Param Labs Raises $7 Million to Revolutionize Web3 Gaming Infrastructure

Gaming infrastructure developer Param Labs has secured $7 million in a heavily oversubscribed funding round. Led by crypto venture capital firm Animoca Brands, the round also saw participation from Delphi Ventures, Cypher Capital, P2 Ventures (formerly Polygon Ventures), Mechanism Capital, Merit Circle, TRGC Capital, Double Peak Group, and MH Ventures. The funds will tackle one of Web3 gaming’s biggest challenges: the lack of foundational infrastructure. Anthony Anderson, CEO of Param Labs and Kiraverse, emphasized the importance of modular gaming ecosystems in establishing the foundation for future Web3 games. Anderson told Cointelegraph, “Unlike most Web3 studios that focus on developing single