Venice AI has launched its token, Venice Token (VVV), achieving over $1 billion in valuation within two hours of its introduction. The token, built on Ethereum’s Base layer-2 network, reached a market valuation peak of approximately $390 million but has since adjusted. Venice Token’s total supply is 100 million VVV tokens, primarily allocated for airdrops and company funding, reinforcing privacy and user security within the AI domain amid scrutiny of competitor DeepSeek.
Venice AI, initiated by Erick Voorhees, presents a new token known as Venice Token (VVV), designed as a private and uncensored alternative to mainstream AI applications. This token is based on Ethereum’s Base layer-2 network and has rapidly gained traction within the cryptocurrency sector, launching on January 27, 2025, with a fully diluted valuation (FDV) of over $1 billion within only two hours of release.
Following its initial rise, Venice Token’s FDV reached $1,644,752,372, reflecting a substantial 56.5% increase in market value in the preceding 24 hours. However, after peaking at approximately $390,336,994 on January 28, the market cap has since reduced to $338,704,512—a decline of 13.22%, despite maintaining a robust trading volume of $487,723,885.
The total supply of Venice Token comprises 100,174,475 VVV tokens, which are allocated as follows: 50% (50 million VVV) for airdrops to Venice users and the crypto and AI community; 35% (35 million VVV) for the Venice.ai enterprise; 10% (10 million VVV) dedicated to the Venice Incentive Fund; and 5% (5 million VVV) reserved for liquidity deployment.
Emphasizing its commitment to open-source AI technology, Venice AI promotes privacy while providing unbiased machine intelligence. This user-centric approach has contributed to a notable user base exceeding 400,000 and enables the platform to handle around 15,000 inference requests hourly.
Amidst Venice AI’s ascent, the crypto sphere is also vigilant about DeepSeek, an AI venture notable for its economical, low-GPU AI model, which has caused ripples in the US market. Despite concerns regarding DeepSeek’s data management and its connections to China, Voorhees has reassured users that data security is paramount and that using DeepSeek via Venice poses no risk to user information. The Venice Token rollout epitomizes the merger of AI and cryptocurrency, fostering progress in both fields.
