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$35M Node Sale Propels Decentralization Mi… | EVM News
Santa Clara, USA, July 1st, 2024, Chainwire
New Initiative to Scale Network and Reward Node Operators with Airdrops and Voting Rights
CARV, the largest modular data layer for gaming and AI, today announces the launch of its Alphanet, run by the 38,000 verifier nodes distributed to its community worth $35M. This marks a significant step towards CARV’s goal of true decentralization and user-owned data future.
Nodes empower the CARV community as stakeholders, enabling users to own, control, and monetize their data while enterprises can innovate based on high-quality information. With the launch of Alphanet, node operators can test run the network, playing a crucial role in preventing system manipulation and enhancing overall security through two-staged smart contract verification. As reported by CoinDesk, by putting the keys to validating and securing data flows into the hands of its rapidly growing community, CARV is evolving into a truly decentralize, scalable protocol layer, where the seamless onboarding of high-quality games, gamers, and applications seeking a secure, decentralized data environment is possible.
From June 28, users can already download and operate Node Operation software. Starting July 1, node owners can start running nodes on Alphanet and potentially earn test rewards. Contribution to data validation on the Alphanet is correlated to rewards on mainnet launches. 25% of the total token supply is reserved for verifier rewards. This economic incentive closely aligns the protocol’s long-term success with the community’s vested interests.
“From our successful node distribution to today’s alphanet launch, we are rapidly progressing towards a more decentralized and scalable network,” said CARV Co-Founder Victor Yu. “Our community’s overwhelming participation represents a powerful mandate: people are ready for an open data frontier that generates value for users rather than corporations extracting it. With this significant milestone achieved, we can accelerate building the world’s most vibrant data ecosystem.”
The Alphanet launch further builds on CARV’s momentum from forging high-profile partnerships. Most recently, CARV announced its partnership with double jump.tokyo Inc., the trailblazing Japanese Web3 gaming company and primary developers behind Oasys, the leading layer-1 blockchain purpose-built for gamers. Through this partnership, double jump.tokyo and Oasys will run CARV nodes, generating staked token rewards for voting in CARV’s governance. Likewise, by working alongside other Web2 and Web3 gaming heavyweights like Animoca Brands, Neowiz’ IntellaX, Google Cloud, and Netmarble’s MARBLEX, CARV is solidifying its position as the preeminent gaming and AI data layer, ready to catalyze industry-wide innovation.
For more details on potential staking rewards, node economics and CARV’s roadmap for catalyzing user-owned data economies, users can visit the comprehensive guide here and operations guide here.
About CARV
CARV is the largest modular data layer for gaming and AI, pioneering a future where data generates value for all. As the sole author of ERC7231, CARV has built CARV Protocol, the modular data layer which has integrated with 40+ blockchains, Google Cloud, and other identity, storage, infra and AI providers. CARV’s flagship gaming superapp, CARV Play, is integrated with more than 790 web2 & 3 games and serving 2.8M+ gamers. CARV is backed by top-tier funds and ecosystems such as Temasek’s Vertex Ventures, ConsenSys (developer of Metamask), Tribe Capital, IOSG Ventures, Animoca Brands, HashKey Capital, Infinity Ventures Crypto, MARBELX, and more. For more information, users can visit carv.io.
Contact
COO
Victor Y.
CARV
[email protected]
Hot Projects
Hamster Kombat Reaches 239M Users in 81 Days | EVM News
YEREVAN (CoinChapter.com) — Telegram founder Pavel Durov announced that Hamster Kombat has reached 239 million users in just 81 days.
Hamster Kombat’s viral success has been phenomenal. Since its launch in March 2024, the game has attracted over 200 million players. Durov highlighted some impressive metrics, including the game reaching 100 million monthly users in just 73 days. The game continues to grow, adding 4-5 million new users daily. This makes it one of the fastest-growing digital services globally.
Durov shared these insights on his Telegram channel, which has 2.7 million subscribers. He emphasized that the game’s popularity could introduce many people to Web3 and blockchain technology.
Hamster Kombat Prepares for Token Launch on TON Blockchain in July 2024
Hamster Kombat’s upcoming token launch on the TON blockchain is highly anticipated. The project’s roadmap shows that on-chain infrastructure and in-game wallet implementation were completed in June 2024. Players have been able to link their TON wallets in the game since June.
Durov mentioned that the token minting would happen soon. He stated,
“Soon, Hamster’s team will mint its token on TON, introducing the benefits of blockchain to hundreds of millions of people.”
The official website suggests that in-game token utility will roll out in July 2024. The exact date for the token launch has yet to be confirmed. However, the developers have been preparing the community through frequent updates on social media.
Game Sets Guinness Records and Boosts Engagement with New Levels
Hamster Kombat has set several Guinness World Records. The game’s YouTube channel has gained over 10 million subscribers in just six days, 13 hours, and 15 minutes. This milestone surpasses the growth rate of even Mr. Beast’s channel.
The game offers various ways for players to earn coins. One method involves watching YouTube content, where players earn 100,000 coins for each video viewed. This strategy has significantly boosted the game’s social media presence.
The developers have also introduced a new level for players’ hamster avatars. Reaching the “Creator” level requires accumulating 18 billion in-game coins. This has added another layer of engagement for the players.
Hamster Kombat’s success raises interesting questions about Web3 games. These games could potentially serve as an alternative universal basic income (UBI) mechanism. Players trade their time for in-game entertainment and education about cryptocurrencies.
Hamster Kombat’s approach to social media growth has resulted in staggering metrics. The game’s YouTube channel has 32 million subscribers since its launch in May 2024. Its X profile has 11.3 million followers, and its Telegram channel has 49.4 million subscribers.
Hot Projects
Binance Celebrates 7th Anniversary with 200 Million Users | EVM News
Key Takeaways:
- Binance Celebrates 7th Anniversary: Binance marks its seventh anniversary with over 200 million users worldwide.
- ‘Be Binance’ Campaign Launch: The campaign rewards customers with activities and contests across 19 countries.
- Educational Focus for Growth: Binance emphasizes education to reach the goal of one billion Web3 users.
YEREVAN (CoinChapter.com) — Binance, the world’s largest cryptocurrency exchange, is marking its seventh anniversary. The exchange now has over 200 million users worldwide, highlighting its significant presence in the digital asset industry.
Binance Celebrates 200 Million Users with Global ‘Be Binance’ Campaign
To commemorate this milestone, Binance has introduced a campaign called “Be Binance.” Rachel Conlan, Binance’s chief marketing officer, stated that the campaign aims to reward and celebrate the company’s loyal customers.
“Through determination, curiosity, and responsibility, we’ve faced challenges and reaped rewards, thanks to our 200 million users. As we journey toward financial freedom, we stay true to our values: humility, kindness, collaboration, and gratitude,”
Conlan said.
The “Be Binance” campaign includes activities such as in-person meet-ups, virtual events, and social media contests. The campaign will occur in 19 countries, including the United Arab Emirates, Australia, New Zealand, Bulgaria, Spain, and Benin. Participants can win a share of $7,000 worth of Binance’s BNB tokens and other merchandise.
Education Key to Binance’s Massive User Growth and Trading Volume
Binance sees substantial growth potential beyond its current user base. Rachel Conlan emphasized the importance of education in attracting more users.
“Education and raising awareness are absolutely key. 200 million+ is an impressive number, but both the industry and our user base still have massive potential for growth,”
she said.
Binance’s daily trading volume exceeds $25.3 billion, making it more than seven times larger than Coinbase, which has a daily trading volume of $3.3 billion. The exchange gained its first 100 million users in five years and reached 200 million in two more years. Over 30 million new users joined in the first half of 2024.
Binance Sets Sights on One Billion Web3 Users with ‘Be Binance’ Campaign
Binance aims to reach one billion Web3 users.
“A few years ago, 200 million users looked like something from a sci-fi movie. Today, onboarding the first billion to Web3 feels like an attainable target,”
Conlan said.
The “Be Binance” campaign is part of this effort, offering activities and educational initiatives.
Hot Projects
US Job Market Slump Could Fuel Bitcoin Prices | EVM News
YEREVAN (CoinChapter.com) — The US job market is showing signs of weakening, which might boost Bitcoin prices. The unemployment rate in the US rose to 4.1%, surpassing the anticipated 4.0%. This is the highest level since December 2021.
In June, the US economy added 206,000 jobs. This figure exceeded the expected 191,000 but fell short compared to May’s revised 218,000 jobs. The Bureau of Labor Statistics released this data on July 5.
A weakening labor market in the US could serve as a positive catalyst for Bitcoin prices. Jag Kooner, head of derivatives at Bitfinex, stated,
“If the NFP report shows weaker-than-expected job growth, it could increase expectations for future rate cuts, which might bolster Bitcoin prices as investors seek alternative assets in anticipation of a looser monetary policy.”
Bitcoin Price Trends Amid Job Market Changes
Bitcoin prices have been in a downtrend for over a month. The cryptocurrency has fallen below the significant $60,000 mark, reaching a four-month low. On July 5, Bitcoin dropped over 10.5% in 24 hours, hitting $53,550, according to Bitstamp data.
The last time Bitcoin traded at this level was in February 2024. Some traders worry the bull cycle might have ended, while others see the current correction as typical. The analyst Rekt Capital noted,
“This pullback is -21% deep & 45 days long. In this cycle, average retrace depth is -22% & average retrace duration is 42 days. In terms of retrace depth, this is almost an average retrace. In terms of retrace duration, this is an above-average pullback.”
Bitcoin ETFs Face Net Negative Outflows
Institutional inflows from US spot Bitcoin exchange-traded funds (ETFs) have been lagging. US ETFs are on track for their third consecutive week of net negative inflows. This week alone has seen over $315 million in cumulative net outflows, according to Dune data.
Kooner believes Bitcoin ETF flows could see an uptick if the weakening labor market drives expectations of an interest rate cut. He said,
“Bitcoin ETF flows might see an uptick if market participants believe that economic uncertainty will drive the Fed towards eventual rate cuts, enhancing the appeal of Bitcoin as an inflation hedge. However, significant inflows would depend on broader market sentiment and risk appetite.”
Summary of Key Points
- Unemployment Rate: Rose to 4.1%, highest since December 2021.
- Job Additions: 206,000 jobs added in June, lower than May’s revised 218,000.
- Bitcoin Prices: In downtrend, dropped to $53,550 on July 5.
- Bitcoin ETFs: Third week of net negative inflows, over $315 million outflows this week.
- Market Sentiment: Cautious with potential interest rate cuts being monitored.
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