The information about CARV (CARV) is. 

 

CARV is a utility token launched on the Ethereum blockchain, designed to power the CARV ecosystem, which focuses on enabling data sovereignty, particularly in gaming and AI sectors. It serves as a medium of exchange within the platform, allowing users to participate in governance, access premium features, and monetize their data securely and privately. 

 

The token was created to address the fragmentation of digital identities across Web2 and Web3 platforms, offering a modular Identity and Data Layer (IDL) through the CARV Protocol. This protocol integrates with over 900 games and AI companies, empowering users to own, control, and share their data while ensuring privacy through technologies like zk-technology and Trusted Execution Environments (TEE). 

 

CARV’s tokenomics include a total supply capped at 1 billion tokens, with a distribution plan spanning four years. About 50% of the tokens are allocated to the community and node operators, while 19.46% goes to the founding team and advisors. The token supports a dual structure, including veCARV, a non-transferable voting-escrow version that enhances governance participation and rewards for staking. 

 

The project was founded in 2022 by Chloe Gu and Victor Yu, initially inspired by decentralized society concepts and Soulbound Tokens (SBTs). It introduced the ERC-7231 token standard in June 2023, approved in February 2024, to unify Web2 and Web3 identities into NFT-based profiles via CARV ID. The mainnet launched on Arbitrum in October 2024, with the token becoming tradable on major exchanges like Bybit, KuCoin, and Bitget. 

 

CARV also operates CARV Play, a gaming-focused application, and supports initiatives like the Infinite Play campaign, which integrates play-to-earn mechanics. The token facilitates gas payments across multiple blockchains, gaming asset purchases, and participation in the ecosystem’s governance, where holders can vote on protocol updates and reward distributions.[](https://messari.io/report/understanding-carv-a-comprehensive-overview)[](https://www.kucoin.com/price/CARV)[](https://www.altcoinbuzz.io/bitcoin-and-crypto-guide/carv-launches-carv-token-redefining-gaming-and-ai-data/)