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Param Labs Announces Strategic Investments, Partnerships

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Param Labs is all set to enhance the game’s narrative with its partnership with Pixelverse. The gaming company has attracted strategic investments, raised funds, and listed tokens on several premier exchanges, including MEXC.

Who is Investing in Param Labs?

Param Labs, a gaming studio and developer of leading games, including Kiraversegame and Pixeltopoly, expanded its area by partnering with different giants. 

On May 28, Pixelverse, a metaverse, and a Web 3.0 platform, announced collaboration with Param Labs over X. The partnership intends to integrate IP into upcoming games to offer an immersive gaming experience.      

         

The partnership will reward the dedicated players and ensure fair distribution of the tokens in the gaming space. Moreover, over 500K monthly active users of Pixelverse would be permitted to use Pixelverse’s characters in Kiraverse.

Another purpose is to drive mass adoption and the creation of a more engaging and rewarding gaming universe for gamers.

Entrepreneur and popular social media personality Mario Nawfal has invested in Param Labs.

   

Nawfal is one of the bullish investors in Web3 gaming and is heavily indulging in different technological and gaming advancements. 

PARAM’s Listing on Premier Exchanges

Apart from partnerships and investments, Param Labs also collects highlights because of its recent listing on exchanges, including Bybit, MEXC, Gate.io, HTX, and BitGet. Param Labs’s several tweets signal about the listing.

PARAM will be the first project to be introduced on the Bybit launchpool, and PARAM, Tether (USDT), and Mantle (MNT) stakers will be offered 20,000,000 PARAM. Holders can stake their tokens on June 5, 2024.

Param Labs Raises Funds

On May 16, 2024, Animoca Brands led a $7 Million seed funding round for Param Labs. The raised funds will be used to construct a modular gaming ecosystem and enhance gamers’ immersive experiences.

Param Labs

Param Labs Funding I Source: CoinCarp

Polygon Ventures, Merit Circle, Delphi Ventures, Cypher Capital also featured in the funding rounds. Moreover, the investment boosted the company’s efforts in the gaming industry and Web3 advancement.

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