Venice Token

Venice was founded in 2024 by Erik Voorhees, founder of the ShapeShift exchange, and is operated from Wyoming. It runs a private AI platform with more than 200 models and ships changes often, including several tokenomics updates in 2026. All decisions sit with the company: the token has no governance. The launch in January 2025 drew criticism after wallets funded from a Venice multisig moved tokens soon after launch; Voorhees said this was within terms stated upfront.

• Venice Raises $65 Million Series A at a $1 Billion Valuation (Venice)
• Venice.ai Terms of Service
• Introducing the Venice Token (VVV) (Venice)
• Two contributors suspended from Aerodrome over trading of Venice's VVV token at launch (The Block)

In July 2026 Venice raised $65 million at a $1 billion valuation, led by Dragonfly with Coinbase Ventures, F-Prime and North Island Ventures. This backs the company, not the token directly. At genesis 35% of VVV went to Venice the company, 10% to an incentive fund and 50% to airdrops. Basescan showed about 155,000 holder addresses in September 2026. VVV trades on Coinbase, Kraken and other major exchanges, but perpetual futures volume exceeds spot. No ETFs or funds holding VVV were found.

• Venice Raises $65 Million Series A at a $1 Billion Valuation (Venice)
• Introducing the Venice Token (VVV) (Venice)
• Venice Token (VVV): Basescan
• Binance Futures API: VVVUSDT 24h ticker

The verified VVV contract lets its owner mint new tokens with no maximum-supply check, so the emission schedule is a company promise, not an on-chain rule. Emissions started at 14 million a year and were cut in steps to 2 million a year from 1 October 2026. Venice reported 33.7 million VVV burned by July 2026, and since July 2026 $5 of every $100 of API credits funds a repurchase and burn. Supply figures disagree: Basescan showed about 114.9 million on-chain, while CoinGecko showed 81.1 million total and 48.2 million circulating. Staking rewards come from newly created VVV.

• Venice (VVV) verified source: Blockscout (Base)
• Tokenomics Update: Credit Burns and a Higher DIEM Supply Target (Venice)
• Venice Raises $65 Million Series A at a $1 Billion Valuation (Venice)
• Venice Token (VVV): CoinGecko API
• VVV and DIEM (Venice API docs)

Venice reported 3.5 million registered users, 1.3 trillion tokens processed a month and about 2 million API calls a day in July 2026. In August 2026 Erik Voorhees said the company had passed a $100 million annualised revenue run rate, though no audited revenue has been published. Token use is linked to the product: staked VVV can be locked to mint DIEM, and each staked DIEM gives $1 of API credit per day. Much of this usage data comes from the company itself rather than on-chain records.

• Venice Raises $65 Million Series A at a $1 Billion Valuation (Venice)
• Venice Token VVV and the $100M Revenue Run Rate (Phemex)
• Pricing (Venice API docs)