TronWeekly

Crypto World News

You are here: Home / Archives for ai

ai

Galaxy Digital’s Nasdaq Debut Signals Growth in Crypto and AI Sectors

by

  • Galaxy Digital’s stock starts trading under ticker GLXY on Nasdaq.
  • Company shifts focus to AI and crypto as primary growth drivers.
  • Galaxy Digital plans to tokenize stock for integration into DeFi platforms.

Galaxy Digital, a digital currency investment firm, has now listed its shares on the Nasdaq Global Select Market. The firm started trading on the Nasdaq Global Select Market on May 16, 2025, under the ticker symbol GLXY. This marks a major step for Galaxy Digital’s previous attempts to list its shares on a major U.S stock market.

Galaxy Digital faced regulatory challenges in its previous attempts to list on Nasdaq, which slowed down the process. In 2020, Galaxy Digital listed on the Toronto Stock Exchange (TSX).

However, the company decided to move to the Nasdaq in order to increase its exposure in the extensive U.S. market. The company eventually secured a dual listing on the Nasdaq and TSX, which strengthened its presence in both the U.S. and Canadian markets.

Nasdaq Debut Accelerates Crypto and AI Expansion

Mike Novogratz, the founder and CEO of Galaxy Digital, noted the company’s Nasdaq debut as a major step for the digital asset industry. Novogratz said that Galaxy Digital is well-placed to expand its operations in both the cryptocurrency and AI sectors. He emphasized that the company would benefit from greater exposure in the U.S. market compared to Canada.

Galaxy Digital’s dual listing comes after four years of regulatory hurdles, which include nine rejections with the U.S. Securities and Exchange Commission (SEC). Novogratz disclosed that the company had invested more than $25 million in the approval process. However, he remains optimistic that Galaxy Digital’s current structure and approach will foster long-term growth.

The company’s market debut comes amid increased institutional interest in the crypto space. After the listing, Galaxy Digital’s stock opened at $23.50 per share. The listing reflects the increased confidence in the digital asset sector as more firms adopt blockchain technology.

Galaxy Digital Seeks to Tokenize GLXY stock

Moreover, Galaxy Digital seeks to tokenize its GLXY stock and make it available on decentralized finance (DeFi) applications. Galaxy Digital has initiated talks with the SEC to explore the listing of its shares on blockchain platforms. This allows the company to easily move Galaxy Digital’s stock to decentralized finance applications.

Novogratz highlighted the firm’s focus on cryptocurrency and AI to drive its growth. Galaxy Digital intends to leverage the increased demand for cryptocurrency and AI areas.

Galaxy Digital continues to monitor the developments in the regulatory environment. Novogratz believes that clear regulations will promote innovation and investment in the cryptocurrency market. He believes that Galaxy Digital will play an important role in the development and maturity of the cryptocurrency industry.

Related Reading | Ripple’s RLUSD Gets Massive Boost as Banxa Unlocks Global Support

Tariffs Aren’t the Real Market Killer: Expert’s Urgent Warning

by

  • Despite a potential tariff breakthrough, crypto and stocks remain volatile; market observers question sole reliance on macro factors for the downturn.
  • Marty Party argues the Chinese Deepseek AI announcement, not tariffs/inflation, triggered market decline due to disruptive, cost-effective technology.
  • Warning against index funds, Marty Party advises pivoting to AI, crypto, and energy infrastructure amidst fundamental market restructuring

As US tariffs head for a major breakthrough, crypto and stock markets continue to remain volatile. financial market. Since the tariff announcements two weeks ago, the total crypto market has dropped 26% from January highs, wiping out about $1 trillion in value. Now, as the market has somewhat stabilized, a section of market observers questions whether tariffs or inflation are the only factors contributing to the market decline.

Well-known crypto commentator Marty Party argues that the recent market disruption has not stemmed from the commonly cited macro factors. Instead, he attributes it to the Chinese DeepSeek AI announcement. He believes that breakthrough technologies, exemplified by DeepSeek, are way more cost-effective than previously thought and thus can leave a long-lasting impact on the market structures.

As a result of this technological shift, traditional financial indicators like price-to-earnings (PE) ratios and other similar fundamental analyses became redundant or no longer reliable. Secondly, he believes that the broader stock market is at the moment overvalued based on these outdated fundamentals. Marty Party also talks about investing in broad market index funds, which he feels are also losing their relevance.

Beyond Tariffs: How AI Is Reshaping Markets and Investment Strategies

He argues that these massive market restructurings are due to the advent of AI technology. Due to this, he strongly advises investors to shift their portfolios before it is too late.

Tariffs
Tariffs Aren't the Real Market Killer: Expert's Urgent Warning 2

Stocks are overvalued—period. The index strategy is over. The MAG 7 are being revalued. Index-based passive investment strategies will bleed off all year. You are not safe sitting in an index-based stock portfolio—you are fully exposed. Pivot before it’s too late. If you invested in AI infrastructure, crypto infrastructure, and energy infrastructure, you are prepared. Exit index strategies. You have been warned.

Meanwhile, Tensions rise between US President and Fed Chair Jerome Powell after the latter warned of an impending stagflation due to the tariff policies. If Trump removes Powell or forces the Fed to bow to political pressure, crypto may be seen as a safe haven for investors, fleeing from centralized institutions. Despite ongoing tariffs and failed rate cut hopes, the crowd’s market sentiment remains higher than average.

Bittensor’s 10 Powerful Subnets: From Deepfake Detection to BTC Prediction

by

  • Ten Bittensor subnets highlighted for potential, tech, and adoption, spanning AI training, content detection, prediction, and more diverse applications.
  • Zeus (SN18) and others show strong performance, boosting one user’s initial 10% investment towards 20% in these promising subnets.
  • Bittensor’s subnets showcase the network’s diverse decentralized AI capabilities, from LLMs to visual AI and reward distribution.

Bittensor’s 10 subnets are making waves despite being relatively unknown. Based on their technology, adoption, and current price action, an expert offers a breakdown for each subnet, showcasing their unique use cases in the evolving world of the decentralized AI ecosystem.

The first in the list is the “OG subnet,” Templar (SN3), which comes with training powerful models. Targon (SN4) focuses on AI-generated content detection, an emerging field in the digital space.

PTN (SN8) and Zeus (SN18) are another two notable subsets. One provides Bitcoin (BTC) intraday prediction models, demonstrating financial applications of AI. While the other offers powerful multi-modal inference, meaning it can analyze data from diverse sources like text, images, and audio.

Bittensor
Bittensor's 10 Powerful Subnets: From Deepfake Detection to BTC Prediction 4

Nineteen (SN19), a subset focusing on practical and scalable AI deployments, has built efficient, high-performance AI inference at scale. On the other hand, Omega (SN21 & SN24) prioritizes large language model, or LLM, fine-tuning and deployment that harnesses the emerging field of generative text AI.

Exploring Bittensor: Visual AI and Rewards Focus

Next in the list is Bitmind (SN34), which specializes in deepfake detection and browser tools, to ramp up on security and user-facing applications. Dojo (SN52), a key subset that emphasizes lightweight, high-speed inference, focusing on efficiency and speed.

With a focus on visual AI and an open-source vibe, Gradients (SN56) is responsible for developing image-related AI tasks. The tenth notable subset is Chutes (SN64), which has gained traction for “dominating emissions and rewards.” This subset might be responsible for the distribution of TAO, Bittensor’s native token, suggesting it’s a particularly profitable or active subnet for participants.

The author also revealed their investment, with 10% allocated to these subnets. They noted a strong performance, particularly from Zeus (SN18) and others, bringing their allocation close to 20%. Additionally, the user acknowledges they are still a smaller investor compared to the “OGs” (likely early and larger participants) but are bracing themselves and enjoying their journey within the Bittensor ecosystem.

In essence, these specific Bittensor subnets showcase the diverse applications and specializations within the decentralized AI network.

David Sacks Hails Meta’s Llama 4 as America’s Secret Weapon in AI

by

  • Meta’s Llama 4 AI models aim to put the U.S. back on top in the AI race, according to advisor David Sacks.
  • Llama 4 Scout and Maverick outperform global competitors using a unique Mixture of Experts design and multimodal capabilities.
  • Open-source innovation is now America’s counter to rising Chinese AI power, with Meta’s AI models integrated into WhatsApp and Instagram.

Meta’s newest Open Source AI models, Llama 4 Scout and Llama 4 Maverick, have created a buzz in the tech industry. David Sacks—a US venture capitalist and AI advisor—expressed his excitement regarding these models over the weekend on X, describing the products as a ‘victory for America’ in the global AI competition. “For the U.S. to win the AI race, we have to win in open source too, and Llama 4 puts us back in the lead,” he wrote.  

Meta’s Llama 4 Models Set New AI Benchmark  

Meta claims that Llama 4 Scout and Maverick are their most advanced models, releasing them on the 6th of April. These multifunctional models are already integrated into popular applications such as WhatsApp and Instagram, transforming the accessibility of advanced AI.

At the core of Llama 4’s innovation is multimodal AI, which works with text, images, audio, and videos simultaneously. Both models also utilize the Mixture of Experts (MoE) architecture: a system in which specialized AI units, referred to as “experts,” collaboratively work together. Llama 4 Scout comes with 17 billion active parameters alongside 16 experts; Maverick, however, expands that to 128 experts, enhancing reasoning and coding capabilities.

Meta states that Llama 4 Scout outperforms Gemma 3, Gemini 2.0 Flash-Lite, and Mistral 3.1, while Maverick competes with DeepSeek v3 from China in outstanding performance, despite using much fewer parameters. This release comes during savage competition globally, most notably with China’s DeepSeek, which burst onto the AI scene in late 2024 with its astonishingly effective model trained for only $6 million compared to OpenAI’s $100 million ChatGPT-4. 

David Sacks Hails Meta’s Llama 4 as America’s Secret Weapon in AI

DeepSeek’s success sent shockwaves through the U.S. markets and spurred a fresh sense of urgency, as U.S. tech giants scramble to reclaim dominance. Sacks describing Llama 4 as America’s “secret weapon” underlines the notion touted that open-source AI might actually be the way to get ahead of other challengers in the world.   

Meta further announced that Llama 4 Behemoth is “one of the most intelligent large language models ever conceived”— which may solidify the U.S. win the race on the next level of AI development — is currently in training.

X2Y2’s Bold New Direction: Goodbye NFTs, Hello AI

by

  • X2Y2, with $5.6B volume, shuts down April 2025, citing NFT market crash, pivoting to AI-powered DeFi.
  • Founder confirms smart contracts stay active, urging users to follow his social media for updates on new AI project.
  • 90% NFT volume drop forces X2Y2’s “full stop,” as they build a permissionless, AI-driven DeFi product.

NFT marketplace X2Y2 will sunset its operations on April 30, 2025, marking an end to its three-year operation. “The smart contracts will keep running, so you can still interact with them as needed—no rush to pull anything,” wrote the founder on X. The platform has a cumulative trading volume of $5.6 billion, trailing closely behind the largest NFT market after OpenSea.

The abrupt shutdown has sparked curiosity among users given the token price. X2Y2 tokens were heavily tied to this NFT vision. However, the 90% shrinkage of NFT trading volume from its 2021 peak is attributed to one of the key reasons behind the exit decision. The changing dynamics in the digital collectibles space is obvious.

X2Y2
Source: Token Terminal

While NFT trading volume has tumbled 63% since December, the increasing integration of artificial intelligence into NFT projects signals a shift toward more dynamic, interactive digital assets with enhanced utility,” DappRadar analyst Sara Gherghelas recently stated. Gherghelas cited the downturn in NFT valuations to its correlation with crypto prices.

We fought tooth and nail to be #1, but after three years, it’s clear it’s time to move on. That lesson’s why we’re drawing a line here, not a pause or a maybe, but a full stop on X2Y2 as we knew it.

X2Y2 Next Gamble: Building the Future of Permissionless DeFi

As it closes its NFT chapter, the platform is pivoting to AI, framing it as “the biggest paradigm shift.”  They are now closely working on building “something new” in the AI space. While details are not explicitly revealed, X2Y2 is creating a DeFi (Decentralized Finance) product that is permissionless and powered by AI. The platform remains committed to offering “real, long-term value in crypto and for the broader community.”

As it embarks on its new journey, TP, the founder, urged users to follow his social media handle for the latest updates.

The GHIBLI Effect: AI Art Drives $28M Crypto Boom

by

  • GHIBLI meme coins, sparked by AI-generated Studio Ghibli images, surge, with the namesake meme coin reaching a $21M market cap, fueled by viral social media trends.
  • Influencers like Sam Altman and Elon Musk joined the trend, indirectly boosting the token which now targets a $100M market cap.
  • Despite a market downturn, the meme coin’s explosive growth, driven by community support, highlights meme coin volatility and the need for cautious investment.

GHIBLI-inspired meme coins on Ethereum and Solana blockchains, have flooded the market with “ghiblification” emerging as the biggest one yet with a $21 million market cap as of Asian morning hours.

The token’s growing popularity comes after OpenAI rolled out an image generation tool for its ChatGPT-4o model on March 25. Soon after the launch, crypto enthusiasts created meme coins inspired by viral Ghibli-esque images, belonging to the all-time hit Spirited Away and My Neighbor Totoro. Over the last three decades, Studio Ghibli has been one of the most renowned and influential animation studios in the world.

The surge is further fueled by an online trend of nostalgic cartoon references. OpenAI CEO Sam Altman hopped on the trend by sharing portraits of themselves generated by the model. Even the richest man on the planet, Elon Musk, jumped into the frenzy by posting a Lion-King-themed image, showcasing his lookalike holding a Shiba Inu dog- a humorous ode to the “Circle of Life” with the caption, “Theme of the day.”

GHIBLI
The GHIBLI Effect: AI Art Drives $28M Crypto Boom 8

Netizens speculate this could be a cryptic hint of his current focus. While Musk and other influencers did not explicitly mention the meme coin, it continued to receive tremendous traction.

GHIBLI’s 10k Holders and $100M Market Cap Hopes

With the token pushing towards ATH and 10k holders, market observers believe an active community support could drive $GHIBLI to the coveted 100 million market cap. “The token actually has nice volume and such a good community for a 20-30 million market cap in the near future. It already made 20 million in volume in just 24 hours (more than $Jelly, a Solana meme coin),” wrote the user.

Despite the broader market downturn, GHIBLI exploded, reinforcing the narrative that meme coins can thrive even when the market is struggling. As their prices are driven by social media trends and hype, one should exercise extreme caution and consider one’s risk appetite before investing.

RENDER Network’s Big Moment: CEO to Speak at Nvidia GTC 2024

by

  • RENDER targets $9.21, fueled by GRT, FET, and Bitcoin dominance. Nvidia integration teases and the CEO’s GTC appearance signal strong growth potential.
  • Nvidia’s new GPUs optimize OTOY’s Octane, benefiting RENDER’s decentralized network with AI-powered 3D capabilities.
  • With a $1.73B market cap and institutional interest, the token is poised for gains as AI infrastructure demand surges, backed by tech giants.

RENDER is eyeing a bullish breakout as traders bet on the “Made in USA” token. The technical setup shows the token charting a channel on the hourly timeframe and consolidating within it. With support levels at $2.8, it is projected to hit $9.21.

Adding fuel to the token’s upside potential are GRT (The Graph), FET (Fetch.ai). However, Bitcoin’s growing dominance is key to sustain the token’s momentum. Besides that, traders should keep a eye on increasing volume and trendline breakouts for confirmation of the bullish trend.

Currently, sitting at $1.73 billion market cap, the token is poised for significant gains. Moreover, Nvidia, a US-based tech giant specilaizing in GPUs, have recently teased an integration with the crypto project . Also, Render Network founder and CEO of OTOY, Jules Urbach is slated to speak at the upcoming NVIDIA GTC 2024 conference.

Render
Source: @dark_knight_btc

This is significant because RENDER is a decentralized GPU network, and closer ties with Nvidia could significantly boost its adoption and capabilities. The crypto platform’s participation at the summit also signifies recognition from major institutions, thus boosting its legitimacy and potential in the long term.

Nvidia & RENDER: A Powerful Alliance in AI-Driven Graphics

For those new, OTOY, the company behind Render Network, announced the optimization of OctaneRender for NVIDIA’s RTX PRO 6000 Blackwell Server Edition GPUs. The 96GB VRAM offers complex neural models, blending CGI precision with generative AI. This, in turn, unlocks new creative workflows for 3D artists and content creators.

Besides NVIDIA, xAI, Microsoft, BlackRock, and MGX are also pushing AI infrastructure forward, the demand for compute power and decentralized AI solutions is expected to rise exponntially. With the smart money is betting big on AI, token like RENDER are positioned for massive upside.

The AI arms race is heating up! With Nvidia, xAI, Microsoft, BlackRock, and MGX pushing AI infrastructure forward, the demand for compute power and decentralized AI solutions will skyrocket.

Las Vegas Man Faces 330 Years in Prison for Alleged $24M Crypto Ponzi Scheme

by

  • Brent Kovar dеfrаudеd ovеr 400 invеstors of $24 million using а fаkе AI crypto schеmе.
  • Hе fаcеs 12 wirе frаud counts, risking 330 yеаrs in prison аnd $4.5 million finеs.
  • Crypto scаms surgеd in 2024, rеаching $9.9B–$12.4B, highlighting growing frаud concеrns. 

A Las Vegas businеssmаn is fаcing sеrious lеgаl troublе аftеr аuthoritiеs аccusеd him of dеfrаuding ovеr 400 invеstors out of $24 million through а crypto mining scаm. Brent Kovar, 58, аllеgеdly mislеd victims by clаiming his compаny, Profit Connеct, usеd аrtificiаl intеlligеncе to minе cryptocurrеncy аnd vеrify trаnsаctions whilе guаrаntееing fixеd rеturns аnd full rеfunds.

Kovar rаn thе schеmе from lаtе 2017 to July 2021, promising invеstors аnnuаl rеturns of 15% to 30% with а 100% monеy-bаck guаrаntее. Prosеcutors sаy thеsе clаims wеrе fаlsе аnd thаt hе usеd thе monеy for pеrsonаl luxuriеs, including buying а housе аnd gifting еmployееs еxpеnsivе itеms. His compаny, which prеsеntеd itsеlf аs а high-tеch AI-drivеn opеrаtion, turnеd out to bе nothing morе thаn аn еlаborаtе frаud.

Authoritiеs rеvеаlеd Kovar usеd а wеbsitе, YouTubе vidеos, аnd PowеrPoint prеsеntаtions to lurе in invеstors. Hе аllеgеdly convincеd somе victims thеir invеstmеnts wеrе insurеd by thе Fеdеrаl Dеposit Insurаncе Corporаtion (FDIC), а clаim thаt wаs еntirеly fаlsе. 

Thе U.S. Attornеy’s Officе for thе District of Nеvаdа issuеd а stаtеmеnt, sаying, “Mr. Kovar аllеgеdly stolе victims’ hаrd-еаrnеd monеy by mаking fаlsе rеprеsеntаtions rеgаrding his invеstmеnt compаny, including mislеаding somе victims to bеliеvе thеir invеstmеnts wеrе bаckеd by thе FDIC.”

Multiple Fraud Charges and Massive Prison Sentence

Kovar now fаcеs 12 counts of wirе frаud, thrее counts of mаil frаud, аnd thrее counts of monеy lаundеring. If convictеd on аll chаrgеs, hе could bе sеntеncеd to а mаximum of 330 yеаrs in prison аnd finеd up to $4.5 million. His triаl is sеt to bеgin on April 8, 2025, undеr U.S. District Judgе Jеnnifеr A. Dorsеy.

Spеciаl Agеnt Ryan Korner from thе FDIC Officе of Inspеctor Gеnеrаl еmphаsizеd thе impаct of Kovar’s аctions, stаting, “FDIC OIG is committеd to idеntifying, аnd holding аccountаblе, thosе who еndаngеr our Nаtion’s finаnciаl systеm by victimizing othеrs for thеir pеrsonаl gаin.” 

Kovar’s scаm involvеd rеnting officе spаcеs for sаlеs аnd lеаsing а wаrеhousе thаt wаs supposеd to bе а dаtа cеntеr. Prosеcutors clаim hе usеd invеstor funds to mаkе frаudulеnt rеpаymеnts, crеаting thе illusion of а profitаblе businеss. His schеmе mimickеd thе structurе of clаssic Ponzi frаuds, whеrе nеw invеstmеnts fund pаyouts to еаrliеr invеstors to mаintаin crеdibility.

Growing Crypto Fraud Cases Raise Concerns

Kovar’s case is just one among many in the growing wave of crypto-related Ponzi schemes. On January 27, 2024, Antonia Perez Hernandez was sentenced to over two years in prison for promoting the Forcount crypto Ponzi scheme. In October 2024, an 86-year-old former attorney from California was sentenced to probation and ordered to pay nearly $14 million after admitting to running a multimillion-dollar crypto scam.

The FBI has been actively working to curb such fraud. In a recent operation called “Operation Level Up,” the agency reportedly prevented potential victims from losing around $285 million between January 2024 and January 2025.

Meanwhile, Chainalysis reported that in 2024, crypto scams reached a record high, with revenues estimated between $9.9 billion and $12.4 billion. The rise of sophisticated schemes, often leveraging artificial intelligence, has made it imperative for potential investors to remain vigilant and informed.

yearly crypto scam revenue
Source: Chainalysis

Related Readings | Tether Takes Minority Stake in Juventus FC, Marking Strategic Growth in Sports

Tether Ventures into AI with New Apps and Open-Source SDK Platform

by

  • Tether develops AI tools like a Bitcoin wallet assistant for seamless crypto management.
  • Tether’s open-source AI SDK will work across various devices, enhancing accessibility.
  • Tether’s new AI apps focus on privacy and decentralization, operating locally on devices.

USDT stablecoin issuer Tether announced an expansion strategy that enters the artificial intelligence sector through its new initiative. CEO Paolo Ardoino announced the creation of multiple AI-powered tools to improve digital asset management and communication systems. The new platform, Tether Data, includes these tools to provide desktop and mobile users with privacy-protecting decentralized AI solutions.

AI-Powered Tools for Financial and Communication Use

Tether Data features three AI-powered tools: an AI voice assistant, a Bitcoin wallet assistant, and an AI translator. The AI translator will benefit users due to its multi-language capabilities, breaking down communication obstacles between speakers. The voice control system enables device interaction with voice-based commands that execute queries and handle tasks street-free.

The AI Bitcoin wallet assistant represents an essential breakthrough in crypto space development. Users can use this application to handle Bitcoin wallet operations through voice commands and text entry functions. Through verbal commands, users can view their Bitcoin balance, request the display of recipient names, and execute commands for Bitcoin address transactions. The platform introduces enhancements that optimize crypto transaction flow while enhancing user simplicity, mostly for users who wish to reduce wallet complexities.

Launch of Tether Data’s Open-Source AI SDK Platform

Tether announced plans to launch an open-source AI Software Development Kit (SDK) platform named Tether Data. The SDK operates through Bare, a small and modular JavaScript runtime from Holepunch, and works with multiple hardware configurations. The new platform functions with diverse devices, from economical smartphones to powerful servers.

The open-source platform will enhance the accessibility of AI tools, motivating developers to create applications that work on multiple devices. The AI applications operate locally on devices, protecting user data ownership while empowering decentralization and enhancing privacy through device-held control. Self-custodial services supports its mission to decentralize digital asset management while eliminating dependence on external custodians for digital asset management.

Tether’s Continued Innovation and Market Impact

The company has established itself as the leading player in the stablecoin market while pursuing its entry into AI technologies. USDT maintains its market dominance as its top product, with a current market value exceeding $140 billion. After the company launched its AI initiatives, the market reacted positively by increasing AI-connected token values, including DOGEAI.

The company’s entry into AI technology establishes the company as a leader in combining blockchain with AI despite the downturn in the AI crypto market.

Venice AI Token Surge: Reaches $1.6B Valuation

by

  • Venice Token hits $1.6B valuation, with 50% tokens for airdrops.
  • Token staking gives users free, continuous access to Venice’s API.
  • Venice AI integrates DeepSeek R-1, offering private AI services.

Venice AI’s Venice Token (VVV) has arrived, making waves in the crypto and AI sectors. The token, valued at $1.6B, focuses on giving users private access to advanced AI tools, reshaping how we think about data privacy in the AI-driven world.

Venice AI Token Hits $1B Valuation after Launch

Venice AI has launched its Venice Token (VVV), achieving an impressive $1.6 billion valuation within hours of its release. The token debuted on January 27, 2025 and captured significant attention from the market. VVV token, which is built on Ethereum’s layer-2 Base network, is designed to provide decentralized access to Venice AI’s services while prioritizing user privacy.

The token’s market cap initially rose to $306 million, with 25 million tokens in circulation. Venice AI’s community-driven approach and strategic airdrops contributed to the rapid growth of the token’s value and user base.

A Commitment to User Privacy and Security

Venice AI aims to offer a privacy-first alternative to centralized AI systems. The platform promises security of user data and encrypted interactions which differentiates it from competitors like DeepSeek, which has faced concerns over user data handling.

Moreover, Venice AI has integrated third-party applications and AI agents into its ecosystem. Its open-source approach and the launch of the DeepSeek R-1 model, is expected to disrupt the AI landscape. This model provides private, uncensored generative content, such as text, images and code.

Erik Voorhees, the founder of Venice AI, previously gained recognition as a Bitcoin advocate and the co-founder of ShapeShift. Voorhees aims to decentralize AI access through Venice AI as well as improve security and privacy of user data. The platform’s user base now exceeds 450,000 registered members due to its commitment to transparency and user empowermen

VVV Tokenomics and Community-Driven Approach

The Venice Token offers holders access to exclusive AI services in the ecosystem. Users can stake their tokens to gain free and continuous access to Venice’s API. This staking model supports user participation and rewards them with API access based on their token holdings.

The Venice Token’s market debut attracted more than 13,000 holders within a few days, showing strong interest. The token distribution strategy involves community engagement through airdrops and allocations to key protocol accounts on the Base blockchain. Venice AI has set aside 25 million tokens for its community, while another 25 million are allocated to Base users and strategic partners.

As the platform continues to expand, the platform plans to release 14 million tokens annually. This ongoing token release is designed to meet the demand in the dynamic ecosystem.