Venice AI Token Hits $1.65B, Unlocks Access to DeepSeek

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Venice AI Token Hits $1.65 Billion, Unlocks Private Access to DeepSeek R-1

Written by Aaron S.,

Editor-In-Chief

Last Updated: January 28, 2025

Key Takeaways

Venice AI launched its VVV token, offering private API access for AI tools like DeepSeek R-1, with privacy protections assured;
VVV token reached a market value of $306.4 million, and over 20,000 holders joined the network;
DeepSeek R-1, a rival to ChatGPT, uses less computing power but has raised privacy concerns.

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Venice AI Token Hits $1.65 Billion, Unlocks Private Access to DeepSeek R-1

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A privacy-focused artificial intelligence (AI) platform, Venice AI, launched its VVV token on January 27.

Built on Base, Ethereum’s ETH $3,042.68 Layer-2 network, the token quickly gained attention.

In a post on X, Venice AI confirmed that those who buy and stake VVV gain free access to its private application programming interface (API). This allows users to generate text, images, and code with AI tools, including the newly introduced DeepSeek R-1 model.

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DeepSeek R-1, developed by a Chinese AI company, is considered comparable to ChatGPT but uses less processing power and is open-source.

DeepSeek has raised privacy concerns, as its model is believed to collect user data and send it to China. However, Erik Voorhees, the founder of Venice AI, assured users that data generated through Venice’s platform is protected and will not be shared elsewhere.

Venice has also opened its API to developers, third-party apps, and AI agents, which offer broader integration options.

The VVV token has a market value of $306.4 million at the time of writing, with 25 million tokens in circulation out of the 100 million total supply. Additionally, over 20,000 token holders are now part of the network.

Meanwhile, the late John McAfee’s X account recently promoted a new AI token called AIntivirus. How did the crypto community react? Read the full story.