CARV (CARV) is a utility token within the CARV ecosystem, designed as a decentralised data and identity management layer, especially for gaming and artificial intelligence (AI) applications. Built on the Base blockchain and also integrated with Layer 2 solutions like Arbitrum, CARV aims to give users control over their data, allowing them to own, monetise, and govern its use. This ecosystem has partnered with over 900 gaming and AI-related projects and supports millions of users, with a maximum supply of 1 billion tokens. CARV also generates revenue through services it offers to data-intensive industries.

The CARV token is used for governance, data access, and participation within the CARV ecosystem. Holders can vote on protocol proposals, and developers can access CARV's data layer for user insights, with a fee paid in CARV tokens. Additionally, CARV supports staking, allowing users to convert CARV to veCARV, a voting-escrowed token that offers enhanced governance privileges and staking rewards. The ecosystem also supports game-related transactions, enabling users to engage in CARV’s play-to-earn economy and manage in-game assets.