Venice AI is basically decentralized ChatGPT
People hate on $VVV but only few understand what @ErikVoorhees accomplished here
$VVV has potential to become on of the biggest AI projects in whole crypto
You can fade. You can hate. But you can’t ignore
Betting on $VVV
Wondering what's Venice AI and $VVV?
Here is summary of my latest deep dive (shared yesterday via my newsletter)
@AskVenice is a next-generation blockchain-powered AI platform that aims to differentiate itself from traditional AI services.
Core Features
- Built on @base L2 (Ethereum's Layer 2 scaling solution)
- Allows users to choose from multiple large language models (LLMs)
- Powered by native cryptocurrency $VVV token
- Launched in May 2024 with impressive early metrics:
400,000 registered users
50,000 daily active users
15,000 inference requests per hour
Unique Selling Points
- Emphasizes decentralization, transparency and onchain agentic features. that challenge the status quo
- Focuses on privacy and censorship resistance
- Uses "abliterated models" with reduced built-in restrictions
- Offers an uncensored AI experience with a "Safe Venice" mode
Token and Ecosystem: The $VVV token can be used to:
- Pay for AI services
- Stake for rewards
- Unlock premium features like Venice AI Pro
Airdrop Details: ±40 days to claim
Snapshot taken on December 31st, 2024, including tokens from these communities
$Virtuals by @virtuals_io
$Aero by @AerodromeFi
$Degen
$AIXBT
$GAME
$Luna
$Vader
$Clanker
$Mor
Staking Potential
Currently offers over 500% annual returns, allowing users to earn significant rewards by staking tokens.
Venice AI Token Launch Controversies
Insider Trading (Venice Team not involved):
- Two Aerodrome employees suspended
- Allegedly turned $50k into $1M within an hour
- Investigated and terminated by Aerodrome
Team Token Sales:
- Sold 1% of total supply on day one
- Technically within vesting rules
- Raised ethical questions about token distribution
Result: 50% price drop in 24 hours, from $1.65B to $1.02B valuation
For the full deep dive, including my take on where Venice AI fits in within AI x Crypto, check out the full article below 👇
This is why you don't store user data.
If you want to use DeepSeek without this happening, try https://t.co/m2jsJuCX8k. No user convos are stored ever anywhere.
https://t.co/15iNw02Xyo