Venice Token (VVV)

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Historical price evolution of Venice Token

Daily historical data. Updated automatically.

Venice Token emerges as a complement to the Venice AI project, launched in May 2024 by Erik Voorhees, founder and former CEO of ShapeShift (one of the first KYC-free cryptocurrency exchanges), alongside Teana Baker-Taylor, former VP at Circle. Venice AI positioned itself as a private and uncensored generative artificial intelligence platform, designed as an alternative to ChatGPT with the premise that no message sent to Venice is stored on centralised servers nor accessible to the team, with conversations saved solely in the user's local browser.

During its first months, the platform incorporated new functionalities: in July 2024 it added real-time web search with citations, and in November launched the beta version of its API for developers and AI agents. On 27th January 2025, the official launch of the VVV token took place on the Base blockchain, with a total supply of 100 million tokens and no presale of any kind. The distribution contemplated 25% via airdrop to more than 100,000 Venice users, another 25% directed to AI agent protocols on Base (including Virtuals, Luna, aixbt, VaderAI and others), whilst the remainder was allocated to treasury, team and liquidity, constituting the first airdrop in crypto history directed specifically at AI agents.

Days after the launch, VVV experienced a 50% drop after accusations of insider trading emerged, where allegedly two contributors from Aerodrome Finance (launch partner) had purchased tokens before public announcements. The Venice team addressed the incident publicly, whilst the token fell as much as 82% from its all-time high of approximately 22 USD. On 10th February 2025, Venice implemented a 43% reduction in VVV annual emissions, cutting them from 14 million to 8 million tokens.

In April 2025, Venice incorporated text-to-image generation capabilities, expanding its technological offering. A significant milestone came in August 2025 with the launch of DIEM, the ecosystem's second token with no relation to Meta's homonymous 2020 project. DIEM represents perpetual AI inference credits, where each token equals 1 USD of Venice API credit daily permanently, and can only be minted by locking VVV in staking. Simultaneously, the buy-and-burn programme was initiated, whereby Venice uses a portion of its revenue to repurchase and burn VVV in the market.

In October 2025, Venice announced the V2 version with video generation capabilities and implemented a second emissions reduction, from 8 million to 6 million annually, having burnt more than 33.7 million VVV (approximately 42% of the original supply). By March 2026, the platform had reached more than 1.3 million registered users, 50,000 daily active users and more than 15,000 inference requests per hour, consolidating its position in the decentralised AI ecosystem.

Venice AI operates as a decentralised generative artificial intelligence platform that executes open source models for text, image, code and video. The system architecture processes user conversations through a network of distributed GPUs, without recording prompts or storing interactions on centralised servers. Conversations are saved exclusively in each user's local browser, maintaining data privacy.

The ecosystem utilises two tokens built on Base, Ethereum's layer 2. VVV functions as an access token through a proportional staking system: users who lock 1% of the total supply in staking obtain access to 1% of the API's inference capacity without additional costs per request, in addition to receiving yields in VVV emissions. The second token, DIEM, represents perpetual inference credits where each unit equals 1 USD daily of API credit permanently, decoupling access to computation from the main token's price fluctuations.

The protocol implements a buy-and-burn mechanism that uses generated revenue to repurchase and destroy VVV tokens from the open market, creating deflationary pressure on the circulating supply. The system lacks decentralised governance mechanisms, concentrating all protocol decisions in Venice's development team in a centralised manner.

Data verified against external sources. Some values may have changed since the last update.