Carv valued at $40M as investors race to back web3 identity builders

Decentralized identity startups are having a moment as investors seek the next generation of killer applications in web3, even in times of market volatility. Blockchain-based identity systems, they argue, are the portal to user-facing applications in the decentralized land, whether the piece of identity is used to send tokens or showcase a gamer’s achievement.
Entrepreneurs have come up with an array of solutions for decentralized identity or DID. We’ve covered Magic, a San Francisco-based startup that wants to make access to DID as simple as logging into Slack and Medium. Spruce,

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