Param Labs, a gaming infrastructure developer, secured $7 million in funding in a heavily oversubscribed round led by Animoca Brands. Other investors include Delphi Ventures and Cypher Capital. The investment aims to address the lack of Web3 gaming infrastructure. Param’s CEO highlights the importance of modular ecosystems in advancing Web3 gaming. The funding precedes significant growth for Param’s gaming platform, with strategic investments from Animoca Labs and Face Clan.
