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The group that created the ground-breaking modular data layer CARV Protocol, known as CARV, has raised $10 million in Series A investment. The modular data layer, which already supports over 40 chain ecosystems and 700 games, will continue to grow with the help of this funding.
The investment round was led by Tribe Capital and IOSG Ventures, with notable investors Consensys and Fenbushi Capital joining them. Prior backers, including Vertex Ventures of Temasek Holding, also took part, demonstrating their ongoing faith in CARV’s mission.
The money will support CARV’s data layer technology development and the expansion of its well-liked gaming mega app, CARV Play. Furthermore, it will help to strengthen network security by enabling the start of CARV’s verifier node sale.
Boris Revsin, managing director at Tribe Capital, commended CARV’s innovative approach to blockchain integration, particularly its emphasis on user privacy and empowerment. Revsin expressed excitement about supporting CARV’s journey as it continues to make strides in gaming and AI.
Victor Yu, co-founder of CARV, highlighted the company’s broader vision beyond gaming. In an interview with GamesBeat, Yu discussed CARV’s ambition to establish a fair data economy, enabling individuals and enterprises to own and monetize their data.
Yu emphasized CARV’s dedication to revolutionizing data usage in the digital era. With the infusion of new capital, CARV Protocol plans to scale its operations, enhance its technology, and elevate user experience.