KR1 plc (LSE: KR1), the London Stock Exchange-listed onchain infrastructure company, has announced it has fully staked its current holding of 275,000 Venice (VVV) tokens, earning rewards at an indicative annualised staking rate of approximately 5.74% as at 11 November 2026. The company believes it is the largest publicly listed holder of VVV, representing approximately 0.56% of the circulating supply. The update follows KR1's October Infrastructure Income & Holdings report, which valued its VVV position at £5.77 million as at 30 September 2026, and highlights the company's growing strategic commitment to the convergence of artificial intelligence and blockchain infrastructure.

Key Points

  • KR1 plc (LSE: KR1) is the only dedicated onchain infrastructure company listed on the Main Market of the London Stock Exchange
  • KR1 has fully staked 275,000 VVV tokens at an indicative annualised staking rate of approximately 5.74% as at 11 November 2026
  • Venice reported 5 million users, annual revenue exceeding US$150 million, and a US$1 billion valuation following a US$65 million Series A led by Dragonfly
  • Investors may be watching how KR1 deploys staking rewards — whether reinvested or used to fund operations — and the trajectory of Venice's buy-and-burn programme

KR1's 275,000 VVV Position Fully Staked at 5.74% Annualised Rate

KR1 first disclosed an initial holding of 60,000 VVV in its "Introducing Decentralised AI" announcement on 14 May 2026, alongside the commencement of staking operations. Since then, the company has steadily increased its position to 275,000 VVV. By fully staking this holding, KR1 generates infrastructure income in the form of newly issued VVV tokens. The company notes that reward rates vary and that standard VVV unstaking is subject to a seven-day cooldown period, which represents a liquidity consideration investors should be aware of when assessing this strategy.

Venice Platform Growth: 5 Million Users and Daily Inference Volume Exceeding One Trillion Tokens

Founded by crypto entrepreneur Erik Voorhees, Venice provides access to frontier and open-source AI models for generating text, code, images, video and audio, with a design focus on privacy, model choice and user control. The platform's October community update reported 5 million users, with the increase from 4 million to 5 million taking 68 days. Daily inference volume exceeded one trillion tokens during October, compared with approximately 250 billion at the end of September. Venice also completed a US$65 million Series A funding round led by Dragonfly at a stated US$1 billion valuation, intended to expand its consumer platform and API business.

VVV Buy-and-Burn Mechanism Links Venice Revenue to Token Supply Reduction

Venice operates a buy-and-burn programme that allocates 5% of API credit purchases to acquiring VVV on the open market and permanently removing it from supply. New Pro, Pro+ and Max subscriptions trigger burns of US$2, US$5 and US$10 respectively, alongside discretionary burns. Venice reported that the value of VVV burned during October had exceeded US$1 million by 28 October 2026. The announcement explicitly states this mechanism is separate from staking rewards and does not constitute a cash distribution to token holders, an important distinction for investors evaluating VVV's economic structure.

KR1's DIEM Strategy Converts Staked VVV Into AI Inference Capacity for Third-Party Marketplaces

Beyond direct staking, KR1 employs a secondary strategy using DIEM, a token that holders can mint by locking staked VVV. KR1 acquired its DIEM separately and stakes it to access daily AI inference credits on the Venice platform. The company then makes this inference capacity available to customers through third-party marketplaces, creating an additional revenue channel from its Venice holdings. Managing Director and Co-Founder Keld van Schreven stated that staking rewards can be used to fund operations or reinvested in productive assets, describing reinvestment as the mechanism driving what he terms the "KR1 flywheel" of growing earning capacity per equity share.