Author: XinGPT

A quick review of today's rapid launch of Coinbase's Base AI new project - Venice @AskVenice.

Venice AI is an artificial intelligence platform centered on privacy protection, decentralization, and censorship resistance, founded by ShapeShift founder Erik Voorhees in 2024, integrating open-source large models including the popular Deepseek.

Technical Features

Decentralized Architecture

Built on the Ethereum Layer 2 network Base, utilizing blockchain technology to ensure data security and decentralized processing, reducing reliance on traditional intermediaries.

Requests are processed through a distributed GPU network (such as Akash), avoiding central server storage of user data, with all conversation records stored only on the user's local device.

Integration of Open Source Models - Supporting DeepSeek!

Utilizes Meta's Llama 3.3 (text generation), Deepseek, Stable Diffusion (image generation), and other open-source models, supporting continuous community improvement of technology. Provides custom model training features, allowing users to upload datasets and adjust parameters to meet personalized needs.

Privacy Protection Mechanism

Zero data retention: Does not store user questions or generated content, only requiring an IP address (which can be hidden via VPN), supporting anonymous registration.

Localized processing: Tasks such as image generation and code debugging are prioritized to be completed on the user's device, reducing the risk of data leakage.

Core Functions

Multimodal Generation Capability

Text generation: Supports uncensored conversations, document summarization, creative writing, etc., with response speeds comparable to mainstream AI.

Image generation: Offers 70+ style templates, supports high-resolution output (Pro version without watermark), generating up to 1000 images daily.

Code assistance: Can generate code snippets, debug programs, and supports file upload analysis.

Document and Data Analysis

Supports PDF document parsing, automated data visualization, and handling of sensitive research projects, suitable for confidential scenarios.

API and Scalability

Pro users can access the API, integrate it into third-party tools or workflows, and customize system prompts to adjust AI behavior.

Core Advantages

Privacy and Censorship Resistance

Unlike mainstream AI platforms (such as ChatGPT), it does not set content filters, allowing for free expression, particularly appealing to privacy-conscious users.

Local storage and blockchain technology ensure data sovereignty belongs to users, avoiding corporate surveillance.

Flexible Business Model

Free version: 25 text interactions + 10 image generations per day, suitable for light users.

Pro version: Monthly fee of $8 (or annual fee of $149), providing unlimited text, 1000 images/day, high-definition output, and a security mode option, offering great value.

Community-Driven and Transparency

50% of VVV tokens are allocated to users and the AI community, incentivizing ecological participation through token economics, with an annual inflation rate of 14% for API expansion.

Open-source code allows third-party audits, enhancing trust.

Potential Challenges

Content risks: The uncensored mechanism may spread misleading information or misuse generated content (such as adult content), requiring user self-discipline.

Functional limitations: Relying on open-source models, some capabilities (such as complex logical reasoning) are weaker than closed-source competitors.

User experience: Although the interface is simple, advanced features (such as model training) have a higher threshold for non-technical users.

Token Mechanism

The total supply of VVV tokens is 100 million, primarily serving to allow token stakers to increase inference capacity based on the amount staked; the more staked, the more API requests can be made. There is a 7-day cooling-off period for withdrawals after staking.

• 25 million tokens are allocated to 100,000 early users of Venice;

• 25 million airdropped to eligible Base users, including holders of Virtuals, Luna, VaderAI, and other Agents.

The airdrop is based on a snapshot taken on December 31; the claim deadline is March 13, and there is no presale for VVV tokens. (Claim page link)

The remaining token distribution is as follows:

• 35 million tokens (35% held by Venice, of which 10 million are allocated to the team with a 24-month linear release).

• 10 million tokens (10%) for the Venice incentive fund.

• 5 million tokens (5%) for liquidity deployment on Base DEX Aerodrome.

User Data and Related Links

Since its launch in May 2024: 400,000 registered users, 50,000 daily active users (DAU), processing 15,000 inference requests per hour.

(Airdrop claim details) (As of the time of publication, 6.5 million VVV have been claimed)

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