Source: CoinDesk
Summary
Venice AI, a decentralized finance (DeFi) platform, has reached profitability, according to CEO Erik Voorhees. Annualized run-rate revenues have surpassed $70 million. Voorhees made the announcement, highlighting the platform’s financial performance.
Our Reading
The launch follows a familiar script.
Venice AI is already profitable, with annualized run-rate revenues of over $70 million. Erik Voorhees said this. Venice AI is a DeFi platform. The announcement sounds like a milestone. Another “disruptor” finds a business model that works.
Author: Evan Null
