social platforms
- Full team readiness to complete KYC verification in accordance with Venom Foundation standards
- Current deployment on Venom mainnet or a detailed migration plan including technical specifications, roadmap, and timelines
- A clear and realistic monetization strategy and business model demonstrating long-term sustainability
- Transparent tokenomics with genuine utility, demand drivers, and fair distribution (where applicable)
- A measurable 6–12 month development roadmap with specific, defined milestones
First Grantees: NFTWood and TimeSoul
Venom Foundation is proud to announce the first two grant recipients, each awarded $50,000:
NFTWood – A pioneering Real World Asset (RWA) project that tokenizes living trees as NFTs. Each purchase results in a real tree planted and owned under the user's full legal title. As the tree grows, its value rises on-chain. Owners can upgrade with artistic topiary, grafting, or garden collections, and every change is documented with photo reports and immutably recorded on Venom.
TimeSoul – An innovative mindfulness and well-being ecosystem that combines AI-driven guidance, gamification, and EdTech with blockchain rewards. Users improve their mental health and happiness through daily practices while earning tokens.
These two projects showcase the diverse real-world impact Venom Labs supports, from physical eco-assets to transformative wellness solutions. However, the $500,000 program is sector-agnostic and welcomes top-tier builders from DeFi, gaming, infrastructure, social, AI, and beyond.
How to Apply
Interested projects are invited to submit applications by filling out the form: https://forms.gle/7rZEXYJLFRzJZiMY7
Christopher Louis Tsu, CEO of Venom Foundation, commented on the launch:
“From hackathons to quest seasons and ecosystem funds, Venom has always invested in builders. Venom Labs represents the natural evolution of that support – structured, transparent, and scaled to help the most promising teams reach millions of users. NFTWood and TimeSoul are outstanding examples of the real-world impact we want to see more of on Venom. The future of Venom is being built today”.
About The Venom Foundation
The Venom Foundation is a fintech company founded in Abu Dhabi, specializing in the development and implementation of high-performance blockchain solutions. Venom's mission is to provide blockchain infrastructure that streamlines financial services and is adaptable and scalable to the needs of massive national and international enterprises.
The Venom Foundation specializes in the creation, deployment, and integration of decentralized applications and services with a focus on security, speed, and regulatory compliance. The Venom network provides throughput capacity of up to 150,000 TPS with minimal fees and 99.99% uptime, supporting an ecosystem of DeFi, NFT, gaming, and enterprise solutions.
Contacts: Irene Kol, email: irene.kol@venom.network
For more information about the company and services: