Introducing CARV Labs: The Ultimate $50 Million Accelerator by HashKey Capital and Consensys.

Introducing CARV Labs: The Ultimate $50 Million Accelerator by HashKey Capital and Consensys.

Reinout te Brake | 12 Sep 2024 15:13 UTC

Blockchain Innovator CARV Launches $50M Accelerator Backed by Major crypto Funds

CARV, a leading modular data layer for gaming and AI, recently unveiled a groundbreaking $50 million accelerator designed to foster projects that drive the widespread adoption of its data protocol.

Supported by key blockchain venture capital firms such as HashKey Capital and Consensys, CARV aims to revolutionize the data ecosystem by empowering users to control and monetize their data.

The accelerator, powered by CARV Protocol, will not only offer financial backing but also provide essential resources and guidance to startups to aid in their growth and development.

Empowering Startups with Vital Support

The newly launched accelerator is focused on enabling a dynamic and decentralized data infrastructure, facilitating user empowerment and data monetization. To achieve this, CARV Labs will provide a range of support services to startups, including funding, expert advisory, infrastructure assistance, and access to a robust industry network and community.

Particularly noteworthy is CARV's commitment to supporting innovators dedicated to shaping the future of decentralized data, as emphasized by CARV co-founder Victor Yu. The accelerator aims to cultivate a thriving ecosystem for innovation, motivated by the broader goal of driving progress and fostering user engagement in decentralized applications.

One of CARV Labs' first projects, BANANA, an idle game within the ton ecosystem, marked a significant milestone by attracting over 8 million users within just 4 weeks of its launch. This impressive achievement underscores CARV Labs' effectiveness in catalyzing innovation and driving user engagement in decentralized applications.

Building a Strong Network of Industry Partners and Supporters

In addition to offering direct funding and investment opportunities, CARV Labs has secured collaboration with several industry partners to provide marketing, growth support, and infrastructure guidance tailored to the needs of participating startups. Notable partners include:

  • MARBLEX
  • Intella X
  • Alphastarter
  • Doublejump.tokyo
  • Xterio
  • Solana, NEAR, and Ronin networks
  • Business angels

Collaborations with entities such as Arweave, Litentry, LEIA, and Alibaba Cloud further strengthen CARV's position in promoting innovation and growth within the accelerator program.

Looking ahead, CARV Labs is poised to advance its mission by launching a web3 gaming offering in collaboration with zkEVM L2 Linea, with plans to connect with the accelerator in the near future.

Continued Success and Future Growth

Since its inception, CARV has seen remarkable success, generating over $5 million in revenue year-to-date. A recent Series A funding round raised $10 million, led by Tribe Capital and IOSG Ventures, bringing the total funds raised to $50 million.

The launch of CARV's Alphanet in July marked a pivotal moment in its evolution, positioning the company as a decentralized and scalable protocol layer for the future.

With a robust pipeline of games and projects in development, CARV remains committed to building the largest modular Identity and Data Layer for gaming, AI, and beyond. Boasting impressive user numbers and active wallets across multiple chains, CARV is well-positioned to drive innovation and shape the future of decentralized data.

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