Carv is an innovative decentralized autonomous organization. The company behind the project aims to build a player-owned gaming platform that will provide players with an amazing experience along with direct monetization. Carv will use the play-to-earn strategy to enable customers to profit. At the same time, it will empower games and guilds. The team also plans to distribute and launch incentive campaigns to gamers accurately.
The company also created the platform’s native utility token, ARC. This ERC20 coin is currently trending. The total supply of tokens is 1,000,000,000. The team will launch its ICO sale soon. ARC will play a key role in the Carv ecosystem. Thus, token holders will have an opportunity to use their ARCs for various purposes.
Axie Infinity is the platform that has brought the Play-to-Earn model into a new era. Consequently, its market cap skyrocketed to $10 billion in 2021. This development has had a positive social impact worldwide. Play-to-Earn strategy attracted investors’ attention. It also played a pivotal role in the Web3 game industry, causing the latter’s boom.
Developers launch new Web3 games daily. Even traditional, mainstream game studios are ready to embrace cryptos and NFTs as they see great opportunities in the Defi market. Digital ownership, provenance, and decentralized systems proved to be very attractive to users.
However, along with huge potential, there are many challenges. This market is still relatively new, and it has to overcome many obstacles. For example, nowadays, each game is an individual ecosystem. Thus, there’s no shared recognition of each gamer’s identity or accomplishments across the platforms.
Why is a player’s reputation important?
Stakeholders need to maintain a good reputation across the gaming ecosystem. But it’s not so easy to become well-known in various circles when the communities are contained in different ecosystems. Being open is very important.
Currently, gamers cannot successfully leverage their track record for preferential status in initial NFT offerings (INOs). The same is true for scholarship selection processes in competitions with bots or system gamers. That considerably limits their earning potential.
Furthermore, without an integrated Web3 identity, platforms won’t be able to offer smart recommendations about the games that might interest the player. Thus, the potential to improve gaming skills and simultaneously balance the digital assets’ portfolio is completely lost.
Game studios can also experience considerable drawbacks. They need a credible reputation system or at least a mature game distribution service. Without that, the potential for thriving and long-term sustainability for the ecosystem can be undermined. There are so many whale users, deal-hunters with scripts and bots, and other negative factors that can damage trustworthy brands. If players buy the scam instead of using the real platform, that can harm the brand’s reputation and shorten the game’s life span. Besides, such cases often degrade user trust in the entire Web3 system.
Moreover, scholarship selection is manual in the Defi space currently. It relies heavily on scholars’ statements. Unfortunately, this process is wholly inefficient without a standardized achievement system. The platforms need to have mechanisms in place that enable subsequent scholarships to reference past performances. Scholarships have a gig nature that doesn’t incentivize gamers to maximize their potential.
What solutions does the Carv platform offer?
This company isn’t just a gaming platform. Its team aims to bring real changes to the existing gaming industry and help it to evolve.
Carv will connect the silos of Web3 games. To achieve that, the company will aggregate and analyze scattered data both on and off the chain. It will also build a gaming credential protocol – called the Carv Protocol. In addition, the team will offer a fun dashboard with all gaming achievements translating to Soulbound Tokens (aka SBT), unified scores, leaderboards, game assets, and advanced insights and recommendations.
Vitalik Buterin, the founder of Ethereum, proposed SBT. These are non-transferable, publicly-verifiable coins representing affiliations and credentials, along with a type of address establishing provenance. Thus, the SBT can form an essential building block for the Defi Society (DeSoc).
Furthermore, the team will provide Carv.io. Its products have various advantages. For instance, the company will gather all information in one place, and players will be able to clearly review their achievements, as well as footprints in gaming. They will also have an opportunity to mint these credentials into SBTs and unlock SBT-gated benefits across various games and gaming platforms.
The users can also become part of an SBT-based game-sharing community to discover interesting games more efficiently. The SBTs will show players’ best gaming memories. They will connect to other Web2 or Web3 social spaces via a middleware plug-in, allowing people to socialize with their credentials.
Game studios will also benefit from such an arrangement. They will be able to leverage the Carv Protocol’s achievement APIs to launch any kind of campaign or advertisement easily and accurately. Gaming platforms can design a growth path for players and offer them rewards in the form of NFT badges.
What about the guilds?
According to the Carv team, gaming guilds will be able to select scholars based on their previous performances in different games. That will add both fairness and accuracy to the selection process. Besides, players will push themselves to build the best portfolio with hard evidence of their accumulative performance. After all, they can carry it around and get various perks across games. Guilds will also have a chance to maximize their profits.
This project aims to take the Web3 gaming ecosystem to the next level. It will build gamer credential infrastructures, a multi-sided platform, Carv.io, and middleware tools. The team also wants to bridge Web2 gamers to the Web3 gaming ecosystem, maximizing value to game developers, players, investors, and guilds.
The Carv ecosystem will consist of the Carv Protocol, DAO, Carv.io platform, and the community. The platform will create Carv IDs, which will become a universal gamer identity consisting of multiple on-chain and off-chain accounts across various platforms and chains.
According to the team, Carv Protocol will be a cross-chain, multi-address data aggregation protocol, and it will generate players’ gaming credentials. The company will analyze data from diverse sources and interpret it in the form of insightful credentials.