What’s Next for Digital Property Rights? Param Labs and Animoca Brands Set New Standards

Param Labs, a leader in developing innovative games and technology, has teamed up with Animoca Brands, a company known for advancing digital property rights in gaming and the open metaverse. This partnership focuses on enhancing Param Labs’ approach to market, especially in the sphere of Web3 product launches, and improving its blockchain and token economy designs.

What You Need to Know

• Param Labs and Animoca Brands have formed a strategic partnership to enhance Param Labs’ market strategy for Web3 product launches and improve blockchain and token economy designs.
• This collaboration will introduce Param Labs’ Pixel To Poly platform to Animoca Brands’ projects, enabling the transformation of 2D art into 3D game-ready assets using AI, which aims to simplify and expand game development capabilities.
• The partnership marks a significant move in the MENA region’s Web3 gaming ecosystem, with initiatives including a free-mint NFT launch and the publication of a litepaper detailing Param Labs’ gaming economy and innovative infrastructure.

From its base in Abu Dhabi, Param Labs specializes in creating video games and infrastructure aimed at the next wave of gaming. Its notable projects include Kiraverse, a Web3 TPS game, and Pixel To Poly, a platform designed to convert 2D NFTs into 3D game-ready files. These files are then made compatible with major gaming platforms such as GTA V and Fortnite Creative Mode, demonstrating a new level of innovation in game asset creation.

Under this new collaboration, Param Labs will introduce its Pixel To Poly platform to selected projects within the Animoca Brands network. This move aims to transform the way game assets are created by using AI to convert 2D artwork into 3D game-ready assets, simplifying the design process and expanding the possibilities for game development.

In addition to this, Param Labs is set to unveil a number of initiatives aimed at enriching the Web3 gaming landscape. These include the launch of a free-mint NFT and the publication of a litepaper that will outline its gaming economy and infrastructure. The infrastructure is built around a combination of Layer 2 and Layer 3 solutions, incorporating parallelized VMs like Move and SVM, all based on Param Labs’ Web3 framework which uses a modular blockchain architecture.

This collaboration marks a significant step for Param Labs and the Web3 gaming sector, especially in the MENA region. With the support of Animoca Brands, Param Labs is well-equipped to introduce new technologies and concepts that will change the gaming and Web3 industries.

Anthony Anderson, founding partner of Param Labs, expressed his excitement about the partnership: “We’re thrilled to announce a partnership that accelerates Param Labs and the entire gaming industry. United with Animoca Brands by a shared vision of ensuring gamers derive true value from their gaming experiences, this collaboration marks a major step in redefining the gaming landscape.”

Yat Siu, co-founder and executive chairman of Animoca Brands, also shared his perspective on the collaboration: “We’re excited to partner with Param Labs to advance digital property rights in gaming, bringing us a step closer to realizing the vision of the truly open metaverse. This collaboration aligns with our shared vision to redefine the gaming landscape, ensuring that gamers are the true owners of their digital assets. Together, we’re working to transform the industry, emphasizing the value of gamer experiences and ownership.”