In the drive to expand its services and pave the way for innovation, Venice, the renowned Italian city, has taken a leap into the blockchain universe. The city has launched its VVV token, a digital currency centered on the Ethereum’s Base Network.
The launch was not the sole announcement made by the city’s administrators. In addition, they are set to airdrop 50 million tokens to both users of the network and Artificial Intelligence (AI) projects. While the city has not disclosed the specifics of how these tokens will be distributed, it is clear that a substantial number of tokens will soon enter circulation.
Powered by Ethereum’s Base Network, which is widely known for its safety, privacy, and reliability, VVV tokens are a promising venture. Ethereum’s network allows developers to build and operate decentralized applications (DApps), thereby making it a natural choice for Venice to set up its own token.
Venice’s decision to venture into digital currencies comes as cities and countries around the world are exploring how blockchain technology can be used in a range of different areas, including finance, municipal administration, governance, and more. Additionally, the airdrop of tokens to AI projects indicates the city’s interest in developing and supporting cutting-edge technology initiatives.
As Venice moves forward with its blockchain initiative, it is shaping up to be yet another key player in the ongoing expansion of blockchain tech. With the advent of the VVV token, it’s clear that cities are no longer just observers in the digital currency space, but are becoming active participants in the decentralization movement.
Last modified: January 28, 2025
