Overview of Venice and $VVV: Integrating DeepSeek, the new rising star on the BASE chain with 24-hour login to Coinbase
Venice AI is an artificial intelligence platform centered around privacy protection, decentralization, and censorship resistance.Author: XinGPT
On the eve of the New Year, Base chain brings good news to everyone to celebrate.
Last night, an AI Agent project named Venice appeared on the Base chain, and in less than a day, its token $VVV's FDV has approached 2 billion USD, with a circulating market value reaching 400 million USD, definitely a fast-track project.
At the same time, Coinbase also listed $VVV in less than a day after the token launch, indicating a strong endorsement.
More importantly, Venice is very generous in airdropping to players on the Base chain, with 50% of the total VVV tokens being airdropped. Many KOLs and group friends have already received this generous reward.
In addition, regarding the domestically produced AI model DeepSeek, which has attracted Western attention, Venice has clearly stated that it can support and integrate with it. This brings a new FOMO point for foreigners under the current condition that DeepSeek only allows registration with domestic phone numbers and social media, giving it a bit of a "reverse GPT" flavor (at that time, GPT could only be paid with foreign credit cards, leading to a subsequent demand for domestic agents and crypto payment cards).
If you are not familiar with Venice and $VVV, well-known KOL XinGPT has provided a quick introduction to the project, as follows.
The article also consolidates the publicly available airdrop rules for everyone to quickly check if they have a chance for an airdrop.
Quick review of today's fast-track launch of the Base AI new project - Venice @AskVenice.
Venice AI is an artificial intelligence platform centered on privacy protection, decentralization, and censorship resistance, founded by ShapeShift founder Erik Voorhees in 2024, integrating open-source large models including the popular Deepseek.
Technical Features
Decentralized Architecture
Built on the Ethereum Layer 2 network Base, using blockchain technology to ensure data security and decentralized processing, reducing reliance on traditional intermediaries.
Requests are processed through a distributed GPU network (such as Akash), avoiding central server storage of user data, with all conversation records stored only on the user's local device.
Open-source Model Integration - Supports DeepSeek!
Utilizes Meta's Llama 3.3 (text generation), Deepseek, Stable Diffusion (image generation), and other open-source models, supporting continuous community improvement of technology. Provides custom model training capabilities, allowing users to upload datasets and adjust parameters to meet personalized needs.
Privacy Protection Mechanism
Zero data retention: Does not store user questions or generated content, only requires an IP address (which can be hidden via VPN), supports anonymous registration.
Local processing: Tasks such as image generation and code debugging are prioritized to be completed on the user's device, reducing the risk of data leakage.
Core Functions
Multimodal Generation Capability
Text generation: Supports uncensored conversations, document summarization, creative writing, etc., with response speeds comparable to mainstream AI.
Image generation: Offers 70+ style templates, supports high-resolution output (Pro version without watermark), generating up to 1000 images daily.
Code assistance: Can generate code snippets, debug programs, and supports file upload analysis.
Document and Data Analysis
Supports PDF document parsing, automated data visualization, and handling of sensitive research projects, suitable for confidentiality-required scenarios.
API and Scalability
Pro users can access the API, integrate it into third-party tools or workflows, and customize system prompts to adjust AI behavior.
Core Advantages
Privacy and Censorship Resistance
Unlike mainstream AI platforms (such as ChatGPT), it does not set content filters, allowing free expression, especially attracting privacy-conscious users.
Local storage and blockchain technology ensure data sovereignty belongs to users, avoiding corporate surveillance.
Flexible Business Model
Free version: 25 text interactions + 10 image generations daily, suitable for light users.
Pro version: Monthly fee of 8 (or annual fee of 149), offering unlimited text, 1000 images/day, high-definition output, and security mode options, providing high cost-performance.
Community-driven and Transparency
50% of VVV tokens are allocated to users and the AI community, incentivizing ecological participation through token economics, with an annual inflation rate of 14% for API expansion.
Open-source code allows third-party audits, enhancing trust.
Potential Challenges
Content risks: The uncensored mechanism may spread misleading information or misuse generated content (such as adult content), requiring user self-discipline.
Functional limitations: Relying on open-source models, some capabilities (such as complex logical reasoning) are weaker than closed-source competitors.
User experience: Although the interface is simple, advanced features (such as model training) have a higher threshold for non-technical users.
Token Mechanism
The total supply of VVV tokens is 100 million, primarily used for token stakers to increase inference capacity based on the amount staked; the more staked, the more API requests can be made. There is a 7-day cooling-off period for withdrawals after staking.
25 million tokens are allocated to 100,000 early users of Venice;
25 million airdropped to eligible Base users, including holders of Virtuals, Luna, VaderAI, and other Agents.
Airdrop is based on the snapshot taken on December 31; the deadline for claiming is March 13, and there was no presale for VVV tokens.
(Deep Tide Note:
Query page address: https://venice.ai/token)
The remaining token distribution is as follows:
35 million tokens (35% held by Venice, of which 10 million are allocated to the team with a 24-month linear release).
10 million tokens (10%) for the Venice incentive fund.
5 million tokens (5%) for liquidity deployment on Base DEX Aerodrome.
User Data and Related Links
Since its launch in May 2024: 400,000 registered users, 50,000 daily active users (DAU), processing 15,000 inference requests per hour.
Official website: https://venice.ai
Airdrop claim status overview:
https://dune.com/seoul/venice
(As of the time of publication, 6.5 million VVV have been claimed)
