Author: XinGPT
On the eve of the Lunar New Year, the Base chain has brought good news to everyone to cheer them up.
Last night, a project called Venice, an AI Agent, appeared on the Base chain, and in less than a day, its token $VVV's FDV has reached nearly $2 billion, and its circulating market value has already reached $400 million, a true fast-moving plate.
At the same time, Coinbase also listed $VVV in less than a day after the token was released, which speaks volumes about its promising prospects.
More importantly, Venice is very generous in airdropping to the players on the Base chain, with 50% of the total VVV tokens to be airdropped, and many KOLs and group friends have already received this bountiful pork leg meal.
In addition, for the DeepSeek, a domestic AI model that is currently attracting Western attention, Venice has clearly stated that it can support and integrate it, which also brings a new FOMO point to the foreigners under the current condition that DeepSeek only allows registration with domestic mobile numbers and social media, with a bit of a "reverse GPT" flavor (at that time, GPT could only be paid with foreign credit cards, and the demand for domestic agent and cryptocurrency payment cards subsequently arose).
If you don't know about Venice and $VVV yet, the well-known KOL XinGPT has done a quick introduction to the project, the full text is as follows.
The article also integrates the public airdrop rules, so that everyone can quickly check whether they have the opportunity to receive the airdrop.
Quickly comment on the Base AI new project - Venice @AskVenice that went live on Coinbase today.
Venice AI is an artificial intelligence platform with privacy protection, decentralization and non-censorship as its core, founded by ShapeShift founder Erik Voorhees in 2024, with the underlying integration of open-source large models including the popular Deepseek.
Technical Features
Decentralized Architecture
Built on the Ethereum Layer 2 network Base, using blockchain technology to ensure data security and decentralized processing, reducing reliance on traditional intermediaries.
Process requests through a distributed GPU network (such as Akash) to avoid storing user data on a central server, with all conversation records only stored on the user's local device.
Open Source Model Integration - Supports DeepSeek!
Adopts Meta's Llama 3.3 (text generation), Deepseek, Stable Diffusion (image generation) and other open-source models, supporting community continuous improvement of technology. Provides custom model training capabilities, allowing users to upload datasets and adjust parameters to meet personalized needs.
Privacy Protection Mechanism
Zero data retention: does not store user questions or generated content, only requires IP address (can be hidden through VPN), supports anonymous registration.
Local processing: image generation, code debugging and other tasks are prioritized to be completed on the user's device, reducing the risk of data leakage.
Core Functions
Multi-modal Generation Capabilities
Text generation: supports uncensored dialogue, document summarization, creative writing and other functions, with response speed comparable to mainstream AI.
Image generation: provides 70+ style templates, supports high-resolution output (Pro version without watermark), with a daily generation capacity of 1,000 images at 312.
Code assistance: can generate code snippets, debug programs, and support file upload analysis.
Document and Data Analysis
Supports PDF document parsing, automated data visualization and sensitive research project processing, suitable for confidential scenarios.
API and Extensibility
Pro users can access the API, integrate with third-party tools or workflows, and customize system prompts to adjust AI behavior.
Core Advantages
Privacy and Non-Censorship
Unlike mainstream AI platforms (such as ChatGPT), it does not set content filters, allowing free expression, especially attracting users concerned about privacy.
Local storage and blockchain technology ensure data sovereignty belongs to users, avoiding corporate monitoring.
Flexible Business Model
Free version: 25 text interactions and 10 image generations per day, suitable for light users.
Pro version: $8 per month (or $149 per year), provides unlimited text, 1,000 images/day, high-definition output and non-security mode options, with high cost performance.
Community-driven and Transparency
50% of VVV tokens are allocated to users and the AI community, using token economics to incentivize ecosystem participation, with an annual inflation rate of 14% for API expansion.
Open-source code allows third-party audits, enhancing trust.
Potential Challenges
Content risk: the non-censorship mechanism may spread misinformation or abuse generated content (such as adult content), requiring user self-discipline.
Functional limitations: relying on open-source models, some capabilities (such as complex logical reasoning) are weaker than closed-source competitors.
User experience: although the interface is simple, the advanced features (such as model training) have a relatively high threshold for non-technical users.
Token Mechanism
The total supply of VVV tokens is 100 million, and the main function is that token stakers can increase their inference capacity based on the amount staked, and the more they stake, the more inference requests they can make through the API. There is a 7-day cooling-off period after withdrawal.
25 million tokens are allocated to 100,000 early Venice users;
25 million tokens are airdropped to eligible Base users, including Virtuals and holders of Luna, VaderAI and other Agents.
The airdrop is based on the snapshot as of December 31st; the deadline for claiming is March 13th, and there is no pre-sale for VVV tokens.
(TechFlow note:
Query page address: https://venice.ai/token)
The remaining Tokens are distributed as follows:
35 million Tokens (35%) are held by Venice, of which 10 million Tokens are allocated to the team (24-month linear release).
10 million Tokens (10%) are used for the Venice Incentive Fund.
5 million Tokens (5%) are used for liquidity deployment on the Base DEX Aerodrome.
User Data and Relevant Links
Since its launch in May 2024: 400,000 registered users, 50,000 daily active users (DAU), processing 15,000 inference requests per hour.
Official website: https://venice.ai
Airdrop claim status overview:
https://dune.com/seoul/venice
(As of the time of writing, 6.5 million VVV Tokens have been claimed)
