Data layer platform Carv, which empowers web3 gaming, gamers, and AI companies both control and monetize data has official closed a $10 million Series A funding round led by Tribe Capital and IOSG Ventures.
According to TechCrunch, the latest round for the company comes 5 months after it received a strategic investment led by Hashkey Capital, and the company was valued at around $40 million during it’s seed round raise back in 2022 that was led by Vertex Ventures.
“While user data has powered tremendous economic growth, individuals don’t share the value created when their information is leveraged to build billion-dollar businesses,” Victor Yu, co-founder and COO of Carv said of the company, per TechCrunch. “Carv differentiates itself by putting data ownership and monetization rights in the hands of users. Any revenue generated from leveraging users’ data gets shared back with the data creators and themselves,” Yu said. “Additionally, we’ve created a unified user ID standard (ERC-7231) that bridges web2 and web3, enabling seamless data portability versus today’s siloed solutions.”
Carv plans to enhance the design of its CARV Portal to ensure it is scalable and can support a broader range of use cases with the new funds.
