CARV, the world's leading modular identity and data layer for gaming and AI, 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.
As a core component of the CARV ecosystem, $CARV empowers holders to participate in the governance and development of 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 revenue streams by purchasing CARV nodes (with 40 million tokens allocated). CARV provides a buyback program for node holders to effectively promote true decentralization. With CARV's proven and reliable revenue model and high-yield staking opportunities, $CARV is very attractive to traders.
Victor Yu, COO of CARV, said: âThe TGE is a pivotal moment for CARV. We are committed to empowering gamers and AI developers to truly take control of their data. The launch of the $CARV token is another big step towards building a fair, transparent, and data-driven ecosystem.â
$CARV is now officially integrated into CARVâs âplay and earnâ economic system Infinite Play, reaching 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 self-management data, further increasing token demand.
Yu added: âThis 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 the $CARV token economics model.â
The total supply of $CARV is 1 billion, which is planned to be released in four years, of which 50% will be allocated to the community. 10% of the total token supply will be distributed through three quarterly airdrops. The token distribution is as follows (click to view token function details):
Nodes and communities: 50.00%
Founding team and advisors: approximately 19.46%
Early investors: about 9.25%
Ecosystem and Treasury: 9.00%
Private placement: 8.30%
Liquidity: 4.00%
To enable users to participate in decision-making, CARV launched veCARV on Arbitrum, a locked âvoting escrowâ version of $CARV that can be used to enhance voting power 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 in the future.
2024 was a critical year for CARV. CARV raised $10 million in Series A funding, advanced protocol decentralization through a $35 million validator node sale, and launched a $50 million accelerator program. CARV also achieved outstanding revenue performance in the Web3 space - total revenue in the first three quarters of 2024 exceeded $43 million. This token launch marks the beginning of a new chapter in data empowerment for CARV, building on a solid foundation of financial achievements and technological innovation.
CARVâs roadmap for 2024 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 to improve data processing and privacy protection, and providing an on-chain database solution to achieve instant identity integration of CARV ID.
For more information, see Messariâs latest CARV report, or follow CARV on its blog and Twitter (X).
CARV Introduction
CARV is building the world's largest modular identity and data layer (IDL), focusing 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. With more than 1.3 million daily active users, CARV has 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 from 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. 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.