TLDR
- With a total cap of 100 million tokens, Venice.ai's VVV token on Base blockchain offers costless AI API access to those who stake, revolutionizing how users interact with AI.
- Half of the tokens are being distributed in an airdrop to 100,000 Venice participants and various AI initiatives, with the rest allocated among Venice.ai (35%), liquidity efforts (5%), and incentive programs (10%).
- The platform prides itself on privacy, avoiding data retention, censorship, and the necessity for identity checks.
- Participants staking 1% of the VVV tokens are granted 1% of Venice's compute resources perpetually, alongside rewards from emitted tokens.
- Venice currently supports 450,000 users and processes around 15,000 inference requests hourly, with airdrop claims available until March 13, 2025.
In January 2025, the decentralized AI frontier advanced with Venice.ai's groundbreaking initiative. introduced its VVV token. This launch signifies a shift in AI access, transitioning from standard pay-per-use models to a staking-based dynamic.
Erik Voorhees, a prominent figure in the crypto space and founder of the ShapeShift exchange, is behind this venture. Venice.ai in May 2024. The platform's user base has swelled to 450,000, handling about 15,000 inference tasks every hour. These statistics highlight a steady growth in users leading up to the token's debut.
The VVV token, operating on Coinbase's Base chain, has a fixed supply of 100 million. Venice.ai has effectively spread 50% of these tokens via airdrops to 100,000 users and AI projects to ensure extensive distribution.
The token allocation strategy dedicates 35% to Venice.ai, 5% for liquidity support, and 10% for incentives, all intended to sustain operations and spur future growth.
The platform’s innovative staking model enables users to access a proportionate share of Venice’s computational ability. For example, staking 1% of VVV translates to a 1% share of the network’s processing capacity.
In addition to access, stakers benefit from annual emissions. Every year, 14 million VVV tokens are released, offering stakers regular returns on their investment, encouraging long-term engagement.
Venice.ai’s commitment to privacy sets it apart from the likes of major AI providers by eschewing data storage and identity verification, aligning with the demand for independent AI innovation.
ad intellectum infinitum
Speech is to be free
Privacy is to be default
Intelligence is to be unrestricted https://t.co/qkQjD16bHb— Erik Voorhees (@ErikVoorhees) January 27, 2025
The VVV token focuses on AI agents, automated programs that require regular AI calculations. By eliminating usage fees and reducing privacy risks, it aims to foster a more open environment for these agents.
The platform’s API has been integrated with numerous AI frameworks, like Eliza, catering to a wide range of development needs and allowing developers to leverage what Venice dubs 'unrestricted intelligence' whilst upholding privacy principles.
VVV tokens began trading on the Aerodrome exchange right after launch, emphasizing immediate hands-on utility over pre-sales or governance functionalities.
Users have until March 13, 2025, to claim airdrop tokens through venice.ai/claim, ensuring ample time to get involved in the initial token release.
As the Venice compute infrastructure scales to potential future demand, its ability to uphold performance and privacy will be crucial to VVV’s standing in the market.
This token’s unveiling comes when the AI space is increasingly interested in decentralized methodologies, addressing prevalent concerns over control and privacy in AI development.
Several AI frameworks, including Virtuals, Luna, and VaderAI, were part of the token airdrop distribution, promoting synergistic development within the AI community.
Recent data shows consistent growth in both user engagement and inference activities, signaling ongoing interest in AI solutions that prioritize privacy.
