Connect with us

Hi, what are you looking for?



Carv Receives $40 Million Valuation


Los Angeles-based Web3 startup Carv has received a valuation of $40 million as investors strive to back web3 identity builders in the market following the epic crash of FTX, according to Yahoo Entertainment.

The startup, which is utilizing a game-industry first approach, has already raised $4 million, per TechCrunch, and the round was led by early-stage focused VC firm Vertex, which exists under the Singaporean sovereign wealth fund Temasek.

“When you onboard a web2 user, lowering the barrier is very important. If you log in with Metamask, which is like a safe for your private key, and you want to log in from another laptop, then you have to memorize all those secret phrases,” says Victor Yu, co-founder at Carv. “So giving yourself an ID in a way that’s more user-friendly, I think it’s essentially very crucial.”

Carv has partnered with over 90 games and exceeded 300,000 registered users.

“Essentially in the market, we’re talking about to-consumer-driven use cases. Many of [the current decentralized apps] probably have only hundreds of daily users, so it’s hard to promote why users need DID,” Yu says.

You May Also Like


Platika has committed a $25 million minority investment in Ace Games, which was established back in 202 and is behind the title Fiona’s Farm,...


Laundrygo has officially announced that they have closed a $37 million Series C funding round that was led by private equity firm H&Q Korea,...


Following the epic collapse of FTX and the downward spiral of Web3 sectors such as cryptocurrency, Latin America’s digital wallet startup Zulu nabbed a...


The FTX fallout has not only rocked the Web3 and cryptocurrency landscape, with their bankruptcy pulling back the curtain on a company that shockingly...