According to TechFlow, blockchain data protocol CARV announced the launch of a $50 million accelerator program aimed at incubating projects that can promote large-scale application of its eponymous data protocol.

The initiative is backed by top blockchain venture capital funds such as HashKey Capital and Consensys.

It is worth noting that BANANA, the first project incubated by CARV Labs, was built on the TON ecosystem and attracted more than 8 million users in just 4 weeks, with more than 1 million daily active users.