Param Labs Secures $7M from Animoca Brands and Other Investors for Web3 Gaming Infrastructure Development

Param Labs Secures $7M from Animoca Brands and Other Investors for Web3 Gaming Infrastructure Development

Param Labs, a leading game infrastructure provider, has secured a significant investment of $7 million in a funding round led by Animoca Brands along with support from Delphi Ventures, Cipher Capital, P2 Ventures (formerly Polygon Ventures), Mechanism Capital, Merit Circle, TRGC Capital, Double Peak Group, and MH Ventures. This strategic investment will fuel Param Labs' mission to develop cutting-edge infrastructure that empowers the growth and scalability of Web3 games. Param Labs has established itself as a pioneer in the Web3 gaming industry, providing innovative solutions for developers and publishers alike. The company's robust infrastructure enables seamless gameplay, player onboarding, and the creation of immersive virtual worlds. With this latest funding, Param Labs aims to further expand its offerings and accelerate the mainstream adoption of Web3 gaming. The funds will be strategically allocated to enhance Param Labs' core infrastructure, including its proprietary blockchain technology, game development tools, and player identity management systems. The company is committed to fostering a thriving ecosystem where developers can unleash their creativity and players can enjoy exceptional gaming experiences in the Web3 era. ---