Key Takeaways
- PARAM Gaming is a Web3 gaming platform building an ecosystem for gamers.
- The project is currently developing the PARAM Network and will serve as the backbone for all transactions within the PARAM Gaming ecosystem.
- The project was developed by PARAM Labs, a UAE-based gaming and development studio.
What Is PARAM?
PARAM is a gaming ecosystem developed by Param Labs. Their focus is to be on innovation in the gaming industry, especially in these areas:
- Merging Multiplayer Experiences with Advanced Technology – They develop multiplayer games and create new technologies to enhance those experiences.
- Digital Asset Ownership – They want players to own their in-game items and potentially trade them.
- Bridging Web2 and Web3 – Web2 refers to the current version of the Internet we use, and Web3 is a new concept for a more decentralized Internet. Param Labs wants to make its gaming ecosystem work seamlessly between both.
Param Labs
Param Labs is a game and technology development studio focused on the next generation of gaming, specifically Web3 gaming.
Here’s a breakdown of what Param Labs does:
- Develops video games and infrastructure for Web3, a concept involving blockchain technology and digital game ownership.
- Creates Web3 multiplayer games, like their flagship title, Kiraverse, a third-person shooter.
- Offers tools for developers to build better Web3 gaming experiences.
- The studio has partnerships with over 50 IPs (intellectual properties), including big names like GameStop.
They also have recently received a strategic investment from Animoca Brands to develop their Web3 ecosystem.
PARAM Points Campaign
The PARAM Gaming ecosystem will have two in-game currencies: $PARAM and $KIRABUCKS.
The distribution of $PARAM tokens prioritizes ecosystem and community development (55%), focusing on airdrops. Early adopters and those contributing to the project are allocated 15% of the total supply.
As the $PARAM token nears its release, PARAM Labs has launched a points system called PARAM Points.
The PARAM Points system will provide ways to earn points through 51 social tasks. These involve following the project’s social media channels, interacting with their posts, and staying updated on their latest activities.
While the exchange rate for PARAM Points to $PARAM tokens has not been revealed yet, you can still participate by:
👉 STEP 1: Head over to https://paramgaming.com/#/points.
👉 STEP 2: Create an account to get started.
👉 STEP 3: Do the following social tasks.
👉 STEP 4: Monitor new social tasks.
👉 STEP 5: Wait for the Token Generation Event.
Final Thoughts
There is a constant wave of new Web3 gaming networks and projects, with some studios pushing the boundaries by creating AAA blockchain games. As this sector matures, blockchain gaming allows you to earn real-world value (crypto and NFTs) by playing the games you love.
