Venice, a privacy-focused AI platform founded by Erik Voorhees, has launched its VVV token on Ethereum's layer-2 Base network. The launch included an airdrop of 50 million VVV tokens, representing half of the total 100 million token supply, to Venice users and holders of various AI-related tokens on the Base network. The platform, which began operations in May 2024, has since grown to over 450,000 registered users, with 50,000 daily active users and processing 15,000 inference requests per hour. Venice's mission is to provide private, uncensored AI access through its API, which is now open to the public for AI agents, developers, and third-party applications. The VVV token enables users to stake and access Venice's AI inference at zero marginal cost, with the platform supporting open-source models including the new DeepSeek R1 model. The launch of VVV has seen significant market interest, with the token reaching a fully diluted valuation of over $2 billion within hours of its launch and being listed on major exchanges like Coinbase, KuCoin, and Bybit. Venice plans to add 14 million VVV tokens annually, with the initial staking APR at 1,386%, later adjusting to 470%. The token has attracted 38,182 holders since its launch.