Now the situation looks less clear. According to sources, previous statements about the cancellation have been questioned by several journalists, including Jason Schreier. He briefly and directly refuted these reports. In the same discussion, a confirmed developer stated that the project was still being discussed at this year's Game Developers Conference, which contradicts the version of a complete shutdown.
If anyone had already resigned themselves to the idea that Insomniac's Venom had been shelved, it seems it was too soon. For now, these are behind-the-scenes comments, but the main thing is that a strong signal has emerged that the game has not been canceled. There is no full confirmation, but there are significantly more reasons to anticipate the project.