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Erik Voorhees' Venice AI Launches VVV Token on Base, Hits $2B Valuation and Lists on Coinbase

Jan 27, 2025, 08:55 PM

Erik Voorhees' AI platform, Venice, has launched its VVV token on the Ethereum Layer 2 Base network. The platform, which focuses on providing private and uncensored machine intelligence, has seen significant growth since its launch in May 2024, with 400,000 registered users, 50,000 daily active users, and 15,000 inference requests per hour. Venice has opened its API to the public, enabling AI agents, developers, and third-party applications to access its services at zero marginal cost per call. The VVV token launch included an airdrop of 50% of its total supply to Venice users and holders of various tokens on the Base network, such as VIRTUALS, AERO, DEGEN, AIXBT, GAME, LUNA, VADER, CLANKER, and MOR. The token quickly reached a fully diluted valuation of over $2 billion, with trading volumes and market cap surging. Coinbase has announced support for VVV on the Base network, with the token now available for trading on Coinbase and Coinbase Exchange.