Gaming platform Param Labs completes $7 million financing, led by Animoca Brands

BlockBeats reported that on May 16, Param Labs, a UAE-based gaming platform, completed a $7 million financing round led by Animoca Brands, with participation from Delphi Ventures and Cypher Capital.

Param Labs aims to build a gaming ecosystem governed by its native PARAM token, which will be launched soon. The company’s first game, “Kiraverse,” is a multiplayer shooter game that allows players to earn money while playing.