CARV, a gaming and AI-focused blockchain protocol, aims to further decentralize the data landscape with the launch of verifier nodes.. However, when it comes to personal data — an integral component of the information age — only a handful of companies possess and profit from it. Such companieshundreds of billions of dollars of revenue each year, often without sharing their revenue with users, who are the actual owners of data, or allocating only a minuscule percentage.
Verifier nodes are currently only tasked with verifying results from the data processing and AI model training layers. However, their mission is set to expand over time. Prospective assignments include verifying Carve DB — an EigenLayer-based storage component — and securing CARV Link,. Beginning in December 2023, the campaign enables users to generate revenue by providing their personal data to brands and interacting with them through activities like survey completion and event participation.
The protocol also developed an Ethereum-based token standard. Approved in February, ERC-7231 is an advanced version of the ERC-721, Ethereum’s famousstandard. ERC-7231 links Web2 and Web3 identities and presents them as NFTs, thus aggregating multiple identities from different iterations of the web and supporting decentralized identity verification.The project has recently completed a Series A funding round, which was co-led by Tribe Capital and IOSG Ventures.
Technology Technology Latest News, Technology Technology Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CoinDesk - 🏆 291. / 63 Read more »