{"id":20696,"date":"2025-01-28T12:55:36","date_gmt":"2025-01-28T10:55:36","guid":{"rendered":"https:\/\/forklog.com\/en\/eric-voorhees-venice-ai-platform-launches-token-on-base-network\/"},"modified":"2025-01-28T12:55:36","modified_gmt":"2025-01-28T10:55:36","slug":"eric-voorhees-venice-ai-platform-launches-token-on-base-network","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/eric-voorhees-venice-ai-platform-launches-token-on-base-network\/","title":{"rendered":"Eric Voorhees&#8217; Venice AI Platform Launches Token on Base Network"},"content":{"rendered":"<p>The privacy-focused AI platform Venice has launched the VVV token on the Base L2 solution. Half of the initial coin offering is distributed among users and decentralized communities.<\/p>\n<p><!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Venice\u2019s mission is to provide permissionless access to private and uncensored machine intelligence<\/p>\n<p>Since launch in May 2024<br \/>\u2022 400,000 registered users<br \/>\u2022 50,000 DAU<br \/>\u2022 15,000 inference requests per hour<\/p>\n<p>Today, we open our API to the public for AI agents, devs, and 3rd party\u2026 <a href=\"https:\/\/t.co\/75V8ePC2tO\">pic.twitter.com\/75V8ePC2tO<\/a><\/p>\n<p>\u2014 Venice (@AskVenice) <a href=\"https:\/\/twitter.com\/AskVenice\/status\/1883925135825990091?ref_src=twsrc%5Etfw\">January 27, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The VVV token combines the advantages of blockchain technology and generative AI, enabling autonomous agents, bots, and developers to access uncensored and decentralized <span data-descr=\"the process by which AI applies a trained model to analyze new data and provide results based on it\" class=\"old_tooltip\">inference<\/span>\u2014the ability of AI to interpret data. The proprietary <span data-descr=\"interaction interface\" class=\"old_tooltip\">API<\/span> and absence of intermediaries reduce costs and eliminate barriers compared to closed proprietary AI services, the project&#8217;s statement notes.<\/p>\n<p>Using the token is not a mandatory requirement for working with the platform.<\/p>\n<h2 class=\"wp-block-heading\">VVV Tokenomics<\/h2>\n<p>A snapshot was taken on December 31. Of the 100 million tokens initially issued, 25 million VVV are distributed among Venice users, and another 25 million VVV among decentralized AI communities on Base. These include projects like Virtuals and agents such as Luna, aixbt, and VaderAI. Among the recipients are also 200 registered developers of Coinbase AgentKit.<\/p>\n<p>Claims can be submitted until March 13. No VVV presale was conducted.<\/p>\n<p>Of the remaining genesis issuance, 35 million VVV (35%) are allocated to Venice. Of these, 10 million tokens (10%) are designated for the project team with an immediate unlocking of 25% and subsequent vesting over 24 months. Another 10 million VVV are reserved for the Venice Incentive Fund; 5 million coins are for liquidity provision.<\/p>\n<p>Venice will provide liquidity through a pool on the Base exchange Aerodrome. VVV token stakers will be able to earn yields and gain perpetual access to the Venice API for inference, eliminating additional costs and making AI interaction accessible.<\/p>\n<p>The asset does not provide any governance privileges.<\/p>\n<p>Annually, 14 million VVV tokens will enter the market. The initial inflation rate of 14% will gradually decrease.<\/p>\n<p>The new issuance is to be distributed among users according to the Utilization Rate\u2014a metric reflecting demand for the Venice API.<\/p>\n<p><a href=\"https:\/\/u1f987.com\/en\/news\/venice-ai-emerges-as-a-decentralized-rival-to-chatgpt-and-gemini\">Launched<\/a> in May by ShapeShift founder Eric Voorhees, the platform is positioned as an alternative to centralized models like OpenAI&#8217;s ChatGPT, Anthropic&#8217;s Claude, and Google&#8217;s Gemini.<\/p>\n<p>The number of registered Venice users has reached 450,000.<\/p>\n<p>As reported, nearly a quarter of surveyed Binance users <a href=\"https:\/\/u1f987.com\/en\/news\/ai-tokens-deemed-most-promising-by-24-of-binance-users\">identified<\/a> AI tokens as the most promising.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The privacy-focused AI platform Venice has launched the VVV token on the Base L2 solution. Half of the initial coin offering is distributed among users and decentralized communities.<\/p>\n","protected":false},"author":1,"featured_media":20695,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[438,1321,1201],"class_list":["post-20696","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-artificial-intelligence","tag-base","tag-chatbots"],"aioseo_notices":[],"amp_enabled":true,"views":"36","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/20696","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=20696"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/20696\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/20695"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=20696"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=20696"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=20696"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}