Param secures another 7 million magnesium financing
Recently, Web3 game infrastructure developer Param Labs finally announced the amount of financing. The project raised US$7 million worth of funding in a "significantly oversubscribed" investment round, led by well-known Web3 game company and venture capital company Animoca Brands Leading the investment, investment companies include Delphi Ventures, Cypher Capital, P2 Ventures (formerly Polygon Ventures), Mechanism Capital, Merit Circle, TRGC Capital, Double Peak Group and MH Ventures.
The Param Labs project team has experienced professionals from well-known companies such as Activision, EA and Ubisoft. As early as March 14 this year, it announced that it had received strategic investment from the top venture capital company Animoca Brands, but the specific financing was not disclosed at the time. amount.
According to the memorandum of cooperation between the two parties, the funds will be used to solve one of the most pressing problems of Web3 games-the lack of underlying infrastructure.
Anthony Anderson, CEO of Param Labs and Kiraverse, said that a modular game ecosystem like Param is critical to laying the foundation for the next generation of Web3 games.
Why choose Param Labs?
Discussing the reasons for investment in detail, Anthony Anderson pointed out that Param Labs is different from most Web3 studios that focus on developing a single game. The team provides developers with various products and components through a modular ecosystem, allowing those who want to participate in Web3 Game teams can easily rely on these modules to develop, build, utilize and integrate Web3 functionality into their projects.
Prior to this funding round, the Param Gaming platform had more than 300,000 daily active users. Before this round of investment, the number of fans on the official account of social platform
Yat Siu, co-founder of Animoca Labs, and Banks, founder of Face Clan, who led the investment, also expressed their expectation that Param Labs can help realize the vision of a completely open virtual universe, redefining the common vision of games while also ensuring that gamers become in-game players. The true owner of the asset.
Remember to do "this step" to receive the airdrop
Previously, "CryptoCity" also introduced Param Labs' token airdrop activities. Users can obtain Param Points in tasks and various activities, and use them to redeem $PARAM token airdrops in the Param ecosystem.
The event is still ongoing. Interested citizens can watch the report below and participate in the airdrop event.
The must-do free airdrop is here! What is Param Labs that received top funding? "2 Steps" helps you earn points easily
If you are a player who has already participated, Param Labs may be launching tokens and completing airdrops in the near future. While the event is ongoing, the official also issued an X tweet to remind players to "remember to connect their wallets."
The method of wallet linking is also very simple. After clicking here to go to the Param official airdrop event page, find the avatar in the upper right corner and click it. You will see the option to link the wallet. Remember to complete it before the event ends, otherwise it is likely to be lost. Points are wasted.
Image source: Param
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[Disclaimer] There are risks in the market, so investment needs to be cautious. This article does not constitute investment advice, and users should consider whether any opinions, views or conclusions contained in this article are appropriate for their particular circumstances. Invest accordingly and do so at your own risk.
