The globally leading gaming and AI modular identity and data layer, CARV, today announced the launch of its native functional token $CARV, marking an important step forward in CARV's journey towards data ownership transformation.

The globally leading gaming and AI modular identity and data layer CARV today announced the launch of its native functional token $CARV. The token is deployed on the Base chain and is now listed on eight major centralized exchanges including Bybit, KuCoin, and Bitget. The release of this token signifies a significant step for CARV on the path to data ownership transformation.

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 data.

$CARV holders can not only participate in decision-making and propose new feature suggestions but also further promote network decentralization and create new revenue streams by purchasing CARV nodes (allocated with 40 million tokens). CARV offers a buyback program for node holders to effectively promote true decentralization. With CARV's mature and reliable revenue model and high-yield staking opportunities, $CARV is highly attractive to traders.

Victor Yu, COO of CARV, stated: “The TGE is a pivotal moment for CARV. We are committed to empowering gamers and AI developers, truly allowing them to take control of their data. The launch of the $CARV token is a significant step towards building a fair, transparent, and data-driven ecosystem.”

$CARV is now officially integrated into CARV's "play-to-earn" economic system Infinite Play, covering millions of players and demonstrating high annual yield staking returns in three rounds of experimental promotions. Additionally, as CARV expands into the AI field, Web2 companies will use $CARV to access valuable user self-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 community governance-driven innovative experiences. Our community is at the heart of it all, which is clearly reflected in the $CARV token economic model.”

The total supply of $CARV is 1 billion tokens, planned to be fully released over four years, with 50% allocated to the community. 10% of the total token supply will be distributed through three seasonal airdrops. The token distribution is as follows (click to view token functionality details):

• Nodes and community: 50.00%

• Founding team and advisors: approximately 19.46%

• Early investors: approximately 9.25%

• Ecosystem and treasury: 9.00%

• Private sale: 8.30%

• Liquidity: 4.00%

To enable users to participate in decision-making, CARV has launched veCARV on Arbitrum, a locked "voting escrow" version of $CARV that can be used to enhance voting power, encouraging long-term staking and community-driven development.

$CARV is now listed on the following eight exchanges: Bybit, KuCoin, Bitget, HTX, Gate, BingX, HashKey Global, and MEXC, with plans to list on more exchanges in the future.

2024 is crucial for CARV. CARV has secured 10 million dollars in Series A funding, advanced protocol decentralization through 35 million dollars in validator node sales, and launched a 50 million dollar accelerator program. CARV has also achieved outstanding revenue performance in the Web3 space—total revenue in the first three quarters of 2024 has exceeded 43 million dollars. This token release marks the beginning of a new chapter in data empowerment for CARV, built on a solid foundation of financial achievements and technological innovations.

CARV's 2024 blueprint is still in progress. The team is fully focused on driving the mainnet launch and other key projects within the year, including expanding the identity and data layer through decentralized oracles and data validation, integrating Merkle tree technology to improve the ERC-7231 standard to enhance data processing and privacy protection, and providing on-chain database solutions for instant identity integration of CARV ID.

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

Introduction to CARV

CARV is building the world's largest modular identity and data layer (IDL), focusing on the gaming and AI sectors. CARV services have integrated over 900 games and AI companies, covering more than 30% of the Web3 gaming market, serving over 9.5 million registered players. With over 1.3 million daily active users, CARV has more than 2.8 million unique on-chain CARV IDs. CARV boasts over 2.1 million daily average unique active wallets, covering 40 networks, with the number of active addresses consistently ranking in the top three across multiple chains. To date, CARV has secured 50 million dollars in funding, with investors including top investment firms such as Tribe Capital, Temasek Ventures, HashKey Capital, Animoca Brands, and ConsenSys, as well as renowned gaming studios and ecosystems like MARBLEX (Netmarble) and The Sandbox. Team members come from industry-leading companies such as Coinbase, Binance, Google, and EA, dedicated to revolutionizing the way data is used in gaming, AI, and beyond.

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