Quick Overview of Venice and $VVV: The New BASE Chain Sensation Integrated with DeepSeek, Listed on Coinbase Within 24 Hours (With Airdrop Claim Guide)
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Quick Overview of Venice and $VVV: The New BASE Chain Sensation Integrated with DeepSeek, Listed on Coinbase Within 24 Hours (With Airdrop Claim Guide)
Venice AI is an artificial intelligence platform with privacy protection, decentralization, and censorship resistance as its core principles.
Navigating Web3 tides with focused insightsAuthor: XinGPT
Introduction
Just in time for Chinese New Year's Eve, Base chain brings exciting news to lift everyone's spirits.
Last night, an AI agent project called Venice appeared on the Base chain. In less than a day, its token $VVV reached nearly $2 billion in FDV, with a circulating market cap already at $400 million—truly a lightning-fast launch.
Moreover, Coinbase listed $VVV within a day of its launch, clearly signaling strong confidence in the project.
Even more importantly, Venice is generously distributing airdrops to users across the Base chain. A full 50% of the total VVV supply will be airdropped, and many KOLs and community members have already received their share—like a hearty helping of pork knuckle rice.
In addition, regarding DeepSeek—the Chinese AI model currently drawing Western attention—Venice has explicitly stated it supports and integrates with it. This provides international users with a new FOMO trigger, especially given that DeepSeek currently only allows registration via Chinese phone numbers and social media accounts. It’s reminiscent of the “reverse GPT” scenario (when GPT initially required foreign credit cards, prompting demand among Chinese users for proxy services and crypto-based payment cards).
If you’re not yet familiar with Venice and $VVV, well-known KOL XinGPT offers a quick overview of the project below.
The article also compiles publicly available airdrop rules to help readers quickly check eligibility.
Quick take on today’s hot Base AI project - Venice @AskVenice, which just launched on Coinbase.
Venice AI is a privacy-focused, decentralized, and censorship-resistant artificial intelligence platform founded in 2024 by Erik Voorhees, creator of ShapeShift. It integrates popular open-source large models including Deepseek.
Technical Features
Decentralized Architecture
Built on Base, an Ethereum Layer 2 network, leveraging blockchain technology to ensure data security and decentralized processing, reducing reliance on traditional intermediaries.
Requests are processed through distributed GPU networks (e.g., Akash), avoiding centralized servers storing user data. All conversation records are stored solely on users’ local devices.
Open-Source Model Integration – Supports DeepSeek!
Leverages open-source models such as Meta's Llama 3.3 (text generation), Deepseek, and Stable Diffusion (image generation), enabling continuous community-driven improvements. Offers custom model training—users can upload datasets and fine-tune parameters for personalized needs.
Privacy Protection Mechanisms
Data Zero Retention: Does not store user queries or generated content; only requires IP address (which can be hidden via VPN); supports anonymous registration.
Local Processing: Prioritizes on-device execution for tasks like image generation and code debugging, minimizing data exposure risks.
Core Features
Multimodal Generation Capabilities
Text Generation: Enables uncensored conversations, document summarization, creative writing, etc., with response speed comparable to mainstream AI tools.
Image Generation: Offers over 70 style templates, high-resolution output (watermark-free in Pro version), capable of generating up to 1,000 images per day.
Code Assistance: Generates code snippets, debugs programs, and supports file uploads for analysis.
Document & Data Analysis
Supports PDF parsing, automated data visualization, and handling sensitive research projects—ideal for confidential use cases.
API & Extensibility
Pro users gain API access, allowing integration into third-party tools or workflows, with customizable system prompts to adjust AI behavior.
Key Advantages
Privacy & Censorship Resistance
Unlike mainstream AI platforms (e.g., ChatGPT), it imposes no content filters, enabling free expression—especially appealing to privacy-conscious users.
Local storage combined with blockchain ensures data sovereignty remains with users, preventing corporate surveillance.
Flexible Business Model
Free Tier: 25 daily text interactions + 10 image generations—suitable for light users.
Pro Tier: $8 monthly or $149 annually, offering unlimited text, 1,000 images/day, HD outputs, and “safe mode” toggle—highly cost-effective.
Community-Driven & Transparent
50% of VVV tokens allocated to users and the AI community, incentivizing ecosystem participation. 14% annual inflation funds API scaling.
Open-source code enables third-party audits, enhancing trust.
Potential Challenges
Content Risks: The lack of censorship may enable spread of misinformation or misuse (e.g., adult content), requiring user self-regulation.
Functional Limitations: Reliance on open-source models means certain capabilities (e.g., complex reasoning) lag behind closed-source competitors.
User Experience: While interface is clean, advanced features (e.g., model training) present a steep learning curve for non-technical users.
Tokenomics
Total supply of VVV is 100 million tokens. The primary utility is that stakers can increase inference capacity—the more VVV staked, the more API requests they can make. There is a 7-day unbonding period when unstaking.
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25 million tokens allocated to 100,000 early Venice users;
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25 million airdropped to eligible Base users, including holders of Virtuals, Luna, VaderAI, and other agents.
Airdrop determined by snapshot taken on December 31; claim deadline is March 13, and there was no VVV token pre-sale.
(TechFlow note:
Claim portal: https://venice.ai/token)
Remaining token distribution:
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35 million tokens (35%) held by Venice, with 10 million allocated to the team (linear release over 24 months).
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10 million tokens (10%) reserved for the Venice Incentives Fund.
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5 million tokens (5%) allocated for liquidity deployment on Base DEX Aerodrome.
User Metrics & Links
Since launching 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 dashboard:
https://dune.com/seoul/venice
(At time of writing, 6.5 million VVV tokens have been claimed)
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