Venice Token Surges as AI Platform Hits $100M Revenue Milestone

Venice Token's price surged on Tuesday after its AI platform reached $100 million in annualized revenue, announced co-founder Erik Voorhees. This milestone is a significant achievement for Venice, a privacy-centric AI platform built on the Coinbase Base blockchain.

The token VVV jumped more than 20% to around $14.50 at the time of writing, outperforming Bitcoin's price rise of around 1%. The market cap of VVV stands at approximately $688 million, roughly seven times its annualized revenue run-rate.

Venice also launched a new AI-powered Doodle feature that enables users to turn freehand sketches into generated images. This product catalyst joined the revenue milestone, drawing interest from crypto investors looking for AI exposure.