CARV Launches $50M Accelerator to Boost Blockchain Adoption with VC Support

Coinspeaker
CARV Launches $50M Accelerator to Boost Blockchain Adoption with VC Support

CARV, a data and identity protocol built for gaming and artificial intelligence (AI), has launched a $50 million accelerator program to promote the adoption of its blockchain ecosystem.

On September 12, the platform announced that the new initiative dubbed CARV Labs received financial support from prominent crypto companies. These companies are HashKey Capital,  Consensys, MARBLEX, the  Web3 arm of South Korean mobile game developer Netmarble, and Intella X, the blockchain publishing arm of NEOWIZ.

The accelerator program also received investments from blockchain protocols like Solana, NEAR, and Ronin. These partners are expected to play a crucial role in fostering projects under CARV’s accelerator.

According to the modular blockchain, the funds will be used to support businesses across various industries including gaming,  AI, and decentralized data.

In addition to the financial support, CARV Labs will provide other comprehensive assistance including strategic market growth, tokenomics advisory services, technical guidance, and access to a broad industry network.

The accelerator has already seen success with its first project BANANA, a game built on the TON blockchain. In just four weeks, BANANA attracted over 8 million users, with 1 million of them being daily active players. This early success shows the potential of CARV’s program to help more startups succeed.

Victor Yu, founder of the data and identity blockchain said the program is designed to encourage founders to build innovative projects that will accelerate the adoption of the crypto ecosystem.

“Building sustainable data infrastructure hinges on creating a dynamic data flywheel, which requires modular infrastructure and a critical mass of high-quality applications post-PMF. To push for the next hockey stick, we want to further encourage building by more players,” said Yu.

The launch of the CARV accelerator comes shortly after the release of CARV’s Alphanet in July, which aims to scale the network and reward its node operators. The introduction of the new product marked a major step toward CARV becoming a fully decentralized protocol.

At its launch, Alphanet was supported by 38,000 verifier nodes. That number has since grown to over 40,000 nodes. CARV said that users began downloading Node Operation software in June 2024 which continued until July 1, when node operators started running it directly on Alphanet to potentially earn test rewards.

The product launch came a few months after CARV closed its $10 million Series A funding round in April. According to the platform, the round was led by Tribe Capital and IOSG Ventures.next

CARV Launches $50M Accelerator to Boost Blockchain Adoption with VC Support