Cryptopedia - Venice Token
Venice.ai is a private, censorship-resistant generative AI platform for text conversations, image and code generation and AI Character interaction, built on open-source models and powered by decentralized infrastructure. Led by Erik Voorhees and Teana Baker-Taylor, Venice was founded in May 2024, and today supports more than 450,000 users. The Venice token (VVV) combines the benefits of decentralized blockchain technology with generative AI. Users who stake VVV are eligible to receive an ongoing share of Venice.ai's inference capacity through the Venice API. VVV allows autonomous agents and developers to access private, uncensored and decentralized inference, without relying on a human intermediary, which reduces costs and friction for both AI agents and developers. They now have the ability to autonomously access inference via Venice’s private and uncensored API, untethering them from the bias and censorship inherent within closed-source incumbent AI platforms.