Santa Clara, California, September 12, 2024, Chainwire
CARV is launching a $50 million accelerator to incubate projects that could lead to mass adoption of its namesake data protocol.
Backed by leading blockchain VCs including HashKey Capital and Consensys, the modular data layer for gaming and AI is designed to empower innovators, particularly those actively building the future of decentralized data.
Powered by CARV Protocol, the accelerator aims to enable a animated, decentralized data infrastructure that will allow users to control and monetize their data. It will provide comprehensive support for startups, including funding and investment backed by leading industry funds, launch and growth support, expert tokenomics advice, technical advice on infrastructure and tools, and access to the company’s industry network and community.
“Our goal is to enable a decentralized data ecosystem for broader innovation,” said CARV co-founder Victor Yu. “Building a sustainable data infrastructure relies on creating a dynamic data flywheel, which requires modular infrastructure and a critical mass of high-quality applications after PMF. To propel the next hockey stick forward, we want to continue to encourage more players to build.”
In addition to direct funding and investment, CARV Labs will provide marketing and development support, as well as tokenomics advisory services, community building, and priority infrastructure and tool support from CARV and its network partners.
Current industry investors slated to play a role in the accelerator’s industry-specific programs include MARBLEX, the web3 arm of South Korean mobile game developer Netmarble; Intella X, the Web3 Publishing arm of South Korean global game developer and publisher NEOWIZ; crowdfunding platform Alphastarter; Doublejump.tokyo, the developer behind the Oasys blockchain; various angel investors; game publisher Xterio; and the NEAR and Ronin networks.
Additional partners such as Arweave, Litentry, Linea Ecosystem Investment Alliance (LEIA) and Alibaba (NYSE:) Cloud will also promote the accelerator. Linea, a secure L2 zkEVM that enables dapps development, will further promote its web3 gaming offering later this year, which will tie into the accelerator.
The first project incubated at CARV Labs, BANANA, an idle game based on the TON ecosystem, attracted over 8 million users in just 4 weeks, with over 1 million daily lively users, 1.8 million connected social accounts, and 73 million completed social quests. The rapid success of BANANA underscores CARV Labs’ effectiveness in fostering innovation and driving user engagement in decentralized applications. This milestone demonstrates the potential of future projects and positions CARV Labs as a leader in this space.
The wave of applications based on the protocol has allowed CARV to generate over $5 million in revenue YTD, with more games and projects in the pipeline. Last month, the company announced the launch of Alphanet, managed by 40,000 validation nodes distributed to its community at a value of $35 million. The milestone was considered essential as CARV evolves into a truly decentralized and scalable protocol layer. Alphanet’s arrival follows April’s Series A funding round led by Tribe Capital and IOSG Ventures, which raised $10 million.
Those interested in gaming, AI and data infrastructure projects and wanting to learn more about the novel accelerator are asked to contact us via the official CARV Discord channel.
About CARV
CARV is building the largest modular identity and data layer (IDL) for gaming, AI, and beyond, integrating over 900 games and AI companies, representing over 30% of all Web3 games and serving over 9.5 million registered players with over 1.3 million daily lively users and 2.8 million unique CARV ID holders on-chain. Ranking in the top 3 globally with over 2.1 million average daily lively wallets across 40+ chains, CARV has raised a total of $50 million in funding from leading investors such as Tribe Capital, Temasek Vertex (NASDAQ:), HashKey Capital, Animoca Brands, and ConsenSys, as well as major gaming studios and ecosystems such as MARBLEX (Netmarble) and Sandbox. The team includes industry veterans from Coinbase (NASDAQ:) , Binance , Google (NASDAQ:) , and Electronic Arts (NASDAQ:) , all dedicated to revolutionizing the exploit of data in gaming, AI, and beyond.
About HashKey Capital
HashKey Capital is a global leader in digital assets and blockchain that helps institutions, founders, and talent advance the blockchain industry. As one of the largest cryptocurrency fund managers and the earliest corporate investor in , HashKey Capital has managed over $1 billion in client assets since inception. Leveraging its unparalleled experience, HashKey Capital’s venture capital investment team oversees a diversified portfolio of over 600 pioneering projects spanning institutional services, infrastructure, data, AI, consumer services/technology, and more.
About Consensys
Consensys is a leading blockchain and web3 software company. Since 2014, Consensys has been at the forefront of innovation, pioneering technological advancements in the web3 ecosystem. With our suite of products, including the MetaMask platform, Infura, Linea, Diligence, and our NFT Phosphor toolkit, we have become a trusted collaborator for users, creators, and developers on their journey to build and belong to the world they want to see. Whether they are building a dapp, an NFT collection, a portfolio, or a better future, the instinct to build is universal. Consensys inspires and promotes the builder instinct in everyone, making web3 universally uncomplicated to exploit and develop. To learn more about our products and solutions, visit https://consensys.io/.
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ContactCOOVictor Y.vito@carv.io
