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Consensys and Hashkey-backed $50M accelerator launches for CARV data layer
Some of the CARV accelerator’s top partners already include Arweave, Litentry and Alibaba Cloud.
CARV has launched a $50 million accelerator for projects capable of driving mass adoption of its data layer protocol.
The $50 million accelerator received backing from notable blockchain venture capitalist (VC) funds, including HashKey Capital and Consensys.
CARV, the modular data layer for gaming and artificial intelligence (AI) applications, aims to support projects building the future of decentralized data, according to Victor Yu, co-founder of CARV.
The co-founder told Cointelegraph:
“Our goal is to enable a decentralized data ecosystem for broader innovation. Building sustainable data infrastructure hinges on creating a dynamic data flywheel, which requires modular infrastructure and a critical mass of high-quality applications post-PMF.”
Decentralized data layers: giving back ownership of user data
As a decentralized data solution, CARV enables users to monetize their online data through CARV ID, which aggregates data from Web3 and Web3 sources like emails, social accounts, or crypto wallet addresses.
This enables users to profit off their digital data, which could ultimately grow in value, explained Yu:
“As the protocol grows, the value of data increases and users earn rewards for their data contributions. This model turns user data into a passive income stream, allowing individuals to benefit financially from the data they generate, while businesses can access reliable, consent-based data...”
This can enable the true ownership of online user data, unlike most data-harvesting Web2-specific platforms that monetize user data.
“A modular and decentralized data layer, like CARV's, is crucial because it empowers users with full ownership, control, and privacy over their data across various platforms.”
