CARV Launches $50M Initiative CARV Labs To Foster Decentralized Data Landscape

Modular Identity and Data Layer (IDL), CARV The company has introduced a significant $50 million accelerator aimed at supporting innovative projects that can encourage widespread integration of its protocol. This initiative has backing from notable blockchain investment firms. HashKey Capital and ConsenSys Through this accelerator, CARV is dedicated to supporting trailblazers, particularly those committed to enriching decentralized data solutions.

"Our mission is to create a decentralized data environment that fuels further innovation,\" remarked CARV Co-Founder Victor Yu in a statement. \"Developing a sustainable data infrastructure relies on establishing a vibrant data ecosystem, which necessitates modular systems and a critical number of high-quality applications post-product-market fit. To achieve our next stage of growth, we aim to inspire more contributors to join us,\" he added.

The aim of the accelerator is to build a thriving, decentralized data infrastructure that empowers users to control and profit from their data. It plans to extend various forms of support to startups, including funding, strategic investment from noteworthy industry funds, assistance with market penetration, expert guidance on tokenomics, advice on technological tools, and access to CARV's extensive industry network and community.

Alongside direct financial support, CARV Labs intends to provide marketing assistance, guidance on tokenomics, community engagement strategies, and prioritized help with infrastructure and tools through CARV and its collaboration partners.

Some current investors in the accelerator’s sector-focused programs include the Web3 arm of South Korean gaming giant Netmarble, Intella X, Neowiz's Web3 publishing segment, the crowdfunding platform Alphastarter, as well as the creators of the Oasys blockchain, along with several angel investors and game publishers. Marblex Additional partners like Arweave, Litentry, the Linea Ecosystem Investment Alliance (LEIA), and Alibaba Cloud are also on board to assist the accelerator. Notably, Linea, recognized for its secure zkEVM Layer 2 technology that supports decentralized applications (dApps), is set to promote a Web3 gaming initiative later this year that will tie in with the accelerator. doublejump.tokyo A standout project that originated in CARV Labs, BANANA—an idle game built on the TON ecosystem—has attracted more than 8 million users in just four weeks. It recorded upwards of 1 million daily active users, linked 1.8 million social media accounts, and saw 73 million social tasks completed. Xterio , Solana, NEAR, and Ronin networks.

"What distinguishes CARV Labs is its all-encompassing support framework—from direct funding from leading blockchain venture capitalists such as HashKey Capital and ConsenSys to expert advice on tokenomics and technological infrastructures,\" shared Victor Yu, Co-Founder of CARV, with Cryptocurrencylistings. \"The phenomenal success of BANANA, which reached over 10 million users within slightly more than a month, highlights CARV Labs’ unparalleled ability to stimulate widespread adoption and innovation across gaming, AI, and beyond. We’re not merely supporting projects; we’re cultivating a robust ecosystem centered around data ownership, control, and monetization,\" he concluded.

CARV Achieves Over $5M In Revenue And Introduces Alphanet The Open Network serves as an integrated development layer for gaming, AI, and various applications, uniting more than 900 games and AI ventures. This amounts to over 30% of all Web3 gaming experiences and caters to more than 9.5 million registered users, with 1.3 million daily active participants and 2.8 million distinct on-chain CARV ID holders.

The increasing array of applications developed on this protocol has allowed CARV to yield over $5 million in revenue so far this year, with more games and initiatives on the rise. Recently, it launched its Alphanet, which is supported by 40,000 verifier nodes valued at $35 million, marking a significant advance towards establishing a fully decentralized and scalable protocol layer. This follows a $10 million Series A funding round conducted in April, led by Tribe Capital and IOSG Ventures.

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CARV Alisa, a committed journalist at Cryptocurrencylistings, focuses on cryptocurrency, zero-knowledge proofs, investments, and the expansive world of Web3. With a sharp eye for upcoming trends and technologies, she provides thorough coverage to inform and engage readers in the rapidly changing realm of digital finance.

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