The Good Tech Companies - CARV Launches $CARV Token: Empowering Data Ownership And Value Generation In Gaming And AI

Episode Date: October 10, 2024

This story was originally published on HackerNoon at: https://hackernoon.com/carv-launches-$carv-token-empowering-data-ownership-and-value-generation-in-gaming-and-ai. Built on Base and available now on 8 centralized exchanges including Bybit, Kucoin, and Bitget, the token marks a significant milestone in CARV’s mission to rev Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #web3, #carv, #chainwire, #press-release, #carv-announcement, #crypto-gaming, #ai, #good-company, and more. This story was written by: @chainwire. Learn more about this writer by checking @chainwire's about page, and for more stories, please visit hackernoon.com. CarV, the largest modular identity and data layer for gaming and AI, today announces the launch of its native utility token, $CARV. Built on Base and available now on 8 centralized exchanges including Bybit, Kucoin, and Bitget, the token marks a significant milestone in CARV’s mission to revolutionize data ownership.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. CARV launches Dollar Carve token. Empowering data ownership and value generation in gaming and AI by Chainwire. Santa Clara, California, October 10, 2024. Chainwire, Carve, the largest modular identity and data layer for gaming and AI, today announces the launch of its native utility token, $CARV. Built on base and available now on eight centralized exchanges including Bybit, KuCoin, and BitGit, the token marks a significant milestone in CARV's mission to revolutionize data ownership. As the governance and participation cornerstone of CARV's ecosystem, spanning CARV protocol, CARV Play, and CARV Labs, $CARV empowers holders to actively shape the protocol's future, share in its success,

and truly own, control, and monetize their data. Holders can not only engage in decision-making and propose new features but also acquire CARV nodes with 40M tokens allocated to further decentralize the network and generate new revenue streams. Furthermore, CARV nodes with 40M tokens allocated to further decentralize the network and generate new revenue streams. Furthermore, CARV also provides a buyback program for the node holders to foster true decentralization. On the strength of CARV's proven revenue model and high-yield staking opportunities, $CARV presents a compelling case for traders. Greater than, RTGE is a pivotal moment for CARV as we continue to empower gamers and AI greater than developers to truly control their data, said Victor Yu, COO of CARV. Greater than, with the $CARV token, we are taking another step towards building a

fair and greater than transparent data-driven ecosystem. The token's utility extends to millions of gamers through infinite play, carves play to earn economy, which now incorporates $Carve after three successful experimental seasons and demonstrated high APR staking. Additionally, as CARV advances in AI, Web2 companies will use $Carve to access valuable, user-controlled data, creating further demand. Greater than, this is just the beginning. Our roadmap includes upcoming airdrops, growing greater-than gaming partnerships, and innovative experiences driven by community greater-than governance.

Of course, none of this is possible without our community, and greater-than this is reflected in our tokenomics, you said. Greater-than greater-than, $CARV will launch with a total supply of 1 billion fully released over 4 years. Half of the total supply is reserved for the community, including 10% allocated across 3 seasons of airdrops. The token allocation is as follows, with full details about token utilities available here, nodes and community, 50.00%. Founding team and advisors, approximately 19.46%. Early investors, approximately 9.25%. Ecosystem and treasury, 9.00%. Private fundraising, 8.30%. Liquidity, 4.00%. For users to have their say, CARV also introduces Vcurve on Arbitrum, a locked, voting-escrowed, version of Dollar Carve that enhances voting power, encouraging long-term

staking and community-driven development. Dollar Carve is available today on the following eight exchanges, Bybit, KuCoin, BitGit, HTX, Gate, Binx, Hashkey Global, and MEXC. More exchanges are to come, this is proving a pivotal year for the project, in addition to securing $10 million in series of funding, propelling protocol decentralization with a $35 million verifier node sale, and launching a $50 million accelerator, CARV has demonstrated remarkable revenue generation, a rarity in the Web3 space. In the first three quarters of 2024, CARV reported over $43 million in total revenue. Today's token launch marks a new chapter in data empowerment backed by a track record of financial success and technological innovation. And CARV isn't Donny It for 2024, the team remains busy focusing on

its upcoming mainnet release and OTHER key initiatives before the end of the year. These include extending its identity and data layer with decentralized sequencers and data verification, enhancing the ERC7231 standard by incorporating Merkle trees to improve data processing and privacy, and offering an on-chain database solution for instant identity integration with CARVID. For more, see Masari's latest report into CARV or stay up to date at the blogger Twitter, X. About CARV CARV is building the largest modular identity and data layer, IDL, for gaming, AI, and beyond, integrating over 900 games in AI companies, representing more than 30% of all Web3 games, and serving 9.5M plus registered players

with 1.3M plus daily active users and 2.8M unique on-chain CARV ID holders. Ranking among the top three globally with 2. 1M plus average daily unique active wallets across 40 plus chains, CARV has raised $50 million in total funding from top-tier investors like Tribe Capital, Temasek Vertex, Hashkey Capital, Animoca Brands, and ConsenSys, along with major gaming studios and ecosystems such as MARBLEX, Netmarble, and The Sandbox. The team comprises industry veterans from Coinbase, Binance, Google, and Electronic Arts, all dedicated to revolutionizing data usage in gaming, AI, and beyond. Contact CU Victor Y. Vito at Carve.io. Tip This story was distributed as a release by Chainwire under HackerNoon's business blogging

program. Learn more about the program here. Thank you for listening to this HackerNoon story, read by Artificial Intelligence. Visit HackerNoon.com to read, write, learn and publish.