Venice, a privacy-first AI platform founded by Erik Voorhees, has officially launched its VVV token on Ethereum’s Layer-2 Base network.
Venice Launches VVV Token on Base Network
With a total supply of 100 million tokens, Venice has allocated half of these tokens to users, and decentralized AI community projects through an airdrop , marking the first-ever airdrop targeting AI agents.
Sponsored
The VVV token, with a market cap of $306.25 million, surged to $19.38 during European trading hours on Monday before correcting and is currently fluctuating around the $13.67 mark.
Venice VVV token reaches $19.38 ATH on a launch day. Source: CoinMarketCap Venice positions itself as a key player at the intersection of blockchain and AI, offering a decentralized alternative to centralized AI systems.
Since its launch in May 2024, Venice has rapidly gained attention, now boasting over 450,000 registered users, with 50,000 active daily users.
Designed to offer a private, uncensored, open-source AI experience, Venice enables users to generate text, images, and code without relying on traditional intermediaries or centralized control.
Token Distribution and Allocation
Venice has distributed 25 million tokens to more than 100,000 early users, with another 25 million allocated to AI protocol accounts on Base.
These include AI agents like Luna, aixbt, and VaderAI. The remaining tokens are reserved for the Venice team, treasury, and liquidity pools .
Staking Model for Perpetual API Access
The launch also introduces a staking model, allowing users to stake their VVV tokens for perpetual API access.
As the platform’s demand grows, token holders can increase their share of the API capacity, securing continuous access to Venice’s services.
Why This Matters
Venice stands out with its privacy-first approach, offering a decentralized alternative to traditional AI platforms. The launch of its token strengthens this model, enabling users to stake tokens for perpetual access to AI services, incentivizing community growth, and ensuring greater control and security for users.
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