$VVV Community Call | September

David Hoffman (0:04)

Hey, Bankless Nation, we've got some bonus content for you here on the weekend. Every month, Bankless and Venice partner together to do a VVV community call. That's a one hour long episode that I host live on X with Jon, the head of strategy at Venice. In this call, this episode is really meant for VVV holders. We talk about VVV economics, Venice product updates, and cover the news in the AI industry as it relates to privacy and dignity in the world of AI.

And as you might guess, there's always a lot to talk about.

While typically we don't place content with our partners on the RSS feed, we've got enough requests from the community that we do so since that is where they consume their content. So we're adding the monthly VVV call to the RSS feed on the weekend after it's recorded. If you like the episode and you want to join the VVV Telegram where we talk, learn and educate about VVV, you can hit me up in the Bankless Discord or in my Twitter account and I'll throw you the link.

So here is the September VVV call with Jon from Venice. Welcome to the September VVV call. Every month, Jon, the head of strategy at Venice, and I go through the developments, the news, the events in the Venice and private AI space, keeping you up to speed with all things VVV and everything related to user privacy and sovereignty in the AI age. Jon, happy September. How are things over at Venice?

Jon (1:21)

Yeah, happy September, David. Things are good.

It's crazy that it's been a month already, but things happen fast.

David Hoffman (1:30)

I think this week or this month specifically has been when the social zeitgeist around AI has hit new highs with attention on Anthropic, attention on OpenAI. Dario is having a meeting with Donald Trump.

The big AI labs keep on the market conversation around the big AI labs is looking at their IPO coming down the pike at the end of this year or early next year. And I think as a societal conversation, I think we're having the AI conversation more than ever, which feels crazy to say, but because we've been having this AI conversation for years now, but it seems to be nonstop in terms of just how much, how ready AI is, there's a conversation on the Daily Podcast and the New York Times. Everyone is talking about AI everywhere.

Jon (2:21)

Yeah, I mean, I think as these labs push forward, as the models continue to get better, I don't see how that doesn't continue to be the case. The thing just becomes more and more relevant as they become more and more capable and more people actually wake up to the capability. I'd actually argue that only a very small slice of the population has even woken up to what they can do today, pretty much what's what they're going to be able to do about three months from now. So I don't see that train slowing down.

David Hoffman (2:50)

In these VVV calls, we're going to go through just updates in the Venice ecosystem, updates to the VVV and DMTokenomics, updates to the Venice products, but we're also going to talk about some AI current events where I want to pick Jon's brain on some of the things happening around the Venice space in some adjacent companies, just to kind of keep us up with the news. But I want to start with this tweet from Eric here. This came in pretty early this month, I think, September 16th was when this was tweeted. So two weeks ago, Venice now at 250 billion daily tokens. This is Eric Ford. He's one of the founders of Venice. He's retweeting himself from a tweet a while ago when he tweeted out that Venice is at 100 billion daily tokens gone through the Venice platform. Now Venice was processing 100 billion daily tokens on June 25th, 250 billion daily tokens in September 16th. And if you look at this curve, I see a skateboard ramp. I see a curve going upward. So it's not just growth, but the growth itself is growing. Jon, talk to me about what this chart means for you as strategy and for Venice as a company.

What is, why is this chart so significant? Yeah.

Jon (3:58)

So I mean, at a high level, I mean, every time Eric posts this chart, it's always one of my favorites. And I always like to sort of, you know, half facetiously, but not really, like to say it's the best chart in crypto, because this is just a chart of the fundamental business at the very base level. There's obviously a lot more that goes into Venice's business than just how many tokens are we doing a day. But at a high level or directionally, like this is the growth, this is where everything is. And like, you know, and I think also when you look at comps, when you look at the open routers, etc., they have, you know, similar charts. AI growth is, AI usage is growing across the industry. We are certainly experiencing that at Venice. I think this chart is one of the best examples of just fundamentally, we're just simply doing more tokens every day.