CARV Price

CARV Protocol (CARV) is a decentralized platform that focuses on giving you control over your personal data, especially in the gaming and AI sectors. It allows you to own, verify, and monetize your data across different platforms. CARV offers a modular identity and data layer (IDL) that ensures privacy and data ownership while facilitating value exchange between users and businesses.

With CARV Play, its main product, you can convert your gaming achievements into Soulbound Tokens (SBTs), store them on the blockchain, and earn rewards like NFTs, in-game items, and even cash. CARV also integrates AI-powered tools to help navigate the platform and personalize your experience.

The CARV token is the native currency of this ecosystem, used for governance, rewarding data contributors, and participating in gaming-related activities.

CARV Protocol is a decentralized platform that allows you to own, control, and monetize your personal data, particularly in gaming and AI sectors. It works by aggregating your data from multiple sources and turning it into a secure, verifiable identity. This data can be used to earn rewards, participate in games, and contribute to AI model training.

The protocol uses a modular approach, offering privacy-preserving tools that let you share data on your own terms while keeping control over how it's used. It also supports tokenized rewards and governance features, enabling you to vote on decisions within the ecosystem. You can convert your gaming achievements into NFTs or tokens, and monetize your data while ensuring privacy and ownership stay in your hands.

CARV integrates with over 900 games and AI platforms, making it a robust system for managing your digital identity and unlocking value from your data.

CARV Protocol was founded in 2021 by Chloe Gu and Victor Yu with the goal of giving users control over their data, particularly in gaming and AI sectors. CARV Play, its flagship product, integrates with over 900 games and has millions of users.

CARV's roadmap began with building its modular data layer and expanding its user base. It launched Alphanet in 2024, supported by 38,000 nodes, marking a significant step toward decentralization. CARV plans to continue developing its ecosystem, including expanding data monetization options and adding more decentralized applications. The CARV token, which serves as the primary medium of exchange, was fully launched in October 2024, with 1 billion tokens distributed over four years.

The project has strong backing from investors like Tribe Capital and HashKey Capital, as well as partnerships with companies like Animoca Brands and Google Cloud​.

The CARV Protocol (CARV) token serves several key purposes within its ecosystem. First, it acts as the native utility token, allowing you to exchange value across the platform. You can use CARV for gas fees on multiple blockchains, purchasing gaming assets, and accessing premium features within the CARV ecosystem. It also gives you the ability to participate in governance decisions, such as voting on protocol updates or game-related rewards.

Additionally, you can stake CARV to convert it into veCARV tokens, which are non-transferable but provide voting power for governance and rewards distribution. This staking mechanism incentivizes long-term participation, while node operators use veCARV to secure the network and validate data. Moreover, CARV tokens play a role in the protocol’s reward system, where users who contribute data or participate in the platform's ecosystem earn tokens as incentives. 

You can also trade CARV tokens on the KuCoin Spot Market against other listed cryptos, after you DYOR. Based on your investment goals and risk tolerance, you can buy, sell, or HODL $CARV in your portfolio.

The total supply of the CARV token is capped at 1 billion, and this supply will be fully distributed over four years. The distribution is as follows:

> 50% is allocated to nodes and the community, which includes rewards for those contributing to the network's success.

> 19.46% goes to the founding team and advisors to compensate for their work and commitment.

> 9.25% is reserved for early investors.

> 9% is allocated to the ecosystem and treasury for future development.

> 8.3% is set aside for private fundraising efforts.

> 4% is used to provide liquidity on exchanges.