ShapeShift founder Erik Voorhees defended the token terms of Venice's $65 million Series A, saying OTC investors could pay up to $131 million for 6.5 million VVV tokens locked for four years.

Venice AI raised $65M at a $1B valuation, giving investors equity and VVV tokens. The company has burned over 40% of VVV supply and doubled burn rates.

ShapeShift founder Erik Voorhees defended the token terms of Venice's $65 million Series A, saying OTC investors could pay up to $131 million for 6.5 million VVV tokens locked for…