History
It is assumed that this version of Venom shares a history with his Earth-616 counterpart.
35 years from current continuity, Venom has been posing as "Edward Saks", the aide to the Mayor of New York. "Edward" has been manipulating the city ever since Spider-Man's disappearance in preparation for his eventual return; in the process, he had re-enlisted the Sinister Six, replicated his symbiote thousands of times (chalking it up to being "lonely"), and built a security system named "WEBB" which prevents New York citizens from escaping from the city, trapping them.
J. Jonah Jameson stabs the mayor, believing him to be Venom. After realising his mistake, Jameson stabs "Edward", who then reveals himself to be Venom, consuming most of the room's occupants.
Upon meeting him, Venom is quick to berate Spider-Man for abandoning him all those years ago with a genuine sense of bitterness and sorrow, leaving the wallcrawler at a loss for words. Defeated, the Sinister Six, Spidey and Venom have their final battle, in which Sandman gives Spider-Man a detonator to make all the Sinners explode. Spidey presses the button, most likely killing Venom and putting an end to his "Reign" once and for all.[1]