Venice Launches VVV Token: First Airdrop for AI Agents
Venice Launches VVV Token, Airdropping to AI Agents
Erik Voorhees' Venice platform has launched its VVV token on Base, Ethereum's Layer 2 network. This marks a significant milestone as the first airdrop specifically targeting AI agents.
Key Highlights:
- 25% of the initial VVV token supply was allocated to AI protocol accounts on Base, including prominent agents like Luna, aixbt, and VaderAI.
- Another 25% was airdropped to over 100,000 early Venice users.
- Venice provides decentralized access to open-source AI models for text, image, and code generation via web and mobile apps. Basic usage requires no downloads or accounts.
- The platform prioritizes user privacy, storing conversations locally in browsers and encrypting data during transmission. Processing occurs via decentralized GPUs.
- A total of 100 million VVV tokens were created. 50% were distributed via airdrop.
- Users can stake VVV tokens for perpetual access to Venice's API. 1% of staked tokens grant access to 1% of API capacity.
- Venice has already attracted over 450,000 registered users and maintains 50,000 daily active users, processing over 15,000 inference requests per hour.
- Early adopters have until March 13, 2025 to claim their airdropped tokens.
- VVV is trading at approximately $16.4 at press time, with a market cap of $272 million (Dex Screener data).
According to Venice, "Inference is the primary resource for AI agents." The VVV token aims to align the interests of token holders with the generative AI industry. This allows users to leverage AI at no additional cost while maintaining privacy and decentralization.
Erik Voorhees, co-founder of Venice, highlights the need for humans to interact with AI free from centralized surveillance and control. Venice provides a private and uncensored alternative to existing AI platforms.
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