Woofun AI reports that Venice AI has updated its tokenomics to include a programmatic burn mechanism. For every $100 in API credits purchased, $5 will be utilized to acquire VVV tokens on the open market for permanent removal from circulation.

The project also announced an increase in the DIEM supply cap. The target will rise from 38,000 to 40,000, adding 2,000 units in phases. This adjustment is scheduled to reach its maximum level on September 14th.