The VVV controversy has finally been officially addressed by a big player.
Dragonfly managing partner Haseeb Qureshi personally recorded a video to clarify the Venice project:
1. Venice is a centralized company, not a decentralized network—don’t try to apply DAO logic to it;
2. The VVV token does not represent any company ownership or equity. The founders will not give equity away for free to token holders;
3. VVV’s real use case is to stake and mint DIEM, to obtain the right to use Venice’s AI inference computing power, along with benefits tied to the Venice Pro product;
4. The company will use business revenue to buy back and burn VVV, following a deflationary path.
In other words: VVV is essentially a “computing power usage voucher + a buyback-and-burn deflation model,” not an equity token. Venice is following the traditional equity financing route; just this July, it raised a $65 million Series A led by Dragonfly.
My take: This clarification actually spells out the blurred area around AI + tokens. Retail users hoping to profit from subsidiary company earnings can wake up—but if Venice’s inference business can truly scale, the double-support logic of buyback-and-burn plus a genuine demand for computing power isn’t weak. The key is how fast Venice’s actual revenue grows.
For centralized AI companies issuing tokens, the market is still figuring out the pricing. $VVV
#Venice #AI代币 #Dragonfly
Dragonfly managing partner Haseeb Qureshi personally recorded a video to clarify the Venice project:
1. Venice is a centralized company, not a decentralized network—don’t try to apply DAO logic to it;
2. The VVV token does not represent any company ownership or equity. The founders will not give equity away for free to token holders;
3. VVV’s real use case is to stake and mint DIEM, to obtain the right to use Venice’s AI inference computing power, along with benefits tied to the Venice Pro product;
4. The company will use business revenue to buy back and burn VVV, following a deflationary path.
In other words: VVV is essentially a “computing power usage voucher + a buyback-and-burn deflation model,” not an equity token. Venice is following the traditional equity financing route; just this July, it raised a $65 million Series A led by Dragonfly.
My take: This clarification actually spells out the blurred area around AI + tokens. Retail users hoping to profit from subsidiary company earnings can wake up—but if Venice’s inference business can truly scale, the double-support logic of buyback-and-burn plus a genuine demand for computing power isn’t weak. The key is how fast Venice’s actual revenue grows.
For centralized AI companies issuing tokens, the market is still figuring out the pricing. $VVV
#Venice #AI代币 #Dragonfly