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CARV is now online, with an increase of more than 1200%: empowering data ownership and value creation in the gaming and AI fields

CARV is now online, with an increase of more than 1200%: empowering data ownership and value creation in the gaming and AI fields

BlockBeatsBlockBeats2024/10/10 11:02
By:BlockBeats

The total supply of CARV is 1 billion, all of which are planned to be released within four years, 50% of which will be allocated to the community.

Original source: CARV


The world's leading modular identity and data layer for games and AI, CARV, today announced the launch of its native utility token CARV. The token is deployed on the Base chain and is now available on eight major centralized exchanges including Bybit, KuCoin, and Bitget. The launch of this token marks an important step for CARV in the transformation of data ownership. According to Bybit market data, the increase after the launch reached 1229.25%.


As a core component of the CARV ecosystem, CARV empowers holders to participate in the governance and development of the CARV Protocol, CARV Play, and CARV Labs, enabling holders to actively shape the future of the protocol, share in its success, and truly own, control, and monetize their own data.


CARV holders can not only participate in decision-making and propose new features, but also further promote network decentralization and create new sources of income by purchasing CARV nodes (allocated 40 million tokens). CARV provides a buyback program for node holders to effectively promote true decentralization. With CARV's proven and reliable income model and high-yield staking opportunities, CARV is extremely attractive to traders.


Victor Yu, COO of CARV, said: "The TGE is a critical moment for CARV. We are committed to empowering gamers and AI developers to truly control their own data. The launch of the CARV token takes us another big step towards building a fair, transparent, and data-driven ecosystem."


CARV is now officially connected to CARV's "play and earn" economic system Infinite Play, covering millions of players and demonstrating high annualized staking returns in three rounds of experimental promotions. In addition, as CARV expands in the field of AI, Web2 companies will use $CARV to access valuable user-managed data, further increasing token demand.


Yu added: “This is just the beginning - our roadmap includes multiple upcoming airdrops, deeper collaborations with gaming partners, and innovative experiences driven by community governance. Our community is at the heart of it all, and this is clearly reflected in CARV’s token economics model.”


CARV will have a total supply of 1 billion tokens, all of which will be released within four years, with 50% going to the community. 10% of the total token supply will be distributed through three quarterly airdrops. Token distribution is as follows (click to view token function details): · Nodes and community: 50.00% · Founding team and consultants: approximately 19.46%


· Early investors: approximately 9.25%


· Ecosystem and treasury: 9.00%


· Private placement: 8.30%


· Liquidity: 4.00%


In order to enable users to participate in decision-making, CARV launched veCARV on Arbitrum, a locked "voting custody" version of CARV that can be used to enhance voting rights and encourage long-term staking and community-driven development.


CARV is now available on eight major exchanges: Bybit, KuCoin, Bitget, HTX, Gate, BingX, HashKey Global and MEXC, with more to come.


2024 is critical for CARV. CARV raises $10m in Series A funding, advances protocol decentralization through a $35m validator node sale, and launches a $50m accelerator program. CARV has also achieved outstanding revenue performance in the Web3 space - total revenue exceeded $43 million in the first three quarters of 2024. This token launch marks the beginning of a new chapter for CARV in data empowerment, building on a solid foundation of financial achievements and technological innovation.


CARV’s 2024 blueprint is still moving forward. The team is working hard on the mainnet launch and other key projects for the year, including expanding the identity and data layer through decentralized sequencers and data verification, integrating Merkle tree technology to improve the ERC-7231 standard for better data processing and privacy protection, and providing an on-chain database solution to achieve instant identity integration of CARV ID.


For more information, see Messari's latest CARV report, or follow CARV's blog and Twitter (X) for updates.


About CARV


CARV is building the world's largest modular identity and data layer (IDL) focused on games and AI. CARV services have integrated more than 900 games and AI companies, covering more than 30% of the Web3 game market and serving more than 9.5 million registered players. It has more than 1.3 million daily active users and more than 2.8 million unique on-chain CARV IDs. CARV has more than 2.1 million daily independent active wallets, covering 40 networks, and the number of active addresses ranks among the top three in multiple chains. To date, CARV has received $50 million in financing, with investors including top investment institutions such as Tribe Capital, Temasek Ventures, HashKey Capital, Animoca Brands and ConsenSys, as well as well-known game studios and ecosystems such as MARBLEX (Netmarble) and The Sandbox. The team members come from industry leaders such as Coinbase, Binance, Google and EA, and are committed to subverting the way data is used in games, AI and more.


This article is from a contribution and does not represent the views of BlockBeats

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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