Venice AI has a solution where I stake their Base ERC20 token, and in exchange I get a proportional amount of free daily-refreshing API access to a variety of high-powered open source models, besides the staking yield and free Pro subscription level access to their webapp.

It's great for free experimentation when coding apps that use API inference, it's actually motivating to build uses for it because it feels akin to a benefit that otherwise goes unused. Of course there is some price risk in holding their crypto token. After a large spike and drop in the first couple days, it's held steady for 6 months with a $2-$3 floor, possibly due to it having that baseline utility. Mentally, it's far more comfortable to me to stake a principal sum that I can wholly unstake in the future, than to spend on per-request fees.

Sigh, yet another greater fool shilling a get-rich-quick pyramid scheme run by a serial crypto scammer who's already been charged by and settled with the SEC for offering unregistered securities, and is still running pump-and-dump insider trading schemes.

You're just going to get the rug pulled out from under you, and shilling on Hacker News isn't going to prevent that, and is totally inappropriate and uncalled for in a serious discussion about the economics of AI.

VVV Token of Venice AI Plummets 50% Due to Insider Trading Suspicions:

https://www.binance.com/en/square/post/19617661216041

Did Venice Team Dump $5.7M Tokens After Coinbase Listing? Venice AI platform faces a new token-issuing and dumping allegation for $5.7M VVV tokens at the recent price after the Coinbase listing:

https://coingape.com/trending/did-venice-team-dump-5-7m-toke...

https://x.com/AmirOrmu/status/1886505621026984107

@AmirOrmu: Venice team issued themselves an additional $5.7M worth of new tokens RIGHT AFTER the Coinbase listing!

@ErikVoorhees, do you care to explain why?

They immediately sold $450K worth of $VVV using only this fresh address...

Wallet Address + Proof

SEC Charges Bitcoin Entrepreneur With Offering Unregistered Securities:

https://www.sec.gov/newsroom/press-releases/2014-111

A 2018 investigation by the Wall Street Journal alleged that Erik T. Voorhees's previous company ShapeShift had facilitated money laundering of $90 million in funds from criminal activities over a two-year period. Yet here you are shilling his latest get-rich-quick crypto scheme Venice AI.

How Dirty Money Disappears Into the Black Hole of Cryptocurrency. The Wall Street Journal investigation documents suspicious trades through venture capital-backed ShapeShift:

https://www.wsj.com/articles/how-dirty-money-disappears-into...