Token Hits $1.6B, Venice AI’s Secret Sauce Unveiled 😂

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Oh, look! Venice AI, brought to you by the same guy who made Bitcoin look cool, Erik Voorhees, just launched a token on Ethereum‘s Base and it’s like, totally worth $1 billion in under two hours. 🚀

The Venice Token (VVV) is so hot right now, it’s basically the FOMO of the century. Just after 6 pm UTC on Jan. 27, it hit a fully diluted value of more than $1 billion. Imagine the number of avocados that could buy! 🥑

Now, its FDV is at a whopping $1.65 billion, with a market cap of $306.4 million. Only 25 million tokens out of 100 million were released, and there are already over 13,200 tokenholders. It’s like a exclusive club, but with more math.

Venice AI says if you buy and stake VVV, you get free access to its API for all the private and uncensored AI goodness, including the new DeepSeek R-1. It’s like having a cheat code for the internet. 🎮

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Venice also decided to open its API to the public, because sharing is caring, right? 🤗

Of the 100 million VVV tokens, 25 million are for Venice users and another 25 million for Base users. It’s like a token party and everyone’s invited! 🎉

About 35% of the tokens went to Venice, 10% to an “incentive fund” (aka the cookie jar), 5% for liquidity, and 14 million tokens will be emitted annually. It’s like a never-ending token parade. 🎈

And guess what? No presale for “outside investors” and no governance mechanism. It’s like the wild west of tokens! 🤠

Since launching in May, Venice has over 400,000 registered users and 15,000 inference requests per hour. It’s like the cool kid’s club, but with more AI. 🧠

Before Venice, Voorhees was a Bitcoin pioneer and founded ShapeShift in 2014. Because, you know, one epic journey wasn’t enough. 🚀

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2025-01-28 04:01