What is CARV?
CARV is an innovative AI chain ecosystem designed to enable data sovereignty at scale. Its primary goal is to empower users and developers by providing them with control over their data, ensuring privacy and security in a decentralized environment.
Recently, CARV launched the CARV SVM Chain, which aims to create a self-sovereign AI agent infrastructure that extends its existing capabilities onto the Ethereum blockchain. This infrastructure allows AI agents to autonomously acquire, verify, store, and process data while maintaining high standards of privacy and security through technologies like zero-knowledge proofs (zk) and trusted execution environments (TEE).
Background Behind CARV
CARV, founded in 2022, emerged from an inspiration sparked by Vitalik Buterin's soulbound tokens concept. Having raised an impressive $50M in total funding from top-tier investors like Tribe Capital, HashKey Capital, and Animoca Brands, CARV has evolved from its initial focus on decentralized identity solutions to become a pioneering force in data protection and monetization.
After becoming operational in December 2023 and successfully launching its mainnet in mid-2024, CARV is now building an AI chain ecosystem to enable data sovereignty at scale. Dedicated to empowering AI agents with true data sovereignty, CARV delivers a unified infrastructure where users, developers, and AI systems can thrive securely and collaboratively. Its cutting-edge technology ensures a seamless interplay between on-chain and off-chain data, setting the stage for innovation in gaming, artificial intelligence, and beyond
How Does CARV Work?
CARV’s chain ecosystem empowers AI agents with a unified infrastructure to operate securely, intelligently, and collaboratively.
The SVM Chain provides trustless consensus, cryptographic proofs, and verifiable execution, ensuring a secure environment for AI operations.
The D.A.T.A (Data Authentication, Trust, and Attestation) Framework delivers high-quality on-chain and off-chain data, enriched with tags and metrics, enabling AI agents to learn, share, and evolve dynamically.
Complementing this, the CARV Protocol and CARV ID ensure data sovereignty and privacy, allowing users to control and monetize their data while providing AI agents with comprehensive, cross-chain insights. Together, these components create a robust ecosystem where AI agents and humans can thrive through secure, collaborative, and data-rich interactions
CARV’s Ecosystem
The CARV ecosystem comprises several key components.
CARV SVM Chain
CARV SVM Chain is an AI agentic infrastructure that extends SVM's capabilities onto Ethereum. With Solana's scalability and Ethereum's security, it empowers native AI agents with perception, cognition, and intelligent action based on data sovereignty, accelerating evolution towards Artificial General Intelligence.
D.A.T.A. (Data Authentication, Trust, and Attestation) Framework
The D.A.T.A Framework (Decentralized Autonomous Transparent Access) empowers AI agents with high-quality on-chain and off-chain data enriched with actionable metrics. It enables learning, sharing, and evolution while ensuring privacy through Trusted Execution Environments (TEE) and cryptographic proofs. By fostering collaboration and trust, D.A.T.A equips AI agents to thrive in a decentralized ecosystem.
CARV ID (ERC-7231)
CARV ID powers the D.A.T.A Framework by aggregating cross-chain and off-chain identities, providing AI agents with comprehensive insights that enhance their understanding of users and blockchain activities. It unifies fragmented data, enabling deeper context through enriched tags and metrics. This seamless integration ensures data sovereignty, allowing users to control their data while empowering AI agents with the knowledge needed to learn, share, and evolve within a secure and transparent ecosystem.
CARV Labs
To accelerate ecosystem growth in and beyond CARV’s ecosystem, CARV Labs spearheads innovation in the AI agentic infrastructure enabling data sovereignty with incubation, grants, and infrastructure. With a focus on empowering developers and driving mass adoption in CARV AI Chain ecosystem, CARV Labs serves as the incubator for groundbreaking projects and technologies that redefine data ownership towards a new form of evolution for AGI: one driven by the aggregation, sharing, and refinement of high-quality on-chain and off-chain data.
What is CARV Token?
The CARV Token ($CARV) is the native cryptocurrency of the CARV ecosystem. It serves multiple functions, including governance, utility within various applications, and incentivizing participation in the ecosystem.
Governance: CARV grants holders the ability to actively engage in decision-making, propose new features, and shape the CARV ecosystem.
Gas Fees: CARV Token used to pay for the network computing costs of nodes in the blockchain.
Liquidity Pairing: AI agent token will be paired with the $CARV token in its respective liquidity pool.
Payment Currency: CARV tokens can be used as a medium of exchange for payments or transfers to other users within the ecosystem.
Incentives for Nodes: CARV tokens are used as rewards given to Node Operators as an incentive to maintain network stability.
Staking: Users can stake CARV tokens to earn rewards in the form of veCARV tokens. veCARV can be used for voting and can later be redeemed back into CARV tokens.
Currently, CARV is trading at $0.6455 per token with a total market capitalization of $111.1 million, ranking 505th in the cryptocurrency market. It has a circulating supply of 172,427,649 CARV out of a maximum supply of 1,000,000,000 CARV (data referenced from Coingecko as of 12 January 2025).
CARV Token Distribution
The total supply of CARV is 1,000,000,000 tokens, which will become accessible over a 4-year period, starting from the Token Generation Event (TGE). Here's the breakdown:
Nodes and Community: 50.000% - Distributed through various methods to reward the community for their efforts and contributions to the project's success.
Ecosystem and Treasury: 9.000% - The treasury holds these CARV tokens for ecosystem development and operations.
Early Investors: 9.246% - Allocated to early-stage and strategic investors who supported CARV in its initial phases and are committed to the project's long-term vision.
Private Fundraising: 8.295% - Tokens sold during the Series A funding round to private investors who participated in the capital raise.
Founding Team and Advisors: 19.459% - Rewards the core founding team and advisors for their full-time dedication and efforts towards the project's success.
Liquidity: 4.000% - Tokens allocated to ensure sufficient liquidity within the CARV ecosystem.
Summary
In conclusion, CARV is at the forefront of building an AI chain ecosystem that champions data sovereignty through its innovative technologies and frameworks. The launch of the CARV SVM Chain Testnet marks a significant milestone in enabling AI agents to operate autonomously while ensuring user privacy and control over personal data. With a strong foundation built on experienced leadership, extensive user engagement, and a commitment to decentralization, CARV is poised to redefine how data is managed and utilized in an increasingly digital world.
Stay updated with CARV's important developments at https://x.com/carv_official.
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