Animoca Brands Invests in UAE Gaming Infrastructure Startup Param Labs

According to Foresight News, Animoca Brands has completed a strategic investment in UAE gaming infrastructure startup Param Labs, with the investment amount undisclosed. The funding will be used to accelerate Param Labs' scalable Web3 infrastructure and expand its ecosystem, which includes over 50 intellectual property partners. The investment also extends Animoca Brands' business in the Middle East and North Africa. Param Labs is a game development company specializing in multiplayer blockchain games and AAA design. Its game Kiraverse is a third-person shooter multiplayer Web3 game. The company also offers the Pixel to Poly service, allowing gamers to convert 2D images into 3D playable characters.