CARV Partners with MDEC to Establish Malaysia as a Leading Web3 Gaming Hub

CARV Partners with MDEC to Establish Malaysia as a Leading Web3 Gaming Hub

Malaysia is on the path to becoming Southeast Asia's digital gaming powerhouse with the strategic partnership between the Malaysia Digital Economy Corporation (MDEC) and EMERGE Group. This collaboration aims to advance the nation's vision of becoming a leader in Web3 gaming with CARV playing a pivotal role in this transformative journey.

The partnership was officially announced during the IOV2055 Symposium held at the Grand Hyatt on October 3 2024. The alliance is set to establish Malaysia as a prominent hub for Web3 gaming through the development and adoption of blockchain gaming technologies. CARV recognized for its innovation in data empowerment and blockchain solutions will leverage its expertise to create an ecosystem that promotes creativity innovation and economic growth.

Dazzle the Ecosystem Lead of CARV expressed enthusiasm about the partnership stating that they are eager to contribute to the transformation of Malaysia’s digital gaming landscape. He emphasized that CARV’s expertise in data ownership and blockchain technology will offer cutting-edge solutions that empower both gamers and developers. This collaboration represents a significant step toward building a decentralized gaming ecosystem in Malaysia that could serve as a model for the entire region.

CARV’s Contribution to Malaysia’s Blockchain Gaming Ecosystem

Under the guidance of Datuk Fadzli Abdul Wahit the Senior Vice President of Digital Transformation at MDEC CARV’s inclusion in the inaugural Malaysia Web3 Gaming Council marks a significant advancement for the company in expanding its global gaming industry influence. The council comprises industry leaders including Avocado DAO and TZ APAC among others who will collaborate to formulate strategies to position Malaysia as a front-runner in Web3 gaming within the ASEAN region.

This partnership aligns strategically with Malaysia’s long-term digital innovation goals allowing CARV to play an integral role in fostering collaboration between the traditional Web2 ecosystem and the emerging Web3 landscape. By leveraging advanced technologies CARV aims to drive the digital transformation of gaming in the region ensuring that it evolves in line with global trends.

Victor Yu the Chief Operating Officer of CARV remarked that their inclusion in the Malaysia Web3 Gaming Council highlights CARV's leadership in blockchain gaming and its commitment to developing innovative solutions. He noted that the collaboration will enable Malaysian gamers and developers to harness CARV's technology to not only enhance their gaming experiences but also to take ownership of their data fostering economic growth across the region.

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 entails CARV working closely with key stakeholders to create opportunities for gamers developers and innovators ensuring that Malaysia secures a pivotal role in the blockchain gaming industry.

CARV’s ongoing efforts to advance data ownership through blockchain technology underscore its commitment to making a meaningful impact. The collaboration with MDEC and other industry leaders positions CARV to leave a lasting mark on Malaysia’s digital landscape and the broader Southeast Asian gaming market.

This partnership signifies the commencement of an exciting new chapter where CARV alongside MDEC and EMERGE Group will drive the growth of blockchain gaming in Malaysia. Together they aim 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. It integrates over 900 games and AI companies representing more than 30% of all Web3 games. CARV serves over 9.5 million registered players with 1.3 million daily active users and 2.8 million unique on-chain CARV ID holders. Ranking among the top three globally CARV has more than 2.1 million average daily unique active wallets across over 40 chains. The company has secured $50 million in funding from esteemed investors including Tribe Capital Temasek Vertex HashKey Capital Animoca Brands and ConsenSys as well as major gaming studios and ecosystems such as MARBLEX (Netmarble) and The Sandbox. The team consists of industry veterans from leading firms such as Coinbase Binance Google and Electronic Arts all dedicated to transforming data usage in gaming AI and beyond.

About MDEC

The Malaysia Digital Economy Corporation (MDEC) was established in 1996 to lead the nation’s digital economy. MDEC launched Malaysia Digital (MD) a national strategic initiative aimed at addressing significant challenges in the digital landscape to ensure 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.

About EMERGE Group

Headquartered in Singapore EMERGE Group focuses on creating viable and profitable commercialization 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 EMERGE Group collaborates with various endemic and non-endemic brands to achieve their business objectives.