praise, honour, or respect very highly
venerate - praise
The word ‘venerate’ is essentially a stronger form of praising or honouring somebody or something. It borders on worshiping and awe, so it is usually directed towards somebody who you think extraordinarily highly of. You may also venerate those you don’t particularly think well of for the purpose of personal gain, such as your boss.
The organizing committee came up with a plan to venerate the town’s most famous poet.
Veneration of the dictator’s leadership is common in that country, but it stems from fear rather than genuine feeling.
The veneration the actor received in her lifetime was as much for her charity work as her iconic screen performances.