Venice Token (VVV) is the native token of Venice.ai, a privacy-focused generative-AI platform, issued as an ERC-20 on Base (EVM).
Venice.ai provides access to open-source large language models, including DeepSeek R1, alongside image and code generation, under a no-data-retention, local-first privacy architecture, with an unrestricted "AI Characters" feature in its Pro tier. VVV traded at $17.0589 with a market capitalization of roughly $815-820 million as of 2026-08-31.
Venice Token differentiates itself by tying token value directly to platform revenue through a programmatic buyback-and-burn mechanism rather than governance rights.
Since July 2026, Venice.ai has directed $5 of every $100 spent on API credits toward buying back and burning VVV, funded by a business that reported an annualized revenue run-rate surpassing $100 million as of August 17, 2026. Combined with successive cuts to annual token emissions, the mechanism is designed to make VVV increasingly deflationary as platform usage grows, distinguishing it from tokens whose supply depends solely on fixed schedules.
VVV is explicitly not a governance token; Venice.ai states on its official blog that holders have no voting rights over the protocol, making it a pure utility and staking token.
Venice Token's circulating supply is approximately 47.7 million VVV, out of a total supply near 80.9 million, as of 2026-08-31. The genesis supply at launch was 100 million VVV, and the current total supply implies a fully diluted valuation near $1.37-1.4 billion.
Venice Token launched on Base on January 27, 2025, as an ERC-20 with a 100 million genesis supply and no pre-sale. The contract was deployed January 23, 2025, shortly after Venice AI's 2024 founding.
Venice Token is deployed exclusively on Base, an EVM-compatible chain, where it operates as an ERC-20 token.
No bridged or wrapped version of VVV has been found on any other chain; Venice's own blog confirms Base as the token's sole trading chain.
Venice AI was founded in 2024 by Erik Voorhees, creator of the ShapeShift exchange, who serves as CEO, alongside co-founders Jesse Proudman and Teana Baker-Taylor.
Baker-Taylor previously served as Vice President of Policy and Regulatory Strategy at Circle. Venice's own "Introducing the Venice Token" blog post credits token design collectively to "the Venice team" without naming individuals.
Venice Token is issued and maintained by Venice.ai (Venice AI), a privacy-focused generative-AI company that operates the platform the token is built around.
Venice.ai raised a $65 million Series A led by Dragonfly at a $1 billion equity valuation, announced in July 2026 — its first outside-capital round — while already profitable, with participation from North Island Ventures, Coinbase Ventures, F-Prime, Archetype, Liquid2 Ventures, and Morgan Creek. Proceeds are earmarked to build the company's own compute infrastructure, including its first data center, reducing reliance on leased GPUs.
Venice Token carries no governance rights: Venice.ai states directly on its official blog that VVV holders have no voting authority over the protocol.
No DAO, on-chain voting mechanism, or token-holder governance process for protocol parameters exists. Protocol direction, including emission-rate changes and the buyback-and-burn program, is set by Venice.ai rather than through community proposals or treasury votes.
Venice's near-term roadmap centers on deepening its revenue-to-burn linkage and tapering token issuance rather than new product launches.
No formal third-party smart-contract audit of Venice Token is on file; CertiK's Skynet project page lists both "CertiK Audit" and "3rd Party Audit" as "No."
The contract carries a Verified Contract badge on CertiK and a Skynet Score of 83.46 (Grade A) — a passive risk-monitoring rating, not an audit. Holder concentration is elevated: CertiK reports the single largest holder holds approximately 30.76% of supply, though top-holder figures can include treasury, staking, and liquidity contracts rather than only individual wallets.