Carnegie Asset and Resources Venture, CARV, has released its native cryptocurrency $CARV on eight exchange platforms, which will be major for the cryptocurrency and gaming services market. This launch is significant for CARV’s goals of democratizing data ownership and stewardship in gaming and artificial intelligence.
As mentioned, the token of CARV, the company that is positioning itself as a modular identity and data layer for gaming and AI, is already listed on Bybit, Kucoin, Bitget, HTX, Gate, BingX, HashKey Global, and MEXC. This is after CARV has shown tremendous growth and profitability in web3 over the years.
Existing as the basis of the CARV ecosystem, which consists of CARV Protocol, CARV Play, and CARV Labs, the $CARV token is destined to come into the world and become widely used. The owners of tokens receive the right to contribute to the ongoing development of the protocol directly, earn rewards for it, and actually own their data. It fits well with the existing concept of data sovereignty and decentralization, which are the key trends in the information world.
Essentially, one of the core aspects of the $CARV token is its governance functionality. The holders can participate in decision-making and offer new suggestions for improving the platform. Also, the token holders get a chance to buy the CARV nodes, which, with 40 Million tokens, the network will be highly decentralized with more revenue streams.
The selling of its token by CARV comes at the right time when the project has shown an excellent financial result. It now generates over 43 million of total revenues in the first three quarters of 2024, making a stand in the new age misty field of the cryptocurrency. This financial success is supported by CARV’s deep integration with over 900 games and AI organizations, making up more than a third of all Web3 games.
The same applies to the user’s base of the project which has 9.5M registered players, 1.3M active players daily, and 2.8M unique connected to CARV ID. These numbers put CARV into the global top three by average daily unique active wallets across more than 40 blockchains.
This is the story of how CARV has been up until this point. The project achieved $10M in Series A and advanced its protocol decentralization with a $35M verifier node sale. I also provided the innovation of a $50 million accelerator program to show commitment in the space.
As for further activities of CARV for the rest of 2024, it is high time to reveal the following plan. It oversees its mainnet release and several initiatives underway to spruce up its growth trajectory. Some of these are expanding its identity and data layer within the use of decentralized sequencers and data verification accompanied by Merkle tree implementation to boost the data efficiency and security of the ERC-7231 standard or the provision of an on-chain database solution enabling the CARV ID instant integration with the respective identity.
Here we see not only the milestone of the project but also the further development of the cryptocurrency and gaming industries. Enhancing ownership, privacy and more importantly value creation or monetization solutions are some of the emerging needs as these sectors intertwine. Exemplified by CARV, this approach means control over user data and user-specified processing criteria will become the new norm for personal data handling and exploitation in digital spaces.
This team at CARV consists of industry players with experience working in giant tech and gaming corporations such as Coinbase, Binance, Google, and Electronic Arts. This combined experience has set CARV up in a special place for it to disrupt the usual use of data in both the crypto and gaming industries and beyond.
With the development of cryptocurrency market new serious projects such as CARV has for example the ability to quickly gain popularity because they respond to the need of society. The fact that $CARV was launched and received positive recognition by several exchanges indicates that there is a community that is interested in finding efficient solutions within the crossing of blockchain technologies, gaming, and artificial intelligence.
However, for investors and enthusiasts who are already in the stock, particularly those interested in cryptocurrencies, CARV seems to offer an interesting opportunity. This is a project to watch in the next several months and years because it has a track record of selling subscriptions, has deeply integrated itself into the newspaper industry, and has a unique take on how to store and present data.
With the constant evolution of the social digital environment in the direction of decentralized access and ownership, CARV’s idea of giving people the right to own, manage, and potentially earn on their data can become the future model for interaction online. With token trading live, the next steps of the CARV journey look like a period of evolution, invention and, possibly, revolution.
