What is Venice?

Venice's API credit purchase product, launched roughly 8 months ago, is already running at $60 million in annualized revenue.

“A product that didn't exist 8 months ago is now doing 60 million year of revenue.”

OpenRouter's valuation jumped more than 7x, from $1.3 billion to $10 billion, in roughly two months, signaling compressed repricing timelines for AI infrastructure companies.

“Open Router raised at a 1.3 B billion valuation it's like two months ago, like not really long ago, and now it's like 7x and or more than 7x at 10 billion. So, I think that just reflects on what a reasonable multiple should be for Venice and like maybe the right number was 30x before or 50x before, but if they continue to see this growth, maybe 70x is the right multiple.”

Venice offers end-to-end attested AI inference with no corporate or state filtering layer and is pursuing a deflationary token strategy by burning nearly its entire token supply.

“The entire round trip of the inference can be attested by an outsider.”

Venice (VVV token) is projected to scale to $336 million in annual revenue and $70 million in token burns by 2027, with a forthcoming AI app store product called Minds launching within weeks.

“I have that in 2027 scaling up to 336 million in projected revenue and 70 million in burns.”

The equity-token misalignment problem may appear solved today but is structurally worsening over time, particularly as companies like Venice continue raising capital.

“I think the most important thing that you said and I agree with is that the equity alignment problem is like pseudosolved in this moment of time but this is going to become a bigger and bigger issue especially if Venice raises more like as time goes on this is going to be a larger and larger problem.”

Laura Shin on the next non-memecoin token boom being small-cap AI inference tokens.

“I think there's going to be a lot of these types of like small cap AI type of raises because you know the minimum AI raise like now is like feels like it's like 20 million, right? But there might be a lot of these smaller teams that are going to raise less to like do a small inference Friday to kind of like localize certain technologies. So I kind of could see that market actually being like they're going to be like many Venice tokens and like there's kind of going to be a boom there and that's like the non-mecoin token boom of the next cycle.”

Venice is flagged as the template for a coming wave of small-cap decentralized AI inference tokens offering staking discounts and privacy-preserving data retention.

“I think there's going to be a lot of these types of like small cap AI type of raises because you know the minimum AI raise like now is like feels like it's like 20 million, right? But there might be a lot of these smaller teams that are going to raise less to like do a small inference Friday to kind of like localize certain technologies. So I kind of could see that market actually being like they're going to be like many Venice tokens and like there's kind of going to be a boom there and that's like the non-mecoin token boom of the next cycle.”