Venice Token Soars Past $688 Million Market Cap After Hitting $100M Revenue Run Rate

VVV's market cap now stands at around $688 million, roughly seven times its annualized revenue run rate of $100 million. This has drawn interest from crypto investors looking for AI exposure.

The jump in VVV token’s price came after co-founder Erik Voorhees announced that Venice’s privacy-focused AI platform had crossed $100 million in annualized revenue. VVV's native token (VVV) jumped more than 20% to around $14.50 at the time of writing.

VVV is the utility token of Venice, a privacy-centric AI platform built on the Coinbase Base blockchain that allows users to run AI models without their data being stored or shared. Alongside the revenue update, Venice also rolled out a new Doodle feature for its Studio product.