Woofun AI reports that Venice has updated its tokenomics by extending the VVV buyback and burn mechanism to API credit purchases. For every $100 in API credits bought, $5 is automatically used to acquire and burn VVV, with these transactions tracked separately from subscription-based burns.

Additionally, the target supply of DIEM, the ecosystem's second-generation token used for AI model access, will increase from 38,000 to 40,000 tokens starting August 3. This adjustment allows for an additional 2,000 DIEM to be minted by locking VVV as collateral, thereby increasing the availability of daily AI API credits while maintaining supply-demand balance.