Venice AI Surges Above $600 Million Valuation

Venice AI, a decentralized artificial intelligence (AI) protocol created by Erik Voorhees, the founder and CEO of ShapeShift, continues to outperform the altcoin market, more than doubling its valuation over the past seven days.

The VVV token soared 35% today to a $640 million fully diluted valuation (FDV) after Voorhees revealed that Venice is a recommended model provider for OpenClaw, the open-source autonomous AI agent platform recently acquired by OpenAI for $1 billion.

VVV has had an impressive month, rallying nearly 300% while the broader market trended lower.

Following the DIEM token launch in September, Venice utilizes a dual-token system that provides DIEM stakers with free access to multiple AI models. DIEM reached an all-time high of $895 today, up more than 900% from its November low.