CARV Joins MDEC’s Vision to Make Malaysia a Leading Web3 Gaming Hub

[PRESS RELEASE – Kuala Lumpur, Malaysia, October 8th, 2024]

As Malaysia strides forward to become Southeast Asia’s digital gaming powerhouse, the strategic partnership between Malaysia Digital Economy Corporation (MDEC) and EMERGE Group has solidified the nation’s vision of pioneering Web3 gaming. Among the key players recognized during this announcement is CARV, a leading force in data empowerment and blockchain gaming innovation.

The partnership, unveiled at the IOV2055 Symposium, Grand Hyatt, on October 3, 2024, is set to transform Malaysia into a prominent Web3 gaming hub, with CARV playing a crucial role in this movement. This collaboration aims to advance the growth and adoption of blockchain gaming technologies, creating an ecosystem that fosters creativity, innovation, and economic growth. CARV, known for its data ownership and monetization solutions, will contribute its expertise to ensure the region’s gaming landscape evolves with cutting-edge Web3 capabilities.

“We are excited to contribute to the transformation of Malaysia’s digital gaming landscape through this collaboration with MDEC and EMERGE Group. CARV’s expertise in data ownership and blockchain technology will bring cutting-edge solutions that empower gamers and developers alike. This partnership is a huge step towards building a decentralized gaming ecosystem in Malaysia that will serve as a model for the entire region”, said Dazzle, Ecosystem Lead of CARV.

CARV’s Role in Propelling Malaysia’s Blockchain Gaming Ecosystem

Presented by Datuk Fadzli Abdul Wahit, Head/Senior Vice President Digital Transformation of MDEC, CARV’s inclusion in the inaugural Malaysia Web3 Gaming Council is a significant step forward for the company as it continues to expand its influence within the global gaming industry. By partnering with MDEC, CARV gains an opportunity to further its mission of revolutionizing data ownership in gaming through blockchain technology. The council, made up of industry leaders such as Avocado DAO, TZ APAC, and others, will work collaboratively to develop strategies that place Malaysia at the forefront of Web3 gaming in ASEAN.

For CARV Labs, this partnership represents a strategic alignment with Malaysia’s long-term goals in digital innovation. By supporting MDEC’s vision, CARV will be integral in fostering collaboration between Web2 and Web3 ecosystems, leveraging its advanced technology to drive the digital transformation of gaming in the region.

“CARV’s inclusion in the Malaysia Web3 Gaming Council reflects our leadership in blockchain gaming and our dedication to pioneering innovative solutions in this space”, said Victor Yu, CARV COO. “Our commitment is to ensure that Malaysian gamers and developers can leverage CARV’s technology to not only enjoy immersive gaming experiences but also take ownership of their data in a way that drives economic growth for the entire region”, Yu added.

Pioneering the Future of Gaming in Southeast Asia

With its robust infrastructure and focus on data empowerment, CARV is well-positioned to support the rapid growth of Web3 gaming in Malaysia. The partnership will see CARV working closely with key stakeholders to create opportunities for gamers, developers, and innovators, ensuring that Malaysia becomes a critical player in the blockchain gaming space.

As CARV continues to push boundaries in data ownership, its involvement in this initiative demonstrates the company’s commitment to creating meaningful impact. Through this collaboration with MDEC and other leading players, CARV is set to leave a lasting imprint on Malaysia’s digital landscape and the broader Southeast Asian gaming market.

This partnership marks the beginning of an exciting era where CARV, alongside MDEC and EMERGE Group, will help drive the growth of blockchain gaming in Malaysia, furthering its mission to empower gamers and revolutionize the future of gaming data.

About CARV

CARV is building the largest modular Identity and Data Layer (IDL) 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 2.8M 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.

About MDEC

The Malaysia Digital Economy Corporation (MDEC) was established in 1996 to spearhead the country’s digital economy.

MDEC launched Malaysia Digital (MD), a national strategic initiative aimed at addressing current key challenges in the digital landscape for a robust and agile digital economy.

As an agency under the Ministry of Digital, MDEC drives the digital economy through industry development, trade facilitation and policy advocacy.

Please visit our website at www.mdec.my

About EMERGE Group

Headquartered in Singapore, EMERGE Group focuses on developing viable and profitable commercialisation options for content creators, Intellectual Property rights holders, Advertising Inventories and brands in the Southeast Asia region.

With an established network of top esports teams and gaming influencers under its flag, EMERGE Group has also worked with multiple endemic and non-endemic brands to fulfill their business objectives.

For more information, please visit: https://linktr.ee/emergegroup