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Base Era I $ERA
@thebaseera
Base Builders: Vol 2 The project we want to highlight this week is one that has taken the Base Era by storm - http://Venice.AI 🧵 $VVV x.com/AskVenice Founded by x.com/ErikVoorhees
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Base Era I $ERA
@thebaseera
BACKGROUND: $VVV took base by surprise as base investors watched in awe as a new major AI project entered the scene. As the base era unfolds, new challengers and technology arrives each day, advancing base and crypto as we know it. http://Venice.ai markets itself as private, uncensored AI. http://Venice.ai was launched in May 2024 and has seen success as a platform, building a strong user base. The project has more recently launched its crypto token on 27th January 2025, here on @base .
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Base Era I $ERA
@thebaseera
THE UTILITY Venice is using the power of base to tokenise their uncensored, unbiased machine intelligence. The Venice token itself (VVV) acts as an access key for AI agents and developers to consume private, uncensored inference through the Venice API with no payment per request. This creates incentives for holders and investors, with ownership of $VVV acting to utilize VVV itself. As tokens are staked, holders earn yield based upon the inferences being used, thus creating an ecosystem in which all can benefit from the use and development of AI.
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Base Era I $ERA
@thebaseera
THE FOUNDER http://Venice.ai has major backing, set itself in a class of its own as far as AI tokens on base go. It was founded by Erik Voorhees, CEO of x.com/ShapeShift, libertarian and Bitcoin early adopter. As a permissionless alternative to major AI apps, the philosophy of $VVV aligns with Voorhees’ typically libertarian, anti-surveillance and anti-censorship stance. Voorhees is not without controversy, and $VVV has been no exception.
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Base Era I $ERA
@thebaseera
LAUNCH ON BASE Other factors set $VVV aside as a truly unique launch for base. For one, the token was almost instantly listed on @coinbase, a rarity as Coinbase have thus far listed very few base tokens. This rapid achievement unsurprisingly had major effects on $VVV’s price, with its market cap skyrocketing from a launch level of $220m to nearly $640m. $VVV has since cooled off, experiencing a strong wave of controversy and allegations regarding the launch.
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Base Era I $ERA
@thebaseera
CONTROVERSY? The first major controversy surrounded a post by x.com/AerodromeFi , alleging that they had detected insider trading activity in the launch of $VVV, suspending two contributors. Erik Voorhees responded supportively, thanking Aerodrome. The suspects were supposedly Aerodrome contributors only, meaning it did not necessarily implicate the $VVV team. Another controversy came with the project’s rapid Coinbase listing. Oher base native AI project communities such as @virtualsprotocol.eth were left as an afterthought despite providing a lot of value to the base ecosystem. With projects being on base for months and some even over a year with no Coinbase listing, many communities felt betrayed in favour of large VC tech firms.
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Base Era I $ERA
@thebaseera
CONTROVERSY II? As the controversies dragged on, yet another allegation recently appeared, with Rei (x.com/unit00x0) finding that a single user had managed to claim 1 million tokens via 100 different account airdrops. This amounts to $5.53 million USD at $VVV's current price of $5.88. Voorhees has again stepped in to dispel FUD, stating that the team have found what it is, and that it is definitely not a Venice employee, though not elaborating any further at this stage. These tokens are currently staked by this mystery wallet. Voorhees has stated that the Venice team are in contact with the user.
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Base Era I $ERA
@thebaseera
THE AIRDROP $VVV has embarked on a massive airdrop campaign, rewarding substantial sums to users of their platform. Uniquely, they have targeted users of other AI projects such as Virtuals, airdropping significant sums of $VVV to holders of @virtualsprotocol.eth , Clanker ( @proxystudio.eth ), $DEGEN , $LUNA, $AIXBT and other major base projects. This has led to $VVV immediately becoming a known staple on base.
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