Los Angeles-based startup Carv, a modular blockchain-based layer for gaming and artificial intelligence, recently secured $10 million in new funding to advance its network solution focused on empowering users to take control of their data and identity.

By harnessing blockchain technology, Carv utilizes the Carv Protocol as a fundamental data layer that enables cross-chain authentication, storage, processing, and data monetization. This protocol includes a cross-platform credentialing system specifically designed for blockchain gaming, facilitating seamless identity transferability across multiple platforms. Moreover, Carv has unveiled an AI gaming assistant that seamlessly integrates with cryptocurrency wallets.

The recent successful Series A funding round, led by Tribe Capital and IOSG Ventures, attracted significant participation from key Web3 investors such as Consensys Software Inc., the developer of the MetaMask cryptocurrency wallet, OKX Ventures, Fenbushi Capital, No Limit Holdings, Draper Dragon, Arweave, LiquidX, and Netmarble Games Corp.’s Web3 division, Marblex.

Victor Yu, the co-founder and Chief Operating Officer of Carv, highlighted the importance of empowering users to own, contribute to, and monetize their data in light of the AI surge. By enabling users to regain control over their data, Carv aims to tackle the challenges faced by brands in targeting users and ethically sourcing data amidst evolving regulations.

Through the Carv Protocol, the company specializes in providing top-tier data for gaming and AI development, enriched by human feedback in a compliant and trustless manner. This methodology ensures that users maintain authority over their data, earning incentives for AI training data while safeguarding the confidentiality of personal information.

Carv Play empowers users to establish a personalized identity for logging into decentralized games, granting them unified control over data sharing and withdrawal. The platform has garnered significant traction, with over 500,000 daily active wallet accounts in the past quarter, solidifying its position as one of the most active ecosystems across blockchains like Linea, opBNB, zkSync, and Ronin.

Furthermore, Carv has introduced an AI assistant named Cara, aimed at delivering personalized recommendations for games, activities, projects, and potential airdrop rewards through collaborations with Web3 wallets, blockchain-based games, and social networks.

Victor Yu envisions Carv’s ecosystem as a transformative infrastructure that prioritizes individual empowerment in digital interactions, offering the opportunity for a lifetime membership for passive income.

Image: Shutterstock/Nepool

Your support is invaluable to us as we strive to maintain free, in-depth, and relevant content.

A single click below contributes to our mission of delivering valuable content.

Connect with our YouTube community

Join a community that boasts over 15,000 #CubeAlumni experts, featuring luminaries and experts such as Amazon.com CEO Andy Jassy, Dell Technologies founder and CEO Michael Dell, Intel CEO Pat Gelsinger, and many more.

“TheCUBE is a vital industry partner. You are an integral part of our events, and we truly value your participation and the content you produce.” – Andy Jassy

THANK YOU