Image credits: carve
carveWeb3, a data layer platform that enables gaming, AI companies, and gamers to control and monetize their data, has raised $10 million in a Series A round led by Tribe Capital and IOSG Ventures.
Carv's new round will take place in about 5 months Received strategic investment led by HashKey Capital. The company has not disclosed its valuation or the total amount of funding raised so far. 2022, Curve It was worth about $40 million when it raised a seed round led by Vertex Ventures, Temasek's VC arm.
Carv will initially focus on two key industries: gaming and AI, where it believes the biggest opportunity lies in helping users take control and monetize their data. Users can choose to provide their data to Carv's corporate customers in a privacy-preserving and compliant manner, so businesses can use it for things like training their AI models and market research.
“User data has led to tremendous economic growth, but individuals do not share the value their information creates. is leveraged to build a billion-dollar business,” Victor Yu, Carv's co-founder and chief operating officer, told TechCrunch.
Carv offers three solutions. CARV protocola modular data layer with cross-chain connections connecting Web2 identities to Web3 tokens.; CARV play, a cross-platform authentication system and game distribution platform. CARV's AI agent, CARA, is a personalized gaming assistant that integrates with your Web3 wallet and can recommend games, activities, and projects.
“Carv differentiates itself by putting data ownership and monetization rights in the hands of users. The revenue generated from leveraging users’ data is shared between the data creators and themselves. ,” Yu said. “Additionally, we created a unified user identity standard (ERC-7231) This bridges Web2 and Web3 and enables seamless data portability for today's siled solutions. ”
Carv has been profitable since December 2023 and generates more than $1 million in monthly recurring revenue, Yu said, adding that the company is also seeing significant month-over-month growth.
company now has 2.5 million registered users and over 350 integrated gaming and AI corporate partners.
Carv plans to use the new funding to enhance the design of the CARV protocol to ensure scalability and support a wider range of use cases. We also launch CARV Link to improve on-chain identity and data authentication, and the CARV database that manages various types of user data.
Arweave, Consensys (developer of MetaMask and Linea), Draper Dragon, Fenbushi Capital, LiquidX, MARBLEX,(South Korean gaming company Netmarble's web3 division, No Limit Holdings, and OKX Ventures also participated in the Series A round.