Venice AI: A New Generation AI Platform for Privacy Protection and Decentralization

Venice AI is a privacy-focused, Decentralization, and censorship-free artificial intelligence platform founded by ShapeShift founder Erik Voorhees in 2024. The platform integrates multiple open-source large models, including Deepseek, to provide users with an innovative AI experience.

Technical Features

Decentralization architecture

Venice AI is built on the Ethereum Layer 2 network Base, utilizing blockchain technology to ensure data security and Decentralization processing. The platform processes requests through a distributed GPU network, avoiding the storage of user data on a central server, and all conversation records are only stored on the user's local device.

Open Source Model Integration

The platform uses Meta's Llama 3.3 for text generation, Deepseek and Stable Diffusion for image generation, and other open-source models. Venice AI also provides custom model training capabilities, allowing users to upload datasets and adjust parameters to meet personalized needs.

Privacy Protection Mechanism

Venice AI adopts a data zero retention policy, not storing user inquiries or generated content, only requiring an IP address (which can be hidden via VPN). The platform supports anonymous registration and prioritizes completing tasks such as image generation and code debugging on the user's device, effectively reducing the risk of data leakage.

Core Functions

multimodal generation capability

• Text generation: Supports uncensored conversations, document summarization, creative writing, etc., with response speed comparable to mainstream AI.
• Image Generation: Offers over 70 style templates, supports high-resolution output, Pro version without watermark.
• Code assistance: can generate code snippets, debug programs, and supports file upload analysis.

Document and Data Analysis

Venice AI supports PDF document parsing, automated data visualization, and handling of sensitive research projects, suitable for scenarios that require confidentiality.

API and Scalability

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

Core Advantages

Privacy and No Censorship

Venice AI does not implement content filters, allowing users to express themselves freely, which particularly attracts privacy-conscious user groups. The platform employs local storage and blockchain technology to ensure that data sovereignty belongs to the users, avoiding corporate surveillance.

Flexible business model

• Free version: 25 text interactions and 10 image generations per day, suitable for light users.
• Pro version: $8 monthly (or $149 annually), offering unlimited text generation, 1000 image generations per day, high-definition output, and the option to disable safety mode, providing high cost-performance.

Community-driven and Transparency

Venice AI allocates 50% of VVV tokens to users and the AI community, incentivizing ecosystem participation through token economics. The platform employs a 14% annual inflation rate for API expansion and open-sources the code to allow third-party audits, enhancing user trust.

Potential Challenges

• Content Risk: The lack of a review mechanism may lead to the dissemination of misleading information or inappropriate content, requiring user self-discipline.
• Functional limitations: Relying on open-source models may be weaker than closed-source competitors in certain complex tasks.
• User Experience: Although the interface is simple, advanced features such as model training may pose a barrier to non-technical users.

Token Mechanism

The total supply of VVV tokens is 100 million, mainly used for Token staking to enhance inference capacity. The higher the staking amount, the more API requests users can make. There is a 7-day cooling-off period for withdrawals after staking.

Token Allocation Plan:

• 25 million tokens distributed to 100,000 early users of Venice
• 25 million airdrop to eligible Base users
• 35 million tokens are held by Venice, of which 10 million tokens are allocated to the team (linear release over 24 months)
• 10 million tokens for the Venice incentive fund
• 5 million tokens for liquidity deployment on Base DEX Aerodrome

User Data

Since its launch in May 2024, Venice AI has attracted 400,000 registered users, with 50,000 daily active users (DAU), processing 15,000 inference requests per hour. As of the time of writing, 6.5 million VVV tokens have been claimed.