{"id":"venice-ai","title":"Venice AI","content":"**Venice AI** is a [blockchain](https://iq.wiki/wiki/blockchain)-powered generative artificial intelligence platform that prioritizes privacy and censorship resistance, offering text, image, video, and code generation capabilities. [\\[12\\]](#cite-id-U4qyCBDyGlPvISfz) [\\[1\\]](#cite-id-3GwRf0cMzn) [\\[2\\]](#cite-id-hQkKOr6nY8) [\\[9\\]](#cite-id-iknQiaeZan) \n\n$$widget0 [YOUTUBE@VID](gT30xvmdmgA)$$\n\n# Overview\n\nVenice AI was created to provide an alternative to centralized AI platforms, allowing users to interact with AI models without concerns about data storage, surveillance, or censorship. The platform emphasizes privacy by storing user conversations locally in the browser rather than on company servers. As of April 2026, the platform serves over two million registered users.  [\\[2\\]](#cite-id-hQkKOr6nY8) [\\[5\\]](#cite-id-p3EDvqCHS4) [\\[9\\]](#cite-id-iknQiaeZan) [\\[13\\]](#cite-id-LXmOOgBQ1G9cODy9) [\\[12\\]](#cite-id-U4qyCBDyGlPvISfz)​\n\n# History\n\nVenice AI launched publicly in May 2024. The platform's founder is [Erik Voorhees](https://iq.wiki/wiki/erik-voorhees), also the founder and CEO of [ShapeShift](https://iq.wiki/wiki/shapeshift). Over the following months, Venice AI introduced several key features, including real-time web search with citations in July 2024 and an early version of its developer API in November 2024. [\\[12\\]](#cite-id-U4qyCBDyGlPvISfz) [\\[14\\]](#cite-id-gTRjX3ZJFo1t2s4g)​\n\nIn January 2025, the platform introduced its native token, the Venice Token (VVV), on the [Base](https://iq.wiki/wiki/base) network, an [Ethereum](https://iq.wiki/wiki/ethereum) [Layer 2](https://iq.wiki/wiki/layer-2) solution. The VVV token was designed to enable continuous and private access to Venice AI’s inference services through a [staking](https://iq.wiki/wiki/staking) model. Development continued with the addition of text-to-image generation in April 2025, followed by the introduction of the [DIEM](https://iq.wiki/wiki/diem) token in August 2025 to represent perpetual AI inference. The announcement of Venice V2 in October 2025 brought video generation capabilities to the platform. [\\[12\\]](#cite-id-U4qyCBDyGlPvISfz)​\n\nBy March 2026, Venice AI's [fully diluted valuation](https://iq.wiki/wiki/fully-diluted-valuation-fdv) (FDV) surpassed $600 million, and it became a recommended model provider for OpenClaw, an open-source autonomous [AI agent](https://iq.wiki/wiki/ai-agents) platform. In April 2026, the platform announced it had reached two million registered users. [\\[14\\]](#cite-id-gTRjX3ZJFo1t2s4g) [\\[13\\]](#cite-id-LXmOOgBQ1G9cODy9)​\n\n# Features\n\nVenice AI offers a suite of generative AI tools with an emphasis on privacy and fewer content restrictions than many mainstream platforms. [\\[12\\]](#cite-id-U4qyCBDyGlPvISfz)​\n\n### Generative AI Tools\n\n* **Text Generation:** The platform provides general chat, long-form writing, and research assistance using various open-source large language models (LLMs).\n* **Image Generation:** Users can create images from text prompts via open-source models.\n* **Video Generation:** Introduced with Venice V2, this feature allows for text-to-video and image-to-video creation, initially available for beta and Pro users.\n* **Real-time Web Search:** Venice can access current information from the internet and provide responses with clickable source links.\n\nThese features are provided through different subscription tiers, including a free option with daily limits. [\\[12\\]](#cite-id-U4qyCBDyGlPvISfz)​\n\n### Developer API\n\nVenice AI allows developers and autonomous agents to programmatically access its inference capacity through an API. Access is allocated either through [staking](https://iq.wiki/wiki/staking) the platform's native tokens or by paying with credits, eliminating the need for human intermediaries. [\\[12\\]](#cite-id-U4qyCBDyGlPvISfz)​\n\n# Subscription Tiers\n\nVenice AI operates on a freemium model with both free and paid tiers. [\\[12\\]](#cite-id-U4qyCBDyGlPvISfz)​\n\n* **Free Tier:** Offers limited access to core features, including private text, image, and code generation. Daily usage is capped at 10 text prompts and 15 image prompts.\n* **Pro Tier:** Priced at 149 per year, this tier offers unlimited text generation, up to 1,000 images per day, access to advanced AI models, character creation, and the removal of image watermarks. It also includes a one-time grant of 1,000 credits for video generation or API use. Payments can be made with credit/debit cards, [Bitcoin](https://iq.wiki/wiki/bitcoin), or through [Coinbase](https://iq.wiki/wiki/coinbase).\n\nSubscriptions costing $1/month or more also contribute to the platform's token [burn](https://iq.wiki/wiki/token-burn) mechanism. [\\[12\\]](#cite-id-U4qyCBDyGlPvISfz) [\\[15\\]](#cite-id-kkYAkHpUjvV16T8E)​\n\n# Technology and Models\n\nVenice AI utilizes open-source artificial intelligence models and decentralized infrastructure to ensure user interactions remain private and censorship-free. The platform does not store or review user prompts or conversations, safeguarding data confidentiality. Models used include DeepSeek's R-1, \"Venice Uncensored 1.2\" (trained on [Bittensor's](https://iq.wiki/wiki/bittensor-tao) Subnet 4), glm-5.1, and access to Grok. [\\[2\\]](#cite-id-hQkKOr6nY8) [\\[10\\]](#cite-id-xUJt8CmS9U) [\\[4\\]](#cite-id-Cn6UyhJEMh) [\\[15\\]](#cite-id-kkYAkHpUjvV16T8E) [\\[13\\]](#cite-id-LXmOOgBQ1G9cODy9)​\n\nAlthough DeepSeek, a Chinese AI company, has faced scrutiny for data collection practices, Venice AI states that its infrastructure is designed to prevent external data transmission when a user interacts with models on its platform. In March 2026, Venice AI also became a recommended model provider for OpenClaw, an open-source autonomous [AI agent](https://iq.wiki/wiki/ai-agents) platform acquired by OpenAI. [\\[7\\]](#cite-id-81072ErFCT) [\\[11\\]](#cite-id-QhrFh00Amb) [\\[14\\]](#cite-id-gTRjX3ZJFo1t2s4g)​\n\n# Tokenomics\n\nVenice AI integrates decentralized [blockchain](https://iq.wiki/wiki/blockchain) technology with its generative AI services through a dual-token system consisting of the Venice Token (VVV) and the [DIEM](https://iq.wiki/wiki/diem) token. The project stated there was no presale for external investors and does not employ a governance mechanism. [\\[14\\]](#cite-id-gTRjX3ZJFo1t2s4g) [\\[7\\]](#cite-id-81072ErFCT)​\n\n## Venice Token (VVV)\n\nThe Venice Token (VVV) is the native access token of the Venice AI platform, built on the [Base](https://iq.wiki/wiki/base) network. Users who stake VVV tokens receive a continuous, pro-rata share of Venice AI’s total API inference capacity. This mechanism enables developers and [AI agents](https://iq.wiki/wiki/ai-agents) to access private and censorship-free inference services without relying on intermediaries. In addition to API access, staked VVV earns an emissions-based yield. Venice has also implemented an \"EXPAND allocation\" program to provide rewards directly to VVV token holders. [\\[12\\]](#cite-id-U4qyCBDyGlPvISfz) [\\[13\\]](#cite-id-LXmOOgBQ1G9cODy9)​\n\nThe total supply of VVV is 100 million units. Of this amount, 25% was allocated to over 100,000 eligible Venice users, and another 25% was distributed to specific [Base](https://iq.wiki/wiki/base) network users, including holders of [Aerodrome Finance](https://iq.wiki/wiki/aerodrome-finance) (AERO) and [Virtuals Protocol](https://iq.wiki/wiki/virtuals-protocol) (VIRTUAL) tokens. Venice retained 35% for its treasury and 10% for an incentive fund. The remaining 5% was reserved for liquidity, with an annual issuance plan of 14 million tokens. [\\[2\\]](#cite-id-hQkKOr6nY8) [\\[3\\]](#cite-id-sNq2ydJCOp) [\\[4\\]](#cite-id-Cn6UyhJEMh) [\\[8\\]](#cite-id-kb8hXxUqX1)​\n\n## DIEM Token\n\nLaunched in August 2025, [DIEM](https://iq.wiki/wiki/diem) is an [ERC-20](https://iq.wiki/wiki/erc-20) token on the [Base](https://iq.wiki/wiki/base) network that represents a right to perpetual AI inference. Each DIEM token entitles its holder to $1 per day of Venice AI's API credits indefinitely. DIEM can only be minted by locking staked VVV. The underlying VVV continues to earn 80% of its normal [staking](https://iq.wiki/wiki/staking) yield while locked. DIEM tokens can be staked for API access, transferred, or traded on secondary markets. [Burning](https://iq.wiki/wiki/token-burn) a DIEM token unlocks the originally staked VVV. [\\[12\\]](#cite-id-U4qyCBDyGlPvISfz) [\\[14\\]](#cite-id-gTRjX3ZJFo1t2s4g)​\n\n## Token Burn Mechanism\n\nVenice AI has implemented an on-chain, verifiable token [burn](https://iq.wiki/wiki/token-burn) mechanism for VVV. A subscription to the platform costing 1,000 worth of VVV daily. [\\[15\\]](#cite-id-kkYAkHpUjvV16T8E)​","summary":"Venice AI is a blockchain-based generative AI platform focused on privacy and censorship resistance, offering text, image, and code generation. 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The Privacy-Focused Chatbot From a Crypto OG\",\"timestamp\":1776415543301},{\"id\":\"LXmOOgBQ1G9cODy9\",\"url\":\"https://coinmarketcap.com/top-stories/69de1f4babcac7318e3218ff/\",\"description\":\"Venice Token (VVV) event on CoinMarketCap\",\"timestamp\":1776415543301},{\"id\":\"gTRjX3ZJFo1t2s4g\",\"url\":\"https://thedefiant.io/news/defi/venice-ai-surges-above-usd600-million-valuation\",\"description\":\"Venice AI Surges Above $600 Million Valuation\",\"timestamp\":1776415543301},{\"id\":\"kkYAkHpUjvV16T8E\",\"url\":\"https://www.kucoin.com/ar/news/insight/VVV/69e1657da8c1cb00074ccc17\",\"description\":\"VVV Unveils Token Burn Mechanism, Venice Uncensored 1.2 Model\",\"timestamp\":1776415543301}]"},{"id":"previous_cid","value":"\"https://ipfs.everipedia.org/ipfs/QmWBC1k9FKQ2Z9yDzwaSndKwAo7rKpjhWmN9RJEQCuSoJT\""},{"id":"commit-message","value":"\"Added Project Created event dated 2024-05-01\""},{"id":"previous_cid","value":"QmWBC1k9FKQ2Z9yDzwaSndKwAo7rKpjhWmN9RJEQCuSoJT"}],"events":[{"date":"2024-05-01","title":"Project Created","type":"CREATED","description":"Venice AI platform officially launched","link":null,"multiDateStart":null,"multiDateEnd":null,"continent":null,"country":null,"id":"2a1994fe-389b-4351-87fa-3d573e6f34e8"}],"user":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"author":{"id":"0xd5893989b9952c6568a99F854795AcC5Ae480D56"},"operator":{"id":"0x1E23b34d3106F0C1c74D17f2Cd0F65cdb039b138"},"language":"en","version":1,"linkedWikis":{"blockchains":["base","ethereum"],"founders":["erik-voorhees"],"speakers":[]},"recentActivity":"{\"items\":[{\"id\":\"56ff346f-d9d6-4c32-a8d7-06e0d7f07b46\",\"title\":\"Venice AI\",\"description\":\"Venice AI is a blockchain-based generative AI platform focused on privacy and censorship resistance, offering text, image, and code generation. Launched in May ...\",\"timestamp\":\"2026-04-17T08:59:56.357Z\",\"category\":\"Dapps\",\"status\":{\"icon\":\"RiGlobalLine\",\"label\":\"Wiki Updated\",\"iconClassName\":\"text-green-500\"},\"user\":{\"name\":\"0xd5893989b9952c6568a99F854795AcC5Ae480D56\",\"address\":\"0xd5893989b9952c6568a99F854795AcC5Ae480D56\"},\"button\":{\"label\":\"View Summary\",\"icon\":\"RiFileTextLine\"},\"summarySections\":[{\"title\":\"Title\",\"subtitle\":\"The title was changed from 'DApps' to 'Dapps'.\",\"variant\":\"modified\",\"changeCount\":1,\"changes\":[\"Changed title from 'DApps' to 'Dapps'.\"]},{\"title\":\"Summary\",\"subtitle\":\"The summary was updated to reflect the expanded content.\",\"variant\":\"modified\",\"changeCount\":1,\"changes\":[\"The summary text was modified to reflect the extensive additions to the article.\"]},{\"title\":\"Overview\",\"subtitle\":\"The Overview section was updated with new capabilities, user metrics, and privacy details.\",\"variant\":\"modified\",\"changeCount\":3,\"changes\":[\"Added 'video' to the list of generative AI capabilities. [\\\\\\\"[12]\\\\\\\"](#cite-id-U4qyCBDyGlPvISfz)\",\"Updated user count from '450,000' to 'over two million registered users' as of April 2026. [\\\\\\\"[13]\\\\\\\"](#cite-id-LXmOOgBQ1G9cODy9)\",\"Added detail that user conversations are stored locally in the browser for privacy. [\\\\\\\"[12]\\\\\\\"](#cite-id-U4qyCBDyGlPvISfz)\"]},{\"title\":\"History\",\"subtitle\":\"The History section was significantly expanded with a detailed project timeline.\",\"variant\":\"modified\",\"changeCount\":2,\"changes\":[\"Expanded the history to include the founder, Erik Voorhees, and key launch dates for features like real-time web search (July 2024), developer API (November 2024), text-to-image generation (April 2025), DIEM token introduction (August 2025), and Venice V2 video generation (October 2025). [\\\\\\\"[12]\\\\\\\"](#cite-id-U4qyCBDyGlPvISfz) [\\\\\\\"[14]\\\\\\\"](#cite-id-gTRjX3ZJFo1t2s4g)\",\"Added milestones including surpassing a $600 million valuation (March 2026) and reaching two million users (April 2026). [\\\\\\\"[14]\\\\\\\"](#cite-id-gTRjX3ZJFo1t2s4g) [\\\\\\\"[13]\\\\\\\"](#cite-id-LXmOOgBQ1G9cODy9)\"]},{\"title\":\"Venice AI and DeepSeek\",\"subtitle\":\"The 'Venice AI and DeepSeek' section was removed and its content integrated elsewhere.\",\"variant\":\"removed\",\"changeCount\":1,\"changes\":[\"Removed the standalone 'Venice AI and DeepSeek' section; its content was moved into the new 'Technology and Models' section.\"]},{\"title\":\"Features\",\"subtitle\":\"A new 'Features' section was added to detail the platform's capabilities.\",\"variant\":\"added\",\"changeCount\":1,\"changes\":[\"Added a new section describing the platform's generative AI tools (text, image, video, real-time web search) and developer API. [\\\\\\\"[12]\\\\\\\"](#cite-id-U4qyCBDyGlPvISfz)\"]},{\"title\":\"Subscription Tiers\",\"subtitle\":\"A new 'Subscription Tiers' section was added.\",\"variant\":\"added\",\"changeCount\":1,\"changes\":[\"Added a new section detailing the Free and Pro subscription tiers, including pricing, limits, and features. [\\\\\\\"[12]\\\\\\\"](#cite-id-U4qyCBDyGlPvISfz) [\\\\\\\"[15]\\\\\\\"](#cite-id-kkYAkHpUjvV16T8E)\"]},{\"title\":\"Technology and Models\",\"subtitle\":\"A new 'Technology and Models' section was added.\",\"variant\":\"added\",\"changeCount\":2,\"changes\":[\"Added a section detailing the open-source AI models used, including DeepSeek's R-1, 'Venice Uncensored 1.2', glm-5.1, and Grok. [\\\\\\\"[2]\\\\\\\"](#cite-id-hQkKOr6nY8) [\\\\\\\"[10]\\\\\\\"](#cite-id-xUJt8CmS9U) [\\\\\\\"[4]\\\\\\\"](#cite-id-Cn6UyhJEMh) [\\\\\\\"[15]\\\\\\\"](#cite-id-kkYAkHpUjvV16T8E) [\\\\\\\"[13]\\\\\\\"](#cite-id-LXmOOgBQ1G9cODy9)\",\"Clarified Venice AI's relationship with DeepSeek and its role as a model provider for the OpenClaw platform. [\\\\\\\"[7]\\\\\\\"](#cite-id-81072ErFCT) [\\\\\\\"[11]\\\\\\\"](#cite-id-QhrFh00Amb) [\\\\\\\"[14]\\\\\\\"](#cite-id-gTRjX3ZJFo1t2s4g)\"]},{\"title\":\"Tokenomics\",\"subtitle\":\"The tokenomics information was restructured into a main section with new subsections.\",\"variant\":\"modified\",\"changeCount\":1,\"changes\":[\"Elevated 'Tokenomics' to a main section and introduced a dual-token system with VVV and the new DIEM token.\"]},{\"title\":\"Venice Token (VVV)\",\"subtitle\":\"Details about the utility of the Venice Token (VVV) were expanded.\",\"variant\":\"modified\",\"changeCount\":1,\"changes\":[\"Added information that staking VVV provides API access, earns an emissions-based yield, and offers rewards through the 'EXPAND allocation' program. [\\\\\\\"[12]\\\\\\\"](#cite-id-U4qyCBDyGlPvISfz) [\\\\\\\"[13]\\\\\\\"](#cite-id-LXmOOgBQ1G9cODy9)\"]},{\"title\":\"DIEM Token\",\"subtitle\":\"A subsection for the new 'DIEM Token' was added.\",\"variant\":\"added\",\"changeCount\":1,\"changes\":[\"Added a subsection explaining the DIEM token, which represents perpetual AI inference and can be minted by locking staked VVV. [\\\\\\\"[12]\\\\\\\"](#cite-id-U4qyCBDyGlPvISfz) [\\\\\\\"[14]\\\\\\\"](#cite-id-gTRjX3ZJFo1t2s4g)\"]},{\"title\":\"Token Burn Mechanism\",\"subtitle\":\"A subsection for the 'Token Burn Mechanism' was added.\",\"variant\":\"added\",\"changeCount\":1,\"changes\":[\"Added a subsection detailing the on-chain, verifiable token burn mechanism for VVV linked to platform subscriptions. [\\\\\\\"[15]\\\\\\\"](#cite-id-kkYAkHpUjvV16T8E)\"]},{\"title\":\"Blockchains\",\"subtitle\":\"New blockchain networks were added to the wiki.\",\"variant\":\"added\",\"changeCount\":2,\"changes\":[\"Added blockchain 'base'.\",\"Added blockchain 'ethereum'.\"]},{\"title\":\"References\",\"subtitle\":\"New references were added to support the updated content.\",\"variant\":\"added\",\"changeCount\":4,\"changes\":[\"Added reference: 'What Is Venice AI? The Privacy-Focused Chatbot From a Crypto OG'.\",\"Added reference: 'Venice Token (VVV) event on CoinMarketCap'.\",\"Added reference: 'Venice AI Surges Above $600 Million Valuation'.\",\"Added reference: 'VVV Unveils Token Burn Mechanism, Venice Uncensored 1.2 Model'.\"]}]}]}"}