- Venice Token hits $1.6B valuation, with 50% tokens for airdrops.
- Token staking gives users free, continuous access to Venice’s API.
- Venice AI integrates DeepSeek R-1, offering private AI services.
Venice AI’s Venice Token (VVV) has arrived, making waves in the crypto and AI sectors. The token, valued at $1.6B, focuses on giving users private access to advanced AI tools, reshaping how we think about data privacy in the AI-driven world.
Venice AI Token Hits $1B Valuation after Launch
Venice AI has launched its Venice Token (VVV), achieving an impressive $1.6 billion valuation within hours of its release. The token debuted on January 27, 2025 and captured significant attention from the market. VVV token, which is built on Ethereum’s layer-2 Base network, is designed to provide decentralized access to Venice AI’s services while prioritizing user privacy.
The token’s market cap initially rose to $306 million, with 25 million tokens in circulation. Venice AI’s community-driven approach and strategic airdrops contributed to the rapid growth of the token’s value and user base.
A Commitment to User Privacy and Security
Venice AI aims to offer a privacy-first alternative to centralized AI systems. The platform promises security of user data and encrypted interactions which differentiates it from competitors like DeepSeek, which has faced concerns over user data handling.
Moreover, Venice AI has integrated third-party applications and AI agents into its ecosystem. Its open-source approach and the launch of the DeepSeek R-1 model, is expected to disrupt the AI landscape. This model provides private, uncensored generative content, such as text, images and code.
Erik Voorhees, the founder of Venice AI, previously gained recognition as a Bitcoin advocate and the co-founder of ShapeShift. Voorhees aims to decentralize AI access through Venice AI as well as improve security and privacy of user data. The platform’s user base now exceeds 450,000 registered members due to its commitment to transparency and user empowermen
VVV Tokenomics and Community-Driven Approach
The Venice Token offers holders access to exclusive AI services in the ecosystem. Users can stake their tokens to gain free and continuous access to Venice’s API. This staking model supports user participation and rewards them with API access based on their token holdings.
The Venice Token’s market debut attracted more than 13,000 holders within a few days, showing strong interest. The token distribution strategy involves community engagement through airdrops and allocations to key protocol accounts on the Base blockchain. Venice AI has set aside 25 million tokens for its community, while another 25 million are allocated to Base users and strategic partners.
As the platform continues to expand, the platform plans to release 14 million tokens annually. This ongoing token release is designed to meet the demand in the dynamic ecosystem.