The CARV ecosystem returns data sovereignty to individuals, allowing users to enjoy corresponding benefits generated from value sharing in games and AI systems.

By Coolman, Foresight News

With the new round of technological revolution and industrial transformation, "data" has become the engine of growth. Nowadays, the average person generates up to 146 GB of data through 30 apps per day, and nearly 90% of the global data in the past two years has been generated by independent individuals. While platform AI can provide individuals with customized experiences through data analysis, the convenience comes with the hidden danger of long-term control of personal data by a few internet platforms. Centralized platforms profit from massive data, while the true data creators have no control or privacy rights, let alone the basic right to profit from the data.

Although major platforms have intentionally reduced cookie tracking amid scrutiny, there are few initiatives that truly return data sovereignty to individuals. As the internet boom gradually comes to an end, the emergence of blockchain seems to provide a competitive solution to privacy issues and data sovereignty, but challenges and hopes always coexist. The distance from large-scale adoption of blockchain technology, its complex user experience, and high costs of digital asset management are enough to deter newcomers.

Therefore, the urgent problem is how to build a user-friendly DApp on the basis of blockchain technology, restore individual data sovereignty, and establish a complete economic model and ecosystem around it. CARV, a discovery by HuaDian, quickly took action, transforming from a focus on games and a game platform and data protocol that focuses on player credentials into a modular data layer for games and AI, while simultaneously forming a "construction + application," "C-end + B-end" dual flywheel.

What is CARV

In order to return data sovereignty to individuals and allow users to enjoy corresponding benefits generated from value sharing in games and AI systems, CARV has built its own ecosystem, including CARV Protocol and two flagship products: CARV Play and CARV AI Agent.

CARV Protocol

CARV Protocol is a modular data layer designed to facilitate data exchange and value distribution in the gaming and AI fields. Through end-to-end data flow processes and modular design, it includes five modules: identity layer, storage layer, computation and training layer, execution layer, and verification layer, to carry out processes such as data validation, identity authentication, storage, processing, model training, and value distribution. Through the CARV Protocol, data ownership, control, and verification return to the hands of the individual, and data can be tokenized to generate revenue. CARV Protocol ensures that these rights are held by individuals, changing the long-standing ways of data use and sharing.

In addition, for enterprises, CARV provides high-quality, privacy-assured, and regulatory-compliant user data access, which can effectively utilize and improve project operations. In terms of infrastructure, CARV Protocol supports the entire data lifecycle, ensuring data monetization and value distribution in a decentralized, integrated, privacy-focused, and regulatory-compliant manner.

Currently, CARV Protocol has provided "data as assets" services to over 780 companies in the Web2 and Web3 gaming and AI fields (such as Electronic Arts, Netmarble, AliCloud, etc.). Additionally, CARV has proposed a new paradigm of aggregation ID NFT based on ERC-7231, which has been approved by the Ethereum Foundation. Currently, over 900K ID NFTs (ERC-7231) have been minted on opbnb.

CARV Play

CARV Play is the first cross-platform authentication system based on the CARV Protocol and is currently the largest web3 game distribution and social platform. Players can explore a rich variety of games and exclusive activities with the community through CARV Play. Developers can also understand player needs and efficiently showcase and distribute games through the tools provided by CARV Play, thereby building a game community.

To date, CARV Play has provided data sharing, certificate mobile phones, and substantial game rewards for 2.5 million registered players on Web2 and Web3 networks. In the past quarter, CARV Play's daily average UAW exceeded 500,000, making it one of the three most active ecosystems on game chains such as Linea, opBNB, zkSync, and Ronin. In addition, CARV Play's MRR has exceeded $1 million and has integrated and supported over 780 Web2 & 3 games and ecosystems, such as Illuvium, Off the Grid, Aperion, Pixelmon, etc., for targeted understanding of player preferences and user retention optimization.

CARV AI Agent

Cara is a generative AI assistant built on the CARV Protocol, capable of providing personalized AI interaction experiences based on user data to meet their specific needs. In terms of infrastructure, CARV has reached strategic cooperation with Google Cloud and Aethir to provide strong computing power and infrastructure for Web3 AI projects in the future. Through Cara, this AI application, CARV Protocol connects upper-layer applications with underlying infrastructure, aiming to become the core middleware for AI projects in the Web3 world.

Funding Situation

• In November 2022, CARV completed a $4 million financing round, led by Vertex Ventures, a venture capital firm under Temasek Holdings

• In December 2023, CARV transitioned to data sharing and gaming applications and received strategic financing from HashKey Capital and a global technology company with a market value of hundreds of billions of dollars, with the specific amount undisclosed

• In April 2024, CARV completed a $10 million Series A financing round, led by Tribe Capital and IOSG. Consensys, OKX Ventures, Fenbushi Capital, No Limit Holdings, Draper Dragon, Arweave, LiquidX, MARBLEX, and others participated. This round of financing will be used to build a cross-chain modular data layer and drive innovation in the data economy.

CARV Tokenomics

Purpose and Use

CARV is the native token of the CARV ecosystem, used as a medium of exchange within the platform, granting data ownership to players, and allowing holders to participate in ecosystem development and management.

• Individual users use CARV for multi-chain gas fee payments and game asset purchases within the ecosystem

• It serves as an incentive within the ecosystem to encourage data owners, providers, and consumers to participate in ecosystem activities

• CARV can be staked at a 1:1 ratio to convert to veCARV, and veCARV can be used to participate in community decision-making and ecosystem activities

Distribution and Ownership

The total supply of CARV is 1 billion tokens, to be unlocked over the four years following TGE. The initial allocation is as follows:

Additional Earnings for Operating Nodes

In order to allow global users to earn more through the CARV network, CARV has decided to open lightweight node operations to users on May 13th, allowing participants to obtain verification node operation rights through node sales, participate in the operation of the distributed data network, and earn CARV native tokens. The whitelist node sale will start at 12:00 (UTC) on the 24th of this month and will last for four days, with the public node sale officially starting at 12:00 (UTC) on May 28th. It is reported that 25% of the token supply will be gradually allocated to validators, with 50% released in the first year. In addition, for the CARV network, distributed node operations will independently verify the proofs generated by the trusted execution environment (TEE) to ensure the credibility of data processing and further enhance the decentralization of the network. Operators need to run the program daily to earn rewards, or they can choose to delegate node operation to an operator for one-click hosting.

In addition, following community proposals and discussions, CARV has decided to provide a 100% repurchase plan for the first batch of node sale buyers for a period of 6 months, meaning eligible active validators can choose to apply for an 80% ETH or 100% CARV token repurchase within one week at the end of the sixth month. To ensure a smooth ETH repurchase process, CARV will manage the collateral through the deployment of smart contracts.

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