As a researcher with a background in blockchain technology and gaming industry, I’m thrilled to see Param Labs secure $7 million in funding. This investment will significantly boost their capabilities to develop innovative solutions for the Web3 gaming field. Param Labs’ approach of addressing the current challenges by improving the three levels of element exchange is an intriguing solution that could pave the way for a more efficient and inclusive ecosystem.
Param Labs, a gaming infrastructure development company based in the UAE, has secured $7 million in their latest funding round. Animoca Brands spearheaded this investment, with participation from various investment firms including Delphi Ventures, Cypher Capital, P2 Ventures (formerly Polygon Ventures), Mechanism Capital, Merit Circle, TRGC Capital, Double Peak Group, and MH Ventures.
I’m thrilled to share that Param Labs has successfully secured $7 million in funding. This amount includes the proceeds from our private rounds. Notably, Animoca Brands took the lead in this new investment round, with valuable contributions also coming from esteemed investors like Delphi Ventures, Mechanism Capital, and Merit Circle IO, among others.
— Param Labs (@ParamLaboratory) May 16, 2024
Param Labs offers a innovative approach to addressing the challenges in the Web3 gaming industry by facilitating seamless exchanges at three distinct levels. This empowers developers with the freedom to utilize any required tools and accesses a diverse range of components, enabling them to create rich and dynamic games.
Having sufficient funds of this kind is essential for Param Labs to enhance their initiative in constructing an exclusive gaming domain utilizing PARAM tokens. This alignment contributes to our ultimate objective, which is to grant leading members of the gaming community the opportunity to possess their own assets.
As a crypto investor, I’d interpret Param Labs’ mission this way: At Param Labs, we bring gamers and software engineers into a collaborative environment, equipped with the necessary infrastructure and tools. Together, we aim to generate value in twofold ways.
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2024-05-16 22:28