CARV (CARV): A Modular Data Layer Designed for Gaming & AI
Data protection is one of the biggest advantages of web3 gaming. Instead of having to turn over their private data to a big company, players can retain ownership and monetize their data themselves. CARV hopes to make the data protection process even easier with its modular data layer. Can this project really provide a foolproof way for gamers and AI users to manage their data usage? Explore our guide to find out how CARV works, and learn to what extent it will affect the web3 gaming universe.
Key Takeaways:
CARV is a modular data layer designed to help individual users retain control over their data in the AI and gaming realms.
Looking to trade CARV tokens? Bybit now offers the CARV/USDT Spot trading pair and CARVUSDT Perpetual contract for trading. To celebrate this listing, Bybit is holding two exclusive events where you can earn a share of the 975,000 CARV prize pool.
What Is CARV?
CARV is a modular data layer designed to help individual users retain control over their data. It allows gaming and AI systems to offer their clients unparalleled data protection and privacy. The platformās ecosystem includes both the proprietary CARV Protocol and several platforms that use it.
History of CARV
CARV was founded in 2022 by Chloe Gu and Victor Yu, who were inspired by Ethereum founder Vitalik Buterin's interest in soulbound tokens. They initially planned on using soulbound tokens to integrate identity solutions into a decentralized platform. Over time, their project evolved to focus on the specific field of data protection. CARV's platform was up and running by December 2023, and its mainnet was launched in the summer of 2024.
What Does CARV Aim to Achieve?
CARV aims to create a decentralized identity solution that protects and preserves users' data. The platformās creators noticed that the modern data economy tends to profit from users without providing them any benefits. People who want to participate in traditional social media and online gaming often have to sacrifice data ownership to big corporations, who can use this data for all sorts of unethical purposes.
CARV hopes that its modular data layer can provide a way to put data ownership back in the hands of its users. With CARV, the data that people generate from gaming moments and AI usage remains their sole property. Users can then choose to sell their data if they want to profit from it, or keep it private if they want to maintain control over their data ownership. Ultimately, CARV respects user autonomy and provides a convenient way to maintain the self-sovereignty of their data.
How Does CARV Work?
CARV was able to create the largest modular data layer integrated with gaming and AI by focusing on the ERC-7231 token. This Ethereum-based NFT is essentially a form of digital identity that aggregates all of a user's Web 2.0 and web3 identities into a single soulbound token. This token collects data from all your gaming moments, and can transfer the data to other entities if you desire. To manage this complex process, CARV relies on five separate layers.
Identity Layer: Each user receives their own digital identity, which allows them to maintain full data self-sovereignty.
Data Storage Layer: After data is generated from a user, this layer stores it in a secure and organized location.
Computation Layer: This layer provides a secure place to handle complex AI model-training and data-processing tasks.
Execution Layer: This layer uses a consensus-driven framework of verifier nodes to manage data processing, value distribution and reward allocation.
Verification Layer: Verifier nodes use transparent node sales to verify transactions, such as cross-chain communication and data integrity.
Features of CARV
CARV's modular data layer integrated with gaming and AI systems has a lot of intriguing applications. Here are the main ways it helps users maintain their data self-sovereignty.
CARV Protocol
CARV Protocol is the largest modular data layer for gaming and AI. This ecosystem allows each individual player to store their data, and to sell it to data collection companies if they so desire. It powers the rest of the products available through CARV.
CARV Play
CARV Play is an AI-powered super app that allows CARV users to access all sorts of fun experiences. It features over 600 web3 games for users to play, and offers a variety of rewarding and entertaining gaming moments.Ā
In addition to managing data, this system also lets users earn GEM tokens that they can exchange for prizes, such as game consoles, NFTs and gift cards.
CARV AI
In addition to its data layer for gaming, CARV is also at the forefront of AI. Its chatbot (named CARA) makes it easy for users to collect information, including an encyclopedia of CARV information and personalized recommendations for games, airdrops and projects.
CARV Account
Also called CARV ID, this is an individualized user account that connects to a variety of web3 and Web 2.0 applications. It provides a decentralized way of proving your identity and a secure way of storing your data and digital assets. CARV accounts are integrated with a variety of applications, allowing you to seamlessly transfer between games and various software.
CARV Road Map
CARV has already created the CARV Protocol to securely manage data and launched the CARV Play system, which lets you manage data from all of your gaming moments. CARV is currently entering the second phase of its road map, and will expand to mobile apps, conduct a public node sale launch and add AI gaming companions.
In 2025, the CARV road map will focus on expanding its ecosystem beyond its current gaming capabilities. In addition to creating the largest modular data layer for gaming and AI, CARV also hopes to become an essential part of the data economy. It aims to launch a Layer 3 network for gaming services, and to integrate CARV ID with more projects. Phase 3 of its road map also includes the launch of CARV Labs, which will invest in and incubate promising projects.
CARV Tokenomics
In addition to being used for governance and gas payment, the CARV token is also used for staking and as an incentive for node sales. CARV has a total supply of 1 billion tokens that are being gradually released over the course of four years, and will be distributed according to the following method:
Node sale and community rewards: 50%
Founding team and advisors: 20%
Ecosystem and treasury: 9%
Early investors: 9%
Private fundraising: 8%
Liquidity: 4%
CARV Airdrop
To help promote the CARV ecosystem, CARV plans to airdrop its tokens to eligible users. Anyone who previously participated in its loyalty program, used Infinite Play or was a partner or key opinion leader on CARV is eligible for the airdrop. Those who are interested in checking airdrop eligibility can visit the CARV Airdrop website and link a wallet to their accounts.
The airdrop tokens will be automatically distributed to users who have a wallet linked to the CARV ecosystem. The initial season of the airdrop will distribute 4% of the total token supply to users. A further 6% will be distributed over two additional airdrops in the future.
Where to Buy CARV
Looking to trade CARV tokens? Bybit now offers the CARV/USDT Spot trading pair and CARVUSDT Perpetual contract for trading. To get started, youāll first need to create a Bybit account, then fund it with cryptocurrency and navigate to the CARV/USDT Spot trading page or CARVUSDT Perpetual contract page.Ā
To celebrate this listing, Bybit is holding two exclusive events where you can earn a share of the 975,000 CARV prize pool. Both events run from Oct 9, 2024, 10AM UTC through Oct 31, 2024, 8:59AM UTC.
The first event, known as Token Splash, requires you to complete deposit or trading tasks listed on the Token Splash page to earn a share of the 900,000 CARV prize pool.Ā
The second event, known as CARV x Referral Boost, requires you to invite friends to sign up on Bybit with your referral code and join the CARV Token Splash event. Youāll receive 7 CARV for every qualified referee (up to 10 referees). Please note that rewards will be distributed on a first-come, first-served basis.
Is CARV a Good Investment?
There are many indicators that the CARV token could experience growth in the near future. With slow yet steady price increases since the CARV projectās release, thereās been a steady uptick in user interest. This ecosystem has debuted at a time when thereās a huge amount of demand for a secure, private data layer for gaming and AI. Furthermore, CARV tokens have a lot of utility, which can help protect their value against sudden crypto market downturns.
However, even if CARV ends up a fantastic investment for some users, it's still important to approach it with caution. The project still hasn't fully released some of its features (such as details of the public node sale launch), and it also has some fierce competition. CARV tokens may potentially struggle to retain their value once the novelty of the token airdrop fades away. Therefore, users would be wise to research market conditions carefully and, as always, to avoid investing more than they can afford to lose.
Closing Thoughts
Whenever data is generated in a video or mobile game, CARV is available to protect and secure it. This exciting project respects user autonomy and provides a convenient way for storing and monetizing data. Though it still needs to onboard more projects and attract more users, CARV is already off to a strong start.
#LearnWithBybit