Key Takeaways
- Venice’s VVV token launch marks the first airdrop targeting AI agents, with 25% of the supply allocated to AI protocol accounts on Base.
- The platform offers decentralized, private AI access, attracting over 450,000 users and enabling VVV token staking for perpetual API capacity.
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Erik Voorhees’ Venice platform has officially launched its VVV token on Ethereum’s Layer 2 Base network.
VVV is the first airdrop specifically targeting AI agents, with 25% of the genesis supply allocated to AI community protocol accounts on Base, including Virtuals and agents like Luna, aixbt, and VaderAI.
Another 25% of the supply was airdropped to over 100,000 Venice users, recognizing their early support of the platform.
The platform, which launched in May 2024, provides decentralized access to open-source AI models for generating text, images, and code through web and mobile apps, without requiring downloads or accounts for basic use.
Venice stores conversations only in local browsers and encrypts data during transmission, processing it through decentralized GPUs.
Venice created 100 million VVV tokens, with 50% distributed via airdrop to Venice users and the crypto x AI community.
The remaining tokens were allocated to Venice’s treasury, team, and liquidity pools. Users can stake VVV tokens to gain perpetual access to Venice’s API capacity, with 1% of staked tokens granting access to 1% of the platform’s API capacity.
“Inference is the primary resource for AI agents,” Venice stated. “VVV aligns the interests of token holders and the generative AI industry, allowing users to leverage AI at no marginal cost while maintaining privacy and decentralization.”
The platform has attracted over 450,000 registered users and maintains 50,000 daily active users, processing more than 15,000 inference requests per hour. Early adopters have until March 13, 2025, to claim their airdropped tokens.
Erik Voorhees, co-founder of Venice, stated that in an era of increasing AI integration, it is essential for humans to interact with machine intelligence free from centralized surveillance and control.
He emphasized that Venice offers a private and uncensored alternative to existing AI platforms.
At press time, the VVV token is available on major Base DEXs, trading at approximately $16.4 with a market cap of $272 million, according to Dex Screener data.
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