What is Carv? Carv is a self-decentralized DAO with a mission to empower Web3 users centered on the GameFi platform. The project creates a purpose-based, user-centered value exchange platform for data autonomy, promoting security and privacy. So what is Carv and what is the outstanding mechanism? Let’s find out with Weakhand in this article.
To better understand what Carv is, people can refer to some of the articles below:
- What is GameFi? GameFi’s Operating Mechanism
- What is NFT? All About NFTs
- What is a KNIFE? The Future of a Decentralized World
Carv Overview
What is Carv?
Carv is a self-decentralized DAO with a mission to empower Web3 users, especially those around the GameFi and NFT ecosystems. The project’s mission is to give users full autonomy over personal data, thereby sharing value and receiving many benefits while still ensuring privacy that is difficult to be violated.
The project has built two ecosystems to strengthen the above visions:
- CARV Protocol: This is a protocol oracle Centralized server identity (SSI) is used to aggregate and share platform data.
- CARV Play: This is an AI-powered super app, cEnables gamers to have a seamless credential-based gaming experience. Next, support the Game’s ability to develop more intelligently based on the collected data.
What is Carv?
The relationship between these two ecosystems is extremely close. Carv Play is the gateway to the Carv ecosystem, serving as both a portal for the Carv Protocol and the first use case, connecting players and major brands.
Outstanding products in CARV’s ecosystem
1. CARV ID
Like popular domain names today such as ID or ENS. The project offers an ERC-7231 NFT standardization solution that aggregates identities integrated into CARV ID. This is a comprehensive chain of Web2 and Web3 IDs assigned to users, allowing for easy verification and consistency across the entire platform ecosystem with the ability to:
- Display authentication information: A user’s ownership, behavior, roles, relationships, and past experiences can all be authorized, verified, and constitute a digital identity.
- Integration capabilities: cApps that integrate CARV ID will gain access to user data. From there, exploit the utility of products available to that individual (verify consistency) to improve interaction capabilities.
- Verify signature from NFT owner.
2. CARV Account
They are linked to the CARV ID, these accounts allow users to hold and manage assets and resources. They were created to provide users with seamless and secure cross-chain experiences. It not only helps users simplify tasks but also helps save significant Gas fees between different blockchain networks.
Some outstanding points about CARV Account include:
- Integration Onboard: Wallet creation and Social login are automatically performed, making users’ access to the Web3 ecosystem simple and convenient.
- Cross chain experience without fuss and no need to waste Gas.
- Solid security and control given to users through their Wallet and Private keys. In addition, the project also integrates 2FA two-layer authentication for the product.
- Cross-platform interoperability such as being able to access Web3 globally without nationality restrictions along with the ability to verify identities both off-chain and on-chain. From there, creating favorable conditions for developers to expand dApp.
It can be said that CARV Account acts as a lighthouse guiding users to every space on the CARV platform.
3. CARV Play
This is an application introduced by the project that will be a place for users or gamers to freely explore and enjoy new and colorful games. To put it simply, this is an AI-powered gaming application built on top of CARV Protocol with full infrastructure provided.
Currently, on CARV there are more than 600 different top-notch and useful NFT Games. User reviews and feedback are relatively favorable, because this application is available on both mobile platforms, App Store and CH Play.
All user’s Game achievements will be converted into SBT which can then be exchanged for tokens Soul. It is currently unclear what the detailed conversion level is because the project has not announced specific Tokenomic information. For now, there is only information CARV Play will host exclusive partnership events with rewards including GEM, USDT, NFTs, and physical items, allowing players to earn economic rewards based on individual seasons and campaigns.
GEMs act as a type of incentive in the Game because when they own them, players can convert them to many different rewards such as in-game items, cash, or ARC tokens (the main token of the platform). Especially when players can exchange valuable physical rewards outside the Store like Nintendo Switch. The specific conditions to receive the Game are also quite difficult as players must ensure the minimum rank is in the top 300 according to the season in CARV Pass.
CARV Pass is a mission unlock condition that allows players to earn economic rewards. It’s simple: when users play a lot and reach a certain level, they will unlock rewards with each milestone achieved.
However, there The four distinct mission types in the CARV Pass each season include:
- Time Limited: Only appears for a certain period of time.
- Weekly: Weekly recurring tasks such as daily attendance, and community interaction.
- Monthly: Monthly recurring tasks but with additional tasks Write a Game review on CARV Play
- Season: Try to reach the Top 300 by the end of the season to receive the above incentives.
More specifically, players can upgrade CARV Pass to receive more GEM for each campaign. It can be from 1.0 up to 3.0. Besides, they can also equip NFTs Dragon Treasure is available at Open Sea to upgrade strength. Thereby providing the ability to collect more GEM.
4. CARV Badge
The badges will be available as NFTs Soulbound they are a product that represents cross-platform association with functionality like Connect the user’s Steam account to verify in-Game data and earn exclusive NFTs. TAll badges are SBT, tokens unique and non-transferable. They may be permanently recorded and displayed as a testament to the user’s ownership and gaming achievements.
Highlights in CARV’s ecosystem
The project’s products contribute to helping individuals, aggregate, control, own and earn money safely. Thereby further strengthening the creation of an open ecosystem that can exchange data in a visual, diverse and interoperable way.
Also with CARV Play, exchanges, or advertising and brand partners, can access data information, participate in the ecosystem and promote their products. Along with that, this is also a fertile platform to help provide healthy and comprehensive content personalization solutions in both Web2 and Web3 environments.
Development Roadmap
Update…
Investor
- On November 22, 2022, the project raised 4,000,000 USD at a valuation of 40,000,000 USD from funds such as PAKA, YGG SEA, Infinity Venture Crypto, Vertex Ventures, UpHonest.
- On December 5, 2023, the project was invested by Hashkey Capital with an undisclosed amount, raising the valuation to 60,000,000 USD.
Core Team
Update…
Tokenomics
Update…
Exchanges
Update…
CARV Information Channel
- Website: https://carv.io/
- Twitter: https://twitter.com/carv_official
- Discord:
Summary
Carv is a DAO decentralized autonomous GameFi platform, with many Game products already available in the traditional Game market. With the project having never officially launched a Token, there will be many opportunities for our users to make profits or Airdrop in the context of GameFi becoming hot again. Hopefully through this article, everyone can understand what Carv is.
