Venice, the privacy-focused AI platform founded by Erik Voorhees, listed a canonical version of its VVV token on Solana on October 6, 2026, extending the asset beyond its native home on Base, the Ethereum layer-2 network where it launched on January 27, 2025.

The expansion runs through Sunrise, an asset gateway operated by a subsidiary of Wormhole Labs. Sunrise coordinated the deployment so that Solana wallets and decentralized exchanges could access VVV with liquidity available from day one, removing the need for users to bridge the token themselves. Raydium is among the Solana venues where VVV now trades.

What exactly launched on Solana?

The Solana version of VVV carries a single canonical mint address: VVV4UdRywr7SLafPHzqXwRCw7myXkmgCtitXUvj8g8c. The company confirmed the deployment on October 6, 2026.

For traders, the canonical mint is the critical operational detail. Solana permits permissionless token creation, which means copycat tokens using familiar tickers appear regularly across the network. Anyone buying VVV on Solana should verify the mint address before transacting, since a wrong address means holding an unrelated asset with no claim on Venice's staking utility or revenue mechanics.

The Base original remains an ERC-20 token with a fixed total supply of 100 million. As of early October 2026, approximately 48.5 million VVV circulated, meaning just under half the supply has entered the market.

What does the token actually do?

VVV functions as the utility and economic backbone of the Venice platform. Staking VVV grants holders access to AI inference capacity on Venice, tying token demand directly to usage of the platform's AI services. Stakers can also mint DIEM credits through the protocol.

That staking design links the token to Venice's core business rather than treating it purely as a speculative instrument. If inference demand on the platform grows, staking demand theoretically follows, since access to capacity scales with token commitment.

Why cut emissions at the same time?

Venice paired the Solana expansion with a reduction in VVV's annual emissions, lowering the schedule from 2.5 million tokens per year to 2 million, effective October 1, 2026. The cut came five days before the Solana deployment went live.

The company also operates revenue-backed buy-and-burn mechanisms. Venice uses its income to purchase VVV on the market and remove those tokens from circulation permanently. Combined with the lower emissions schedule, the design is intended to tighten circulating supply over time.

The supply math cuts both ways, however. With roughly 48.5 million of 100 million tokens circulating, more than half the total supply has yet to enter the market. Future unlocks or issuance could offset some of the deflationary effect from buy-and-burn activity, a dynamic holders will need to weigh against the reduced emission schedule.

What are the business numbers behind it?

Venice reportedly reached a $100 million annualized revenue run rate as of August 2026, according to the company. It also reportedly closed a $65 million Series A round in July 2026 at a $1 billion valuation.

Those figures matter for the token mechanics specifically because the buy-and-burn program draws on revenue. A growing run rate increases the capital available for token repurchases, strengthening the link between platform performance and VVV's supply dynamics. A sustained revenue trajectory would also underwrite the inference capacity that stakers access.

Voorhees, best known as the founder of ShapeShift, built Venice around privacy as a counterweight to mainstream AI services that store and mine user conversations. The platform positions itself as an alternative for users who want AI inference without surrendering conversation data.

What does the Solana move change operationally?

The Sunrise deployment removes a friction point that previously limited VVV's reach. Before October 6, Solana users who wanted exposure to the token had to bridge it from Base themselves, a process that adds steps, fees and smart-contract risk. Canonical deployment through a Wormhole Labs subsidiary means Solana's native wallets and DEX infrastructure now handle the token directly.

The choice also reflects market-structure reality. Solana hosts a large share of retail DeFi activity, andVenice gains access to that liquidity pool without fragmenting the token's identity across unofficial wrapped versions.

Venice has not disclosed a schedule for future supply unlocks or additional emissions changes. Whether the reduced 2-million-token annual emission rate holds alongside the buy-and-burn program will determine how much of the remaining 51.5 million tokens reaches circulation — and when.