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CARV

CARV is the largest modular data layer for gaming, AI, and ∞, pioneering a future where data generates value for all.

DePINAIGaming

Key points

  • $15M from Temasek’s Vertex, ConsenSys (Metamask), OKX Ventures, HashKey Capital, and more. The amount does not include the node sale
  • With more than 2.5 million registered users and 700 integrated games, CARV is the largest at 600K+ average daily UAW across Linea, opBNB, zkSync, Ronin and 40+ chains
  • $1M in monthly recurring revenue, CARV has validated the business model and is on a trajectory for rapid expansion across Web2 & Web3
  • Key clients / partners of CARV include Netmarble (MARBLEX), Alibaba Cloud, Electronic Arts, and a suite of top web3 games, such as Shrapnel, Pixelmon, Nyan Heros, BinaryX and more.
  • CARV is founded by the veterans of Gaming, Web3, and AI with founding team from Tencent Games, Electronic Arts, TikTok AI, Coinbase, Google, McKinsey, d.live (exit to TRON), Contentos (Binance listed) and more

Details about the deal

Team

Clo
Clo
CEO
Leo
Leo
CGO
Ricky
Ricky
CPO
Kevin
Kevin
CTO
Paul
Paul
CBO
Vito
Vito
COO

Investors

Hashkey Capital logo
Hashkey Capital
Investor
ConsenSys logo
ConsenSys
Investor
IOSG Ventures logo
IOSG Ventures
Investor
Tribe Capital logo
Tribe Capital
Investor
OKX Ventures logo
OKX Ventures
Investor

Partners and advisors

SkyMavis logo
SkyMavis
Avalanche logo
Avalanche
Sui logo
Sui
Linea logo
Linea
Alibaba Cloud logo
Alibaba Cloud
Illuvium logo
Illuvium
Shrapnel logo
Shrapnel
InfiniGods logo
InfiniGods
Pixelmon logo
Pixelmon

Timeline

Nov. 2022
$4m raised in seed round
Jan. 2024
Approval of ERC7231, where CARV was sole author of the NFT standard for unified ID
Feb. 2024
Strategic investment by MARBLEX, the Web3 arm of largest mobile gaming company in Korea
Apr. 2024
$10m raised in Series A round
3 May - 21 May 2024
Node sale

The Product

CARV Protocol: the data layer that facilitates data exchange and value distribution.

CARV Play: CARV Play is the first cross-platform credentialing system and the largest web3 gaming distribution & social platform for gamers and games alike.

CARV AI: Cara is a personalised AI gaming assistant on CARV Play & social network plug-ins in Telegram, with seamless integration with web3 wallets, ID integrations, TON-based games, and social networking.

FAQ

What is the CARV Alpha Deal?

The CARV Alpha Deal includes the purchase and the setup of CARV nodes on investors’ behalf. Investors will receive CARV rewards from these nodes. Rewards will be distributed to investors directly in the SwissBorg app every 5 months.

What Is Borger Rank and What Are the Vaults?

The Borger Journey is a loyalty program designed to enhance the SwissBorg experience for our valued users. Based on your BORG holdings, you are a member of one of the Borger camps. The higher the camp, the better the rewards and opportunities.

One of these perks is also eligibility for the Alpha Vaults. Based on your Borger camp you are eligible for one or more of the following vaults - Bronze, Silver, Gold or Diamond. You can find which vaults you are eligible for in the app.

What Are the Terms for Each Vault?

The Terms per Vault

Can you tell me more about rewards? How and where will I receive them?

By investing in this vault, you become eligible to receive the CARV token rewards for 4 years after the token generation event (TGE). The CARV rewards received will be locked for 5 months, before it becomes liquid.

The rewards emission schedule is weighed in such a way that ensures a bigger token release in the beginning. Approximately 30% of the total reward supply will be released in the first 12 months after the TGE.

Taking into account also the 5 months vesting period, investors will receive approximately 30% of total reward supply, fully unlocked in the first 12 months. The rewards will be distributed every 5 months. The rewards will be deposited into your SwissBorg account.

Does SwissBorg retain an operating fee?

SwissBorg’s partner will take the fee according to the fee schedule in T&Cs.

What happens to the node NFT after four years?

SwissBorg will sell the NFTs at the end of the period, and the proceeds will be distributed to the investors. Please keep in mind, however, that we expect the value of the NFTs to be lower compared to today since all the guaranteed rewards will be paid out.

Does a successful investment provide you with the option to host your own node?

No. SwissBorg’s partner will operate and manage all the nodes on investor's behalf.

What return could be reasonably expected across four years?

Please refer to the investment thesis for projections.


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