AI Platform Venice Launches VVV Token

AI platform Venice has unveiled its VVV token on the Ethereum Layer 2 network Base, distributing half of the initial supply to users and decentralized AI communities.

Venice is a private, censorship-resistant AI platform built on open-source models and powered by decentralized infrastructure.

The VVV token aims to combine blockchain technology with generative AI, enabling autonomous AI agents, bots, and developers to access uncensored and decentralized inference through its API, eliminating reliance on human intermediaries and traditional banking. This approach notably reduces costs and friction compared to closed-source AI platforms.

VVV Tokenomics

As of a snapshot on Dec. 31, of the 100 million tokens created at Genesis, 25 million were allocated to over 100,000 eligible Venice users and 25 million to AI community protocol accounts on Base, including Virtuals, agents like Luna, aixbt, VaderAI, and approximately 200 registered Coinbase AgentKit developers. Claims expire on March 13. Notably, there was no pre-sale of VVV tokens.

Of the remaining supply, 35 million VVV (35%) were allocated to Venice, with 10 million (10%) granted to the project’s team, subjected to a vesting schedule. 10 million tokens (10%) were reserved for the “Venice Incentive Fund,” and 5 million (5%) for liquidity deployment.

Venice plans to provide liquidity through a public pool on the Base DEX Aerodrome. Users staking tokens will earn yields and access the Venice API at zero marginal cost. As stated by Venice, “If you stake 1% of VVV, you get 1% of Venice’s growing API capacity, indefinitely.” However, the token doesn’t include governance privileges.

An annual addition of 14 million VVV tokens will create an initial inflation rate of 14%, declining over time. New emissions will be distributed to stakers and Venice based on the Utilization Rate, a measurement of API demand.

What is Venice?

Founded by Erik Voorhees in May, Venice aims to provide a platform for private, uncensored, open-source generative AI. The platform claims over 450,000 registered users and 50,000 daily active users, facilitating over 15,000 inference requests per hour.

“In a world of growing AI integration, it’s crucial for users to interact with machine intelligence without centralized oversight,” stated Voorhees. With VVV, Venice enables easy access for AI agents and developers via its API.

Venice offers free features, including access to open-source LLM models, PDF analysis, and content generation. Revenue is generated through a pro version providing higher interaction limits with AI models and exclusive features such as the DeepSeek platform.

In October, Voorhees emphasized on a podcast that even if AI is alarming, its integration is inevitable.