CARV Data Layer Consensys and HashkeyBacked Accelerator Unveil 50M Launch

CARV has launched a $50 million accelerator for projects capable of driving mass adoption of its data layer protocol.
The $50 million accelerator received backing from notable blockchain venture capitalist (VC) funds, including HashKey Capital and Consensys.
CARV, the modular data layer for gaming and
artificial intelligence (AI)
applications, aims to support projects building the future of decentralized data, according to Victor Yu, co-founder of CARV.
The co-founder told Cointelegraph:
The need to regain control over user data became apparent in 2018 when Cambridge Analytica leaked the data of over 87 million Facebook users.
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Decentralized data layers: giving back ownership of user data
As a decentralized data solution, CARV enables users to monetize their online data through CARV ID, which aggregates data from Web3 and Web3 sources like emails, social accounts, or crypto wallet addresses.
This enables users to profit off their digital data, which could ultimately grow in value, explained Yu:
This can enable the true ownership of online user data, unlike most data-harvesting Web2-specific platforms that monetize user data, added the co-founder:
This decentralized approach contrasts with the traditional centralized data silos typical for Web2 applications.
CARV has surpassed $50 million raised in total funding from forms including IOSG Ventures, Hashkey Capital, COnsensys, OKX Ventures, Alibaba and Arweave,
according
to a July 1 X post.


CARV $50 million in total funding. Source: CARV
Other decentralized, blockchain-based data solutions include the Graph, an indexing protocol for organizing and accessing data from different blockchain networks, widely used by developers behind
decentralized applications (DApps)
.


Top AI & Big Data tokens. Source: CoinMarketCap
The Graph’s utility token (
GRT
) is the 51st-largest cryptocurrency and the seventh-largest among the top artificial intelligence (AI) and big data coins tracked by CoinMarketCap.
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AI and Web3 gaming needs data infrastructure
Decentralized data layers are essential for Web3 gaming and AI due to the data-intensive nature of these applications and the necessity for high-quality, verified user data.
However, CARV could also be tapped by
decentralized finance (DeFi)
applications, added Yu:
The $50 million accelerator will provide projects with funding, go-to-market and growth strategy, tokenomic advisory and infrastructure support.
Decentralized data layers have the potential to play an important role in Web3, offering users greater control and ownership over their personal browsing data.
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