Param Labs and Animoca Brands Join Forces to Revolutionize Gaming Industry in MENA and Beyond
Param Labs, a pioneering figure in game and technology development, and Animoca Brands, a frontrunner in advancing digital property rights for gaming and the open metaverse, have officially announced a strategic partnership today.
This collaboration aims to harness Animoca Brands’ expertise to enhance Param Labs’ go-to-market strategy, particularly in the realm of launching innovative Web3 products, and to refine Param Labs’ blockchain and token economy design.
Param Labs, headquartered in Abu Dhabi, is a development studio dedicated to crafting video games and infrastructure to propel the next era of gaming.
Among its standout products are Kiraverse, a Web3 TPS, and Pixel To Poly, a premier platform for converting 2D NFTs into 3D game-ready files for utilization in games like GTA V and Fortnite Creative Mode.
As part of this collaboration, Param Labs is introducing its Pixel To Poly platform to handpicked Animoca Brands’ projects and portfolio companies, enabling the seamless transformation of 2D art into 3D game-ready assets.
We’ve partnered with @ParamLaboratory to advance the gaming industry in MENA and beyond. Together, we'll refine Param Labs' economy design, bolstering its go-to-market strategy for its products like @KiraverseGame & @PixelToPoly.🦾https://t.co/N6NL1oFljU pic.twitter.com/PKf7H1JChm
— Animoca Brands (@animocabrands) February 14, 2024
This service aims to revolutionize game asset creation by utilizing AI to expedite the transition to advanced design dimensions.
Param Labs is gearing up for numerous exciting initiatives, including a free-mint NFT launch and the publication of its litepaper, which will elaborate on its game economy and infrastructure.
This encompasses a network of Layer 2 and Layer 3 solutions with parallelized VMs such as Move and SVM, leveraging Param Labs’ innovative Web3 framework utilizing modular blockchain architecture.
This partnership marks a significant leap for Param Labs and the broader Web3 gaming ecosystem in MENA.
With the backing of Animoca Brands, Param Labs is poised to carve out new frontiers in the Web3 and gaming sectors.
Anthony Anderson, founding partner of Param Labs, expressed his enthusiasm about the partnership, stating, “We’re thrilled to announce a partnership that accelerates Param Labs and the entire gaming industry. United with Animoca Brands by a shared vision of ensuring gamers derive true value from their gaming experiences, this collaboration marks a pivotal step in redefining the gaming landscape.”
Yat Siu, co-founder and executive chairman of Animoca Brands, echoed this sentiment, saying, “We’re excited to partner with Param Labs to advance digital property rights in gaming, bringing us a step closer to realizing the vision of the truly open metaverse. This collaboration aligns with our shared vision to redefine the gaming landscape, ensuring that gamers are the true owners of their digital assets. Together, we’re working to transform the industry, emphasizing the value of gamer experiences and ownership.”
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