CARV launches $50M accelerator to support decentralized data projects, attracting industry funds and investors.

From Investing.com
September 12, 2024 4:30 AM:

CARV is launching a $50 million accelerator to support projects driving the mass adoption of its data protocol. The accelerator, backed by industry funds like HashKey Capital and Consensys, aims to empower innovators creating decentralized data infrastructure. CARV Labs will offer funding, marketing support, and expert advisory services to startups in the space.

Vertical-specific programs in the accelerator will include industry investors like MARBLEX, Intella X, NEOWIZ, and various angel investors. Partners like Arweave, Litentry, and Alibaba Cloud will also promote the accelerator. The first project under CARV Labs, called BANANA, has attracted over 8 million users within just four weeks, showcasing CARV Labs’ effectiveness in fostering innovation.

CARV has generated over $5 million in revenue YTD and launched its Alphanet, run by 40K verifier nodes worth $35M. The protocol aims to be truly decentralized and scalable following a successful Series A funding round in April. Gaming, AI, and data infrastructure projects are encouraged to reach out via CARV’s official Discord channel for more information about the accelerator.

HashKey Capital is a key player in advancing the blockchain industry, managing over $1 billion in client assets since its inception. Consensys, a leading blockchain and web3 software company, has been at the forefront of innovation in the web3 ecosystem since 2014. Through products like MetaMask and Infura, Consensys aims to make web3 universally easy to use and develop on.

Read more at Investing.com: CARV Unveils CARV Labs, a $50M Accelerator to Fund Decentralized Data Ecosystem By Chainwire