Venice AI is a blockchain-powered generative artificial intelligence platform that prioritizes privacy and censorship resistance, offering text, image, and code generation capabilities. ^{[1] [2] [9]}

Overview

Venice AI was created to provide an alternative to centralized AI platforms, allowing users to interact with AI models without concerns about data storage, surveillance, or censorship. The platform serves over 450,000 registered users and processes approximately 15,000 inference requests per hour. ^{[2] [5] [9]}

History

Since its launch in May 2024, Venice AI has gained attention for its decentralized approach and focus on user privacy. In January 2025, the platform introduced its native token, the Venice Token (VVV), on the Base network, an Ethereum Layer 2 solution. The VVV token was designed to enable continuous and private access to Venice AI’s inference services through a staking model.

Venice Token (VVV)

The Venice Token (VVV) is the native token of the Venice AI platform, designed to integrate decentralized blockchain technology with generative artificial intelligence. Users who stake VVV tokens receive a continuous share of Venice AI’s inference capacity via the platform’s API. This mechanism enables developers and AI agents to access private and censorship-free inference services without relying on intermediaries, reducing costs and simplifying the process.

Venice AI utilizes open-source artificial intelligence models and decentralized infrastructure to ensure that user interactions remain private and censorship-free. The platform does not store or review user prompts or conversations, safeguarding data confidentiality. Additionally, Venice AI allows developers and autonomous agents to access its inference capacity through an API, eliminating the need for human intermediaries. ^{[2] [6] [4]}

Tokenomics

The total supply of Venice Token is 100 million units. Of this amount, 25% was allocated to over 100,000 eligible Venice users, while another 25% was distributed to specific Base network users, including holders of Aerodrome Finance (AERO) and Virtuals Protocol (VIRTUAL) tokens. Venice retained 35% of the tokens for its treasury, with 10% designated for an incentive fund. The remaining 5% was reserved for liquidity, with an annual issuance plan of 14 million tokens. ^{[2] [3] [4] [8] [10] [11]}

Venice AI and DeepSeek

Venice AI is a blockchain-based platform focused on private AI inference, enabling users to interact with DeepSeek’s AI model while maintaining data privacy.

DeepSeek, a Chinese AI company, has been scrutinized for data collection practices and potential transmission of user data to China. Venice AI states that its infrastructure prevents external data transmission when utilizing DeepSeek’s R-1 model. The platform has also made its API accessible to third-party developers, AI agents, and applications to facilitate private AI inference.

Venice AI has stated that there was no presale for external investors and that it does not implement a governance mechanism. Since its launch, the platform has reported over 400,000 registered users and an average processing rate of approximately 15,000 inference requests per hour.

The platform was founded by Erik Voorhees, who was previously involved in the cryptocurrency sector as the founder of the exchange ShapeShift in 2014.

Venice AI positions itself as an innovative platform in the field of artificial intelligence, providing private and censorship-free AI services through a decentralized infrastructure. With the launch of the Venice Token (VVV), the platform aims to align token holders’ interests with the continuous growth and development of the generative AI industry. ^{[7] [12]}