Venice plans to add 14 million VVV tokens each year. This will start with an inflation rate of 14%, but decrease as time goes on.
The new tokens will be distributed based on the demand for Venice’s AI services.
The Erik Voorhees’ Venice platform and VVV token launch follow a trend of combining AI and blockchain. Similar projects include Virtual Protocol, which creates AI agents on Ethereum’s Base.
Also, Ai16z focuses on decentralized AI investments using its native token. These projects showcase the growing interest in decentralized AI-powered applications despite challenges like scalability and regulation.