- Venice launched the VVV token on Ethereum Layer 2 Base, distributing 50% of its provide to customers and AI communities.
- The platform presents uncensored, decentralized AI instruments, together with open-source LLMs and privacy-focused companies like DeepSeek.
- Venice has grown to 450,000 customers and goals to simplify AI entry whereas lowering reliance on centralized intermediaries.
Venice, a non-public and censorship-resistant AI platform, has formally unveiled its VVV token on Ethereum Layer 2 community Base. In a transfer geared toward empowering its customers and decentralized AI communities, Venice is distributing 50% of the token’s preliminary provide to its ecosystem members.
A Token Designed for Decentralized AI
The VVV token is constructed to bridge the capabilities of blockchain know-how and generative AI. Venice’s aim is to supply autonomous AI brokers, builders, and bots with entry to uncensored and decentralized inference capabilities—permitting AI to course of and interpret new knowledge with out counting on conventional banks or centralized intermediaries. This, the challenge claims, reduces prices and operational friction in comparison with closed-source AI platforms.
Curiously, whereas the VVV token enhances platform performance, it isn’t necessary for utilizing Venice’s companies, in response to an announcement shared with The Block.
VVV Tokenomics and Distribution
The tokenomics for VVV are centered on inclusivity. From its genesis provide of 100 million tokens:
- 25 million tokens are allotted to 100,000 eligible Venice customers, based mostly on a Dec. 31 snapshot.
- 25 million tokens go to Base blockchain’s decentralized AI group accounts, together with Virtuals and brokers like Luna and VaderAI.
- Claims expire on March 13, and notably, there was no pre-sale for VVV tokens.
Of the remaining provide:
- 35 million tokens (35%) are retained by Venice, with 10 million allotted to the workforce (vesting over 24 months).
- 10 million tokens (10%) are put aside for the Venice Incentive Fund.
- 5 million tokens (5%) are designated for liquidity deployment on the Base DEX Aerodrome.
Annual inflation will begin at 14%, introducing 14 million new tokens distributed to stakers and Venice, pushed by the demand for Venice’s API capability. “When you stake 1% of VVV, you get 1% of Venice’s rising API capability—indefinitely,” the challenge defined.
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What’s Venice?
Launched in Might by Erik Voorhees, the founding father of ShapeShift, Venice was created to supply non-public, uncensored, open-source generative AI. In simply eight months, Venice has grown to over 450,000 registered customers and 50,000 each day energetic customers, processing greater than 15,000 inference requests per hour.
Voorhees, who self-funded the challenge, emphasised its mission: “In a world more and more dominated by AI, people will need to have a method to work together with machine intelligence with out centralized surveillance or management. Venice is right here to make that attainable.”
The platform is free to make use of, providing entry to instruments like main open-source LLM fashions, PDF evaluation, and picture/code era. Its professional model contains larger utilization limits, AI character options, and entry to DeepSeek—a topical platform gaining traction. “If you wish to use DeepSeek with out your conversations going to the CCP, use venice.ai,” Voorhees posted not too long ago, emphasizing privateness options that retailer all knowledge domestically on customers’ browsers.
A Glimpse on the Future
With its VVV token, Venice goals to redefine decentralized AI, creating an ecosystem that prioritizes privateness, transparency, and ease of use. Because the AI business evolves at a fast tempo, Venice’s open-source method and community-driven mannequin might function a blueprint for the following era of AI platforms.
As Voorhees stated, “It doesn’t matter if AI scares you—it’s inevitable.”