CARV brings on Animoca Brands as strategic investor and node operator By Chainwire

From Investing.com: 2024-05-31 06:00:39

CARV, a modular data layer for gaming and AI, receives a strategic investment from Animoca Brands. The partnership aims to deepen integration and synergies within the gaming and open metaverse ecosystems. CARV plans to introduce community-operated verifier nodes to support decentralization and network growth. Node holders can delegate operations to Animoca Brands for rewards in $veCARV tokens.

With over 2.7 million users and partnerships across major chains, CARV has evolved into a modular data layer protocol with strong industry traction. The company recently initiated ERC-7231, partnering with Google Cloud and Netmarble’s MARBLEX. CARV’s community-operated verifier nodes play a crucial role in maintaining decentralization, security, and equitable value redistribution as the network expands.

Animoca Brands plans to participate in CARV’s Infinite Play governance voting system through staking CARV tokens. The strategic partnership aims to advance data self-sovereignty and interoperability across Web2 and Web3 realms. The collaboration will unlock new frontiers in user-owned data economies, offering a more equitable framework via new asset classes and digital property rights.

Yat Siu, co-founder of Animoca Brands, expressed excitement about the alignment between CARV’s mission and their work. The strategic partnership aims to pioneer a more equitable framework by advancing data self-sovereignty and digital property rights in both Web2 and Web3. The partnership will amplify efforts to create new asset classes, economies, and digital property rights in the space.

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