According to VentureBeat, CARV, which provides a modular data layer for the gaming and AI industries, announced today that it has completed a $10 million Series A financing. With the support of many leading companies in the industry, CARV will be committed to further building the largest modular data layer for the gaming and AI industries and promoting data innovation, and ensuring that individuals can participate in value distribution in addition to owning data, creating a next-generation Internet that is truly owned by users.
This round of Series A financing was led by Tribe Capital and IOSG Ventures, with participation from Consensys (developer of MetaMask and Linea), OKX Ventures, Fenbushi Capital, No Limit Holdings, Draper Dragon, Arweave, LiquidX, MARBLEX (Netmarble) and other important investors. CARV has received investments from many well-known institutions before this round, including HashKey Capital, Infinity Ventures Crypto and Vertex Ventures, a subsidiary of Temasek Holding.
Victor Yu, co-founder of CARV, said: "The support of these top investors highlights their confidence in CARV's role in reshaping data ownership and value distribution. For a long time, user data has been an important force driving economic growth, but they have never been able to share the economic value. The rise of AI has increased the industry's demand for high-quality data to better train models, but brands are also facing increasingly stringent regulatory challenges in obtaining compliant data. In this context, CARV, on the one hand, enables users to take back data autonomy, and on the other hand, can provide comprehensive, high-quality, compliant data to game brands and AI projects while protecting user privacy, and further enable users to participate in profit distribution. This innovative model is expected to reshuffle the rules of the game in the traditional advertising industry and make users the core of the data economy again."
CARV's innovative solution consists of three parts:
CARV Protocol is a cross-chain modular data layer that includes components for data verification, storage, processing, and monetization.
CARV ID uses the innovative ERC-7231 standard, integrating the Web2 and Web3 identities of more than 1 million users to promote data autonomy. The CARV Link oracle service can process on-chain data verification and then store it in a distributed hybrid storage system based on Ethereum. After processing, the data will be published across multiple blockchains to simplify cross-chain management while ensuring security and improving the efficiency of data monetization.
CARV Play is a cross-platform identity authentication system and the largest game distribution and social platform for Web3. In the past quarter, CARV Play has more than 500,000 daily active wallets, becoming one of the top three most active ecosystems on chains such as Linea, opBNB, zkSync and Ronin, providing a better experience for 2.5 million gamers, allowing them to share data, establish credentials, play games and earn rewards. Currently, there are more than 750 games joining CARV Play, including well-known games such as MARBLEX, Shrapnel, Off the Grid, Pixelmon and Pixels.
CARV AI Agent CARA is a personalized game assistant that seamlessly integrates Web3 wallets, TON ecosystem games, and social functions. Based on player data, CARA can recommend games, activities, and airdrop opportunities in a personalized way.
Victor Yu, co-founder of CARV, said: "The vision of the CARV ecosystem is to provide infrastructure to reshape the Internet, allowing everyone to benefit from participation, allowing individuals to become the core of digital interactions and earn lifelong passive income. We are very excited to see this future."
Boris Revsin, Managing Director of Tribe Capital, said: "CARV is a visionary company that is pioneering the use of blockchain technology to strengthen user autonomy and privacy in the digital realm. Their rapid growth and continued active user base in gaming and AI are a testament to their impact on the industry. We are excited to support CARV's continued innovation and lead the gaming industry towards data-driven development to provide users with better experiences."
“CARV is the leading platform for gamers to share the value of their personal data in a self-determined, privacy-preserving way, while also solving the problem of gamers discovering new Web3 games,” said Michael Camarda, Senior Director of Corporate Development at Consensys. “CARV has been a key partner of Linea since its founding, and we are excited to support them in their next phase.”
Next, CARV is preparing to launch node sales (https://node.carv.io/) to enhance the security and credibility of the protocol, continue to implement the original intention of decentralization, and build a new generation of Internet that is truly owned by users and supports data monetization.
For the latest CARV news, including node information, please visit the official Twitter: @carv_official
About CARV
CARV is the largest modular data layer for gaming and AI, revolutionizing how data is used and shared. To create a future where data creates value for everyone, CARV developed the CARV Protocol, which has been integrated with over 40 chains’ ecosystems. CARV Play is a gaming super app with over 2.5 million registered users and over 700 gaming partners. For more information, visit carv.io
Media Contact
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