Carv

About Carv

CARV is a modular data layer designed for the gaming and artificial intelligence sectors, focused on empowering users with ownership and control over their data. The company was founded by Victor Yu and is headquartered in Los Angeles, California. The team includes industry veterans from companies like Coinbase, Google, and Electronic Arts.

The core of the business is the CARV Protocol, a modular, cross-chain data layer that facilitates authentication, storage, processing, and monetization of user data. This protocol allows gamers to create a unified digital identity, the CARV ID, which aggregates their achievements and social connections across different games and platforms, both Web2 and Web3. This system is designed to be privacy-preserving, utilizing technologies like zero-knowledge proofs (ZKPs) and Trusted Execution Environments (TEEs) to ensure data confidentiality and user control. Users can choose to monetize their data by sharing it with games and AI developers in a consent-based mechanism.

The company's ecosystem includes several key products. CARV Play is a gaming super-app that acts as a distribution and social platform, serving over 2.5 million gamers. CARA is a personalized AI gaming assistant that integrates with crypto wallets. The business model generates revenue through several streams. The native utility token, $CARV, is used for transactions, governance participation, and staking within the ecosystem. Game developers and AI companies can access high-quality, ethically sourced user data for purposes like user acquisition, analytics, and AI model training.

CARV has secured significant funding to support its growth. In November 2022, it raised $4 million in a seed round led by Vertex Ventures. This was followed by a $10 million Series A round in April 2024, led by Tribe Capital and IOSG Ventures, with participation from major players like Consensys, OKX Ventures, and Netmarble's Web3 arm, Marblex. The company has also launched CARV Labs, a $50 million accelerator fund backed by HashKey Capital and ConsenSys, to foster innovation within its decentralized data ecosystem.