Millions

CARV

Infinite

<a href="https://carv.io/" target="_blank" rel="noopener noreferrer nofollow">CARV</a>, the biggest modular identity and data layer for gaming and AI, has announced the launch of its native utility token,&nbsp;$CARV. Built on&nbsp;Base, the token is now accessible on eight centralized exchanges, such as Bybit, Kucoin, and Bitget. This represents a noteworthy advancement in CARV’s objective of transforming data ownership.
$CARV gives holders the ability to take part in shaping the future of the protocol, participate in its success, and truly&nbsp;own, manage, and monetize their data. It is the cornerstone of governance and participation for the whole CARV ecosystem, which includes <a href="http://protocol.carv.io" target="_blank" rel="noopener noreferrer nofollow">CARV Protocol</a>, <a href="https://play.carv.io/" target="_blank" rel="noopener noreferrer nofollow">CARV Play</a>, and <a href="https://cointelegraph.com/news/consensys-hashkey-50m-accelerator-launches-carv" target="_blank" rel="noopener noreferrer nofollow">CARV Labs</a>.
In addition to participating in decision-making and suggesting new features, holders have the ability to purchase CARV nodes with 40 million tokens, which will help to further decentralize the network and create new income sources. In order to promote true&nbsp;decentralization, CARV also offers a <a href="https://coinmarketcap.com/community/articles/663deb6bd871513dafa0addb/" target="_blank" rel="noopener noreferrer nofollow">buyback program</a>&nbsp;for the node holders. $CARV makes an outstanding case for traders because to its established revenue&nbsp;model and high-yield staking prospects.
Victor Yu, COO of CARV stated:
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 “Our TGE is a pivotal moment for CARV as we continue to empower gamers and AI developers to truly control their data. With the $CARV token, we are taking another step towards building a fair and transparent data-driven ecosystem.”
</blockquote>
Millions of players may benefit from the token thanks to <a href="https://medium.com/@Carv/infinite-play-your-game-your-vote-your-rewards-0350c97ca103" target="_blank" rel="noopener noreferrer nofollow">Infinite Play</a>, CARV’s play-to-earn economy, which now includes $CARV following three fruitful experimental seasons that showed strong APR staking. Further demand will be created when web2 enterprises employ $CARV to obtain important, user-controlled data as CARV progresses in AI.
Yu said:
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 “This is just the beginning—our roadmap includes upcoming airdrops, growing gaming partnerships, and innovative experiences driven by community governance. Of course, none of this is possible without our community, and this is reflected in our tokenomics.”
</blockquote>
$CARV will debut with a total supply of 1 billion, which will be fully released&nbsp;over four years. 10% of the entire supply is distributed across three seasons of airdrops, with half of it set aside for the community. The following is the token allocation (complete information on token utilities can be found <a href="https://docs.carv.io/carv-token/utility" target="_blank" rel="noopener noreferrer nofollow">here</a>):
<ul class="wp-block-list">
 <li>Nodes and Community (50.00%)</li>
 <li>Founding Team and Advisors (~19.46%)</li>
 <li>Early Investors (~9.25%)</li>
 <li>Ecosystem and Treasury (9.00%)</li>
 <li>Private Fundraising (8.30%)</li>
 <li>Liquidity (4.00%)</li>
</ul>
In order to give users a voice, CARV also launches veCARV on Arbitrum, a locked version of $CARV known as “voting escrowed,” which increases voting power and promotes community-driven development and long-term staking.
The following eight exchanges now offer $CARV: Bybit, KuCoin, Bitget, HTX, Gate, BingX, HashKey Global, and MEXC. More exchanges are to come.
This year is turning out to be crucial for the project. Apart from obtaining <a href="https://venturebeat.com/games/carv-raises-10m-to-build-out-modular-data-layer-for-gaming-and-ai/" target="_blank" rel="noopener noreferrer nofollow">$10 million in Series A funding</a>, accelerating protocol decentralization via the <a href="https://www.coindesk.com/press-release/2024/07/01/carv-launches-alphanet-35m-node-sale-propels-decentralization-milestone/" target="_blank" rel="noopener noreferrer nofollow">sale of $35 million verifier nodes</a>, and <a href="https://cointelegraph.com/news/consensys-hashkey-50m-accelerator-launches-carv" target="_blank" rel="noopener noreferrer nofollow">launching a $50 million accelerator</a>, CARV has shown to be very successful in generating revenue, which is uncommon in the web3 domain. During the first three quarters of 2024, CARV had a <a href="https://medium.com/@Carv/carv-q1-q3-2024-revenue-report-a-year-of-growth-and-expansion-38315efc7185" target="_blank" rel="noopener noreferrer nofollow">total revenue over $43 million</a>. With the introduction of the token today, data empowerment enters a new phase supported by a history of both financial success and technical innovation.
Also, CARV is not yet done&nbsp;for 2024. The team&nbsp;is still working hard to complete other important projects by the end of the year, including the <a href="https://medium.com/@Carv/carv-alphanet-closure-mainnet-launch-what-you-need-to-know-ad4b6a0d057b" target="_blank" rel="noopener noreferrer nofollow">upcoming mainnet release</a>. Enhancing the <a href="https://cryptonews.com/news/new-standard-enters-nft-arena-erc-7231/" target="_blank" rel="noopener noreferrer nofollow">ERC-7231</a> standard by adding Merkle trees to increase data processing and privacy, expanding its identity&nbsp;and data layer with decentralized sequencers and data verification, and providing an on-chain database solution for fast identity integration with <a href="https://medium.com/@Carv/what-is-carv-id-play-name-service-and-how-to-mint-yours-4c458d2e9a93" target="_blank" rel="noopener noreferrer nofollow">CARV ID</a> are a few of these.
See <a href="https://messari.io/report/understanding-carv-a-comprehensive-overview" target="_blank" rel="noopener noreferrer nofollow">Messari’s most recent report on CARV</a> for further information, or follow <a href="https://medium.com/@Carv" target="_blank" rel="noopener noreferrer nofollow">the blog</a> or <a href="https://x.com/carv_official" target="_blank" rel="noopener noreferrer nofollow">Twitter (X)</a> for updates.

CARV Launches $CARV Token, Expanding Decentralized Data Ownership in Gaming and AI

TheNewsCrypto

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