Dragonfly partner Haseeb has clarified misconceptions surrounding the VVV token and Venice, stating that Venice is fundamentally a company, not a decentralized network or on-chain protocol. In a video posted on the X platform, Haseeb emphasized that the market has misinterpreted the nature of the VVV token, which does not represent company equity or network rights. Despite an airdrop, the company's founders have invested millions of dollars from personal funds for operations, without resorting to token sales for financing. Haseeb refuted claims of unclear information, asserting that the project's stance on VVV has always been transparent. He compared VVV to BNB, describing it as a utility asset used for subscription payments, accessing computing power (DIEM), and product permissions, with some revenue allocated for buybacks. However, it does not equate to company equity. Haseeb highlighted that the complexity in VVV's valuation arises from its multifunctional nature, but this does not alter its core identity as a non-equity, non-network asset.