Introduction to PARAM Coin and Param Labs' Vision
PARAM Coin is the native utility token launched by Param Labs, designed to power its modular, interconnected Web3 gaming ecosystem. Param Labs' vision is to revolutionize how players and developers create and capture value within gaming experiences, with a core emphasis on digital assets ownership and user-driven value creation.
Param Labs Company Background and Core Ecosystem
Param Labs is an innovative studio focused on AAA gaming and blockchain development, founded in 2021 by Anthony Anderson, with headquarters in the UAE and USA. The team members possess extensive experience from renowned gaming companies such as Activision, EA, and Ubisoft.
Param Labs is building a comprehensive gaming ecosystem, with its main products including:
- Kiraverse: A Web3 multiplayer third-person shooter game, currently in open beta. Players can battle, earn, and trade digital assets within the game.
- Pixel to Poly: An innovative service that converts 2D images into 3D game assets, compatible not only with Kiraverse but also with Web2 games like Grand Theft Auto V and Fortnite.
- Param L2/L3 Blockchain: An Ethereum Virtual Machine (EVM) compatible Layer 2 blockchain designed for enhanced scalability, utilizing a decentralized sequencer mechanism to provide efficient support for gaming applications.
PARAM Token Functions and Uses
The PARAM token plays multiple key roles within the Param Labs ecosystem:
- Governance: Token holders can participate in ecosystem governance decisions through a democratic voting mechanism.
- Ecosystem Revenue Sharing: Holders have the opportunity to share in the revenue generated by the ecosystem.
- In-game Payments: Used as a payment method for game modes such as "Wager Matches."
- Network Gas Fees: Used to pay transaction gas fees at the Param network level.
- Staking: Users can stake PARAM tokens to earn "Partner Points," which can be redeemed for tokens of other projects within the ecosystem in the future.
Recent Developments and Market Overview
Param Labs has garnered significant attention during its development. On May 16, 2024, Param Labs successfully completed a $7 million funding round, led by prominent blockchain game investment firm Animoca Brands, with participation from Delphi Ventures, Cypher Capital, and other institutions. The PARAM token claim opened on May 29, 2024, simultaneously launching its staking mechanism. Additionally, the platform introduced a limited Chronic skin NFT minting event within the Kiraverse game.
As of August 18, 2026, public market data for the PARAM token shows its current price at approximately $0.00004229. Its all-time high (ATH) reached $0.1795 (May 29, 2024), while its all-time low (ATL) was $0.00003105 (June 8, 2026). The current market capitalization is approximately $10,522.68, with a fully diluted valuation (FDV) of approximately $81,256.22. It is particularly noteworthy that the token's 24-hour trading volume is about $47.31, indicating extremely low market liquidity and very limited trading activity.
Param Labs boasts a large community base on social media, with over 2.5 million followers on X (Twitter), over 500,000 Discord users, and claims 300,000 daily active users.
Key Investors and Partners
Param Labs has received support from numerous well-known investment institutions, including lead investor Animoca Brands, as well as Delphi Ventures, Cypher Capital, P2 Ventures, Mechanism Capital, Merit Circle, TRGC Capital, Double Peak Group, MH Ventures, Polygon Ventures, and others.
In terms of partnerships, Param Labs has established a strategic investment and collaboration with Animoca Brands to jointly promote the Web3 gaming ecosystem. Additionally, it has a strategic IP partnership with Pixelverse, integrating Pixelverse characters into the Kiraverse game. Param Labs has also partnered with over 50 IP partners, including GameStop, Pudgy Penguins, and Mocaverse, and collaborates with major global esports organizations to foster the development of the Web3 esports ecosystem.
