As a seasoned researcher with a keen eye for emerging technologies and a soft spot for promising projects, I find myself intrigued by the meteoric rise of CARV in the crypto market. Having closely followed the trajectory of several blockchain-based platforms, I must admit that the speed at which CARV’s token has surged is nothing short of impressive, especially amidst a relatively sluggish market for Bitcoin and Ethereum.
In the last day, the price of the native token for CARV, a flexible data platform used in gaming and AI, has experienced a significant increase.
On October 10th, the CARV platform debuted its token, with eight leading cryptocurrency exchanges announcing their listing of the token. As per a recent update on X, Bybit, Bitget, KuCoin, HTX, and MEXC are some of the prominent platforms providing trading services for this token.
Following the release of the token, I observed a significant surge in its price. Initially trading at $0.26 post-launch, it quickly climbed above $0.61. This upward movement occurred while Bitcoin (BTC), Ethereum (ETH), and other leading cryptocurrencies were grappling with limited growth. Interestingly, Uniswap (UNI) experienced a surge in value due to announcements from the Uniswap Labs team.
Although the token has experienced a slight pullback from its highs, its current value of $0.49 represents an increase of over 79% for the day. The daily trading activity surpassed $22.2 million, and the market capitalization climbed to approximately $62 million.
What is CARV?
Carv represents a decentralized network platform for physical infrastructure, striving for leadership in the realms of data privacy and flexible identity solutions. Our main focus areas are the gaming industry, artificial intelligence, and data marketplaces where monetization is involved.
The initiative is picking up speed in the industry, collaborating with a variety of gaming platforms and artificial intelligence ventures. Furthermore, it’s secured financial backing from venture capital companies like Animoca Brands, OKX Ventures, Tribe Capital, and Vertex Ventures.
In the first major financing round, CARV successfully secured $10 million. This series A investment was supported by prominent venture capital firms, with IOSG Ventures and Tribe Capital leading the funding. Additionally, ConsenSys, HashKey Capital, and Fenbushi Capital also contributed to this round of investments.
CARV’s gaming ecosystem includes the tap-to-earn mini-game Banana. BANANA is the first CARV-powered TON ecosystem game.
In addition to that, our gaming collaborators span across various platforms such as SHRAPNEL, Off The Grid, Pixelmon, Illuvium, and The Sandbox, among others. On the other hand, our crypto ecosystem partners encompass BNB Chain, ZKsync, Ronin Network, Solana, and Polygon.
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2024-10-10 21:02