Venice AI: A New Type of Artificial Intelligence Platform for Privacy Protection and Decentralization

Venice AI is an emerging artificial intelligence platform founded by ShapeShift founder Erik Voorhees in 2024. The platform is built on the core principles of privacy protection, Decentralization, and censorship-resistance, based on the Ethereum Layer 2 network Base, and integrates multiple open-source large models, including the highly regarded Deepseek.

Technical Features

Decentralization architecture

Venice AI utilizes blockchain technology to ensure data security and Decentralization, reducing reliance on traditional intermediaries. The platform processes requests through a distributed GPU network, avoiding the storage of user data on central servers, and all conversation records are only stored on the user's local device.

Open Source Model Integration

The platform adopts Meta's Llama 3.3 (text generation ), Deepseek, Stable Diffusion (image generation) and other open-source models, supporting continuous technical improvements by the community. Users can upload datasets to adjust parameters and achieve customized model training 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), and supports anonymous registration. The platform prioritizes completing tasks such as image generation and code debugging on the user's device, effectively reducing the risk of data leakage.

Core Features

multimodal generation capability

• Text Generation: Supports uncensored conversations, document summarization, creative writing, etc., with response speeds comparable to mainstream AI.
• Image Generation: Offers over 70 style templates, supports high-resolution output, Pro version with no watermark, daily generation capacity up to 1000 images.
• Code Assistance: Can generate code snippets, debug programs, and support file upload analysis.

Document and Data Analysis

Supports PDF document parsing, automated data visualization, and sensitive research project handling, suitable for scenarios requiring confidentiality.

API and Scalability

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

Core Advantages

Privacy and No Censorship

Unlike mainstream AI platforms, Venice AI does not impose content filters, allowing for free expression, which particularly attracts privacy-conscious users. Local storage and blockchain technology 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: Monthly fee of $8 (or annual fee of $149), offering unlimited text, daily 1000 image generation, HD output, and Decentralization mode option, high cost-performance ratio.

Community-driven and Transparency

50% of the VVV tokens are allocated to users and the AI community, incentivizing ecological participation through token economics, with an annual inflation rate of 14% used for API expansion. The open-source code allows third-party review, enhancing trust.

Potential Challenges

• Content risk: The lack of a review mechanism may lead to misleading information or content abuse, requiring user self-discipline.
• Functional limitations: Relies on open-source models, some capabilities (such as complex logical reasoning) may be weaker than closed-source competitors.
• User Experience: Although the interface is simple, advanced features (such as model training) have a high threshold for non-technical users.

Token Mechanism

The total supply of VVV tokens is 100 million, mainly used to enhance inference capacity. Token stakers can increase the number of API requests based on the amount staked, with a 7-day cooling period for withdrawals. The token distribution is as follows:

• 25 million tokens allocated to 100,000 early users
• 25 million airdrop to eligible Base users
• 35 million tokens held by Venice, of which 10 million are allocated to the team (24-month linear release)
• 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 daily active users reaching 50,000 and processing 15,000 inference requests per hour.