Finance
CARV Launches Alphanet: $35M Node Sale Propels Decentralization Milestone
Global Banking & Finance Review®
Company
Santa Clara, USA, July 1st, 2024, Chainwire
New Initiative to Scale Network and Reward Node Operators with Airdrops and Voting Rights
CARV, the largest modular data layer for gaming and AI, today announces the launch of its Alphanet, run by the 38,000 verifier nodes distributed to its community worth $35M. This marks a significant step towards CARV’s goal of true decentralization and user-owned data future.
Nodes empower the CARV community as stakeholders, enabling users to own, control, and monetize their data while enterprises can innovate based on high-quality information. With the launch of Alphanet, node operators can test run the network, playing a crucial role in preventing system manipulation and enhancing overall security through two-staged smart contract verification. As reported by CoinDesk, by putting the keys to validating and securing data flows into the hands of its rapidly growing community, CARV is evolving into a truly decentralize, scalable protocol layer, where the seamless onboarding of high-quality games, gamers, and applications seeking a secure, decentralized data environment is possible.
From June 28, users can already download and operate Node Operation software. Starting July 1, node owners can start running nodes on Alphanet and potentially earn test rewards. Contribution to data validation on the Alphanet is correlated to rewards on mainnet launches. 25% of the total token supply is reserved for verifier rewards. This economic incentive closely aligns the protocol’s long-term success with the community’s vested interests.
“From our successful node distribution to today’s alphanet launch, we are rapidly progressing towards a more decentralized and scalable network,” said CARV Co-Founder Victor Yu. “Our community’s overwhelming participation represents a powerful mandate: people are ready for an open data frontier that generates value for users rather than corporations extracting it. With this significant milestone achieved, we can accelerate building the world’s most vibrant data ecosystem.”
The Alphanet launch further builds on CARV’s momentum from forging high-profile partnerships. Most recently, CARV announced its partnership with double jump.tokyo Inc., the trailblazing Japanese Web3 gaming company and primary developers behind Oasys, the leading layer-1 blockchain purpose-built for gamers. Through this partnership, double jump.tokyo and Oasys will run CARV nodes, generating staked token rewards for voting in CARV’s governance. Likewise, by working alongside other Web2 and Web3 gaming heavyweights like Animoca Brands, Neowiz’ IntellaX, Google Cloud, and Netmarble’s MARBLEX, CARV is solidifying its position as the preeminent gaming and AI data layer, ready to catalyze industry-wide innovation.
For more details on potential staking rewards, node economics and CARV’s roadmap for catalyzing user-owned data economies, users can visit the comprehensive guide here and operations guide here.
About CARV
CARV is the largest modular data layer for gaming and AI, pioneering a future where data generates value for all. As the sole author of ERC7231, CARV has built CARV Protocol, the modular data layer which has integrated with 40+ blockchains, Google Cloud, and other identity, storage, infra and AI providers. CARV’s flagship gaming superapp, CARV Play, is integrated with more than 790 web2 & 3 games and serving 2.8M+ gamers. CARV is backed by top-tier funds and ecosystems such as Temasek’s Vertex Ventures, ConsenSys (developer of Metamask), Tribe Capital, IOSG Ventures, Animoca Brands, HashKey Capital, Infinity Ventures Crypto, MARBELX, and more. For more information, users can visitcarv.io.
COO
Victor Y.
CARV
vito@carv.io
Decentralization refers to the distribution of authority, control, or decision-making away from a central authority. In finance, it often relates to systems that allow users to manage their assets without intermediaries.
A blockchain is a decentralized digital ledger that records transactions across many computers. This technology ensures that recorded transactions cannot be altered retroactively, providing security and transparency.
Node operators are individuals or entities that run nodes in a blockchain network. They validate transactions and maintain the network, often receiving rewards for their contributions.
A crypto wallet is a digital tool that allows users to store, send, and receive cryptocurrencies. It can be software-based or hardware-based, providing varying levels of security.
Airdrops are a method of distributing cryptocurrency tokens to multiple wallet addresses, often for free. They are used to promote new projects or reward loyal users.
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