Param Labs and Animoca Brands enter into an exclusive partnership to support the former’s go-to-market strategy, which includes the introduction of Web3 products. In addition, the development of Param Lab’s blockchain and token economy architecture is being improved. Animoca Brands promotes digital property rights related to the open metaverse and gaming, while Param Labs is a leading participant in the technology and gaming industries.
Param Labs is a development studio headquartered in Abu Dhabi that specializes in creating infrastructure and video games for the next generation of gaming. The portfolio includes the Web3 TPS Kiraverse and the leading platform Pixel To Poly, which converts 2D NFTs into 3D game-ready files for use in Fortnite Creative Mode, Grand Theft Auto V and other titles.
Param Labs is providing its Pixel To Poly platform to Animoca Brand to facilitate the selection of its projects and clientele as part of the partnership. This facilitates the conversion of 2D art into 3D game-ready assets. This includes the application of artificial intelligence to refine the evolving pattern and improve design proportions.
In addition to its Litepaper detailing gaming economics and its framework, Param Labs is preparing for a number of exercises, including the release of a free-mint NFT. Implementing Param Lab’s innovative Web3 infrastructure includes a network of Layer 2 and Layer 3 services running on parallel VMs such as Move and SVM.
The collaboration represents a significant milestone for both Param Labs and the Web3 gaming ecosystem in the MENA region. Param Labs, backed by Animoca Brands, is ready to make strides in the Web3 and gaming industries.
Anthony Anderson, Founding Partner of Param Labs, claims that the partnership with Animoca Brands will provide the opportunity to rise to the pinnacle of the gaming industry as a whole.
Yat Siu, co-founder and executive chairman of Animoca Brands, claims that collaboration with Param Labs will facilitate the expansion of digital property rights within the gaming industry.
Param Labs is known for its application of blockchain and AI technologies to advance the gaming industry, which is currently worth a whopping $200 billion.
Regarding Animoca Brands, the organization is a Web3 giant that uses blockchain technology to distribute digital rights to consumers around the world to create the open metaverse.