Venice AI launched its VVV token on Monday, coinciding with the unveiling of China’s DeepSeek artificial intelligence (AI) model, as founder Erik Voorhees pushes for decentralized AI solutions. The VVV token, launched on Ethereum's Layer 2 Base network, aims to reduce economic friction for AI agents. In its first airdrop, 25% of the token’s 100 million supply was allocated to wallets holding AI agents and various other tokens on the Base blockchain. Another 25% was distributed to over 100,000 early Venice users. VVV is currently changing hands for $16, giving the project a fully diluted valuation of $1.6 billion. Notably, Coinbase listed VVV within hours of its launch. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io