What is Venice Token? Venice Token, represented by VVV, is an ERC-20 utility asset for Venice.ai, a privacy-focused artificial intelligence platform deployed on Base, an Ethereum layer-2 network. It connects token ownership with private AI inference, staking rewards, Venice Pro access and tokenized computing capacity through DIEM.
What is Venice Token and how does it work?
VVV operates through smart contracts on Base rather than through an independent blockchain. Its Base contract is 0xacfE6019Ed1A7Dc6f7B508C02d1b04ec88cC21bf, and the token uses 18 decimals. Base handles transactions and smart-contract execution, while Ethereum provides the underlying settlement layer for the rollup architecture.
The Venice platform offers text, image, video, audio and code-related AI workflows through a consumer application and an API compatible with OpenAI-style interfaces. Venice documentation describes access to more than 100 text models, including open-weight and advanced reasoning models. The platform also supports wallet-linked access, autonomous-agent API keys and USDC payments through its x402 system.
VVV holders can stake the token and receive sVVV, a staking receipt. Locked sVVV can be used to mint DIEM, an ERC-20 token representing recurring Venice computing capacity. Each staked DIEM provides $1 of Venice credit per day, with the allowance refreshing at 00:00 UTC and unused credit not rolling over. DIEM unstaking has a one-day cooldown, while unlocking the sVVV backing minted DIEM requires burning the corresponding DIEM and involves a seven-day cooldown.
Primary use cases and applications
The main use case is access to privacy-oriented AI inference. Venice states that it does not log conversations for training and emphasizes private or anonymized interactions, although privacy depends on the model provider. Third-party proprietary models may receive anonymized requests and are not fully private from those providers.
Staking 100 VVV provides Venice Pro access according to Venice’s current utility page. Pro features include unlimited text prompts and access to advanced image and video models. Developers can also use the API for applications, decentralized protocols and AI agents.
DIEM extends the token’s use beyond individual users. Agents, decentralized applications, DAOs and smart-contract-based services can hold a transferable, recurring AI budget rather than paying for every inference request separately.
Who is behind Venice Token and where is it based?
Venice.ai was founded in 2024 by Erik Voorhees, who is identified by the company as founder and CEO. Venice’s July 18, 2024 introduction also identified Teana Baker-Taylor as chief operating officer and described the project as being developed by a small team. Jesse Proudman is identified by some third-party company profiles as co-founder, president and chief technology officer, while Venice’s primary introductory materials do not publish a complete developer roster.
Venice.ai launched its platform in May 2024, introduced its API by November 2024 and launched VVV on 27 January 2025. The project later released mobile applications for iOS and Android on 14 August 2025. In July 2026, Venice announced a $65 million Series A led by Dragonfly at a reported $1 billion valuation.
The operating company is Venice.ai, Inc., identified in its terms of service as a Wyoming corporation. Its listed address is 1309 Coffeen Ave, Ste 14343, Sheridan, Wyoming 82801, United States. The available sources do not confirm a separate foundation or other legal entity responsible for the token.
Tokenomics and supply
VVV launched with a genesis supply of 100 million tokens. The original distribution allocated 50% to Venice users and the crypto-AI community, 35% to Venice.ai for development and growth, 10% to the Venice Incentive Fund and 5% to liquidity. The community allocation included more than 100,000 Venice users and AI-focused protocols and agents such as Virtuals, AIXBT, Luna and VaderAI. Venice stated that it held no presale.
CoinStats reports a current total supply of 81,079,538 VVV and a circulating supply of 48,272,537 VVV. The supply changes through staking emissions, unclaimed-airdrop treatment and burns. Annual emissions originally began at 14 million VVV, were reduced in stages, and reached 2 million VVV per year from 1 October 2026.
Venice also uses revenue-linked burns. A portion of subscription revenue is used to buy and burn VVV, while $5 of every $100 spent on Venice API credits is directed to purchases and burns. The net supply effect depends on the relationship between these burns and newly emitted tokens.
Consensus and security
VVV has no independent mining or proof-of-stake consensus mechanism. It is an ERC-20 token whose balances, transfers, staking and minting rules are enforced by smart contracts on Base. VVV staking provides access to Venice services and emissions, but it does not validate Base blocks or secure Ethereum.
Security therefore depends on Base and Ethereum’s infrastructure, the Venice contracts, the DIEM minting system and the operational security of the Venice API. Venice has stated that the token was audited, although the available materials do not establish that every application or infrastructure risk has been eliminated.
Partnerships, advantages and roadmap
Venice is integrated with Base, Aerodrome, Coinbase and the Eliza AI-agent framework. Its ecosystem also includes relationships with Base AI-agent projects and access to models associated with providers such as OpenAI, Anthropic, Google and xAI. These relationships include integrations and distribution arrangements, not necessarily exclusive partnerships.
The project’s main differentiator is the direct connection between AI usage and token utility. VVV can provide staking access, while DIEM turns locked token collateral into a transferable daily AI budget. Venice combines that model with privacy-focused positioning, a multi-model API, agent-oriented infrastructure and revenue-linked burns.
Development priorities include video generation, open-source video models, access to models such as Sora 2, Google Veo3 and Kling Turbo, scalable video credits and deeper integration of VVV into Venice’s products. In the CoinStats snapshot captured on 1 October 2026 at 01:24 UTC, VVV traded at $27.42, up +1.05% over 24 hours. Its market cap was $1.32B (rank #88), with $34.69M in 24h volume, while the all-time high was $34.53, the current price is 20.60% below it.