Venice AI Platform Soars to $100M Revenue, Outshines Bitcoin

VVV's market cap surged to around $688 million after Venice's AI platform hit $100 million in annualized revenue, outperforming Bitcoin.

The jump in VVV token's price came after co-founder Erik Voorhees announced on Monday that Venice's privacy-focused AI platform had crossed the $100 million milestone. This news sparked new buying interest and pushed VVV's market cap to roughly seven times its annualized revenue run rate.

VVV's native token jumped in morning trade, outpacing Bitcoin, after a revenue milestone from the privacy-centric artificial intelligence (AI) platform sparked new buying interest. The rise in VVV's price came after co-founder Erik Voorhees stated on X that Venice had crossed $100 million in annualized revenue.

Venice launched a new AI-powered Doodle feature, enabling users to turn freehand sketches into generated images, joining the revenue milestone with a product catalyst. VVV is the utility token of Venice, a privacy-centric AI platform built on the Coinbase (COIN) Base blockchain that allows users to run AI models without their data being stored or shared.