"Venice Token Surges to $1B in Hours, Sparking Crypto Excitement"

Venice AI, a private and uncensored alternative to popular AI apps developed by Erick Voorhees, recently launched a token named Venice Token (VVV) on Base, a layer-2 network of Ethereum. The launch of VVV has sparked excitement in the cryptocurrency market, with the token achieving a fully diluted valuation of over $1 billion within just two hours of its release.

The FDV of VVV currently stands at $1,644,752,372, representing a 56.5% growth in the last 24 hours. At its peak on January 28, the market cap of VVV reached around $390,336,994, which is 13.22% higher than its current market cap of $338,704,512. The 24-hour trading volume of VVV is approximately $487,723,885.

The total supply of Venice Token is at least 100,174,475. The distribution breakdown includes 50% for airdrops to Venice users and the crypto x AI community, 35% for the Venice.ai company, 10% for the Venice Incentive Fund, and 5% for liquidity deployment. This means that at least 50 million VVV is designated for the airdrop process, around 35 million for the company, nearly 10 million for the fund, and over 5 million for liquidity deployment.

Venice uses leading open-source AI technology to deliver uncensored, unbiased machine intelligence, setting it apart from other platforms with its commitment to privacy. The platform currently has at least 400,000 registered users and an average inference requests per hour of around 15,000.

DeepSeek, the latest sensation in the crypto community, has created a stir in the US AI projects landscape with its low-GPU, cost-effective AI model. However, concerns have been raised about the platform's handling of data and its Chinese connection. In a recent statement, Voorhees assured users that when DeepSeek R-1 is used through Venice, no data can be stolen.

Venice AI's remarkable token launch demonstrates the intersection of the crypto world and AI innovation. With its privacy