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Venice AI, a privacy AI platform, announced an update to the tokenomics for VVV and DIEM. Starting immediately, for every $100 worth of API credits purchased, Venice AI will automatically use $5 from that amount to buy back and burn VVV in the public market. In addition, the DIEM supply target will be increased in stages for the first time from 38,000 to 40,000, with an upward adjustment of 500 every two weeks starting August 3, to be completed by September 14. DIEM’s usage mechanism remains unchanged: for staking 1 DIEM, users can still earn $1 worth of API credits per day, refreshed daily.