The Republic of Venice, officially the Most Serene Republic of Venice and traditionally known as La Serenìssima, was a sovereign state and maritime republic with its capital in Venice. Founded, according to tradition, in 697 by Paolo Lucio Anafesto, over the course of its 1,100 years of history it established itself as one of the major European commercial and naval powers. Initially extended in the Dogado area (a territory currently comparable to the Metropolitan City of Venice).