CARV continues to solidify its position as a leader in the decentralized data and gaming sectors, showcasing impressive growth metrics and diverse revenue streams. With over 240 million total on-chain transactions, CARV has proven its capability to drive user engagement and generate substantial revenue across multiple facets of its ecosystem.
In Q1-Q3 of 2024, CARV is making waves with a total revenue of over $43 million, driven by a robust ecosystem of decentralized data solutions and gaming initiatives. With over $8.2 million standout earnings from CARV ID minting and .play name service; and over $35M significant node sales, CARV is redefining the landscape of data monetization in Web3. This financial success highlights CARV’s commitment to empowering users and driving mass adoption through innovative, decentralized technologies.
Below, we break down the key revenue sources contributing to CARV’s ongoing success.
Revenue Breakdown:
1. CARV ID:
- Total Revenue: 3,786,915 $USDT
- CARV IDs Minted: 3,323,833
- CARV ID has become a core product, enabling users to establish a decentralized identity across the gaming and AI landscapes. Each ID not only represents a user’s footprint in the CARV ecosystem but also serves as a vital tool for engagement and monetization.
2. .play Name Service:
- Total Revenue: 4,500,080 $USDT
- Total ENS Registrations: 810,430
- The .play name service offers personalized and memorable identifiers for users within CARV’s ecosystem, further enhancing user engagement and brand presence.
3. Node Sales:
- Total Revenue: $35M
- Node sales have been a significant revenue driver, reflecting strong community interest and participation in CARV’s decentralized network infrastructure.
3. CARV Play & Infinite Play:
- Total Revenue: $320K/month
- Infinite Play represents CARV’s commitment to fostering play-to-earn dynamics, enabling users to generate value through engagement with supported games.
4. BANANA:
- Total Revenue: $300K
- As CARV’s first incubated project, BANANA’s rapid adoption highlights the platform’s potential to foster successful decentralized applications. With over 10 million users since the launch on July 27th, BANANA has become a standout example of CARV’s impact.
Summary
CARV’s diversified revenue streams illustrate a robust and scalable business model capable of capturing value across multiple touchpoints within the Web3 ecosystem. From its modular data services to its play-to-earn initiatives and community-driven node sales, CARV continues to lead the charge in creating a decentralized, data-rich environment that empowers both developers and users alike.
As CARV advances, it remains committed to driving innovation and expanding its footprint in gaming, AI, and beyond. With ongoing developments and a growing community, CARV is poised for even greater achievements in the coming year.
Stay tuned for more updates as CARV continues to revolutionize data usage and monetization across the decentralized web.
CARV: Empowering the Future of Data in Gaming and AI
CARV is building the largest modular Identity and Data Layer for gaming, AI, and beyond, integrating over 900 games and AI companies, representing more than 30% of all Web3 games, and serving 9.5M+ registered players with 1.3M+ daily active users and 3M unique on-chain CARV ID holders. Ranking among the top three globally with 2.1M+ average daily unique active wallets across 40+ chains, CARV has raised $50M in total funding from top-tier investors like Tribe Capital, Temasek Vertex, HashKey Capital, Animoca Brands, and ConsenSys, along with major gaming studios and ecosystems such as MARBLEX (Netmarble) and the Sandbox. The team comprises industry veterans from Coinbase, Binance, Google, and Electronic Arts, all dedicated to revolutionizing data usage in gaming, AI, and beyond.
