PRESS RELEASE
Leading cryptocurrency exchanges, including ByBit, Gate.io, BitGet, and MEXC, have officially listed Param Labs on their platforms. Param Labs recently hosted a successful staking campaign on ByBit’s launchpool, offering a total of $20,000,000 USDC worth of prizes. ByBit’s stake-and-earn competition resulted in the issuance of 600,000 PARAM tokens within the ByBit community, boasting an impressive 960% APR.
Gate.io has also announced that it will be giving away 40,000 PARAM tokens as part of its Web3 startup token airdrop. Additionally, both platforms have listed the PARAM token for spot trading pairs of USDC and USDT.
Param Labs has recently formed partnerships with major eSports gaming organizations, such as LoudGG and Chronic. These partnerships add to an already impressive portfolio that includes brands and retail giants like GameStop, as well as web3 leaders like Immutable X, Pudgy Penguins, and more.
The company has also achieved success in funding efforts, with investments from prominent firms such as Animoca Brands, Delphi Ventures, Cypher Capital, and more. Notable web3 personalities, including Ivan On Tech and Dingaling, have also made strategic investments in Param Labs. Even the CEO of the popular gaming organization FaZe Clan, ‘FaZe Banks,’ has shown support for the project.
Param Labs, led by co-founder and CEO Anthony Anderson, is an independent game development studio and infrastructure based in the UAE. The team has extensive experience working with companies like Activision, Epic, EA, Ubisoft, and more, generating over $40 million in EBITDA revenue. Currently, Param Labs focuses on Web3 game and infrastructure development.
The introduction of the PARAM token marks an exciting milestone for Param Labs, paving the way for its upcoming platform and further advancements in its gaming and entertainment ecosystem.
Bybit exchange expressed its enthusiasm about the project, stating, “ByBit is extremely proud to welcome another great project to our spot trading platform. $PARAM and Param Labs represent a bold new frontier in gaming infrastructure. Param Labs (PARAM) is now available on Bybit!”
Param Labs has generated over $4 million in revenue in the past 12 months, primarily from its flagship Pixel-to-Poly service, which enables the creation of game-ready assets and NFTs. The company’s flagship game, Kiraverse, currently has over 2 million registered users and 300,000 daily active users on the platform.
About Param Labs
Param Labs is at the forefront of leveraging artificial intelligence and blockchain technologies to revolutionize the gaming industry, which is valued at over $200 billion. By addressing key challenges and limitations in the sector, Param Labs is setting new standards for innovation and user engagement. The company’s ecosystem empowers gamers with digital ownership over their gaming assets and enables the creation of user-generated value. With a focus on seamless integration of Web3 technology and empowering individual creators and studios, Param Labs is transforming the way gamers interact with digital content. The team consists of experienced professionals from renowned companies such as Activision, EA, Ubisoft, and world-renowned artists Antoni and Marc Tudisco. For more information, visit www.paramlabs.io or follow on Twitter.
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