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Param Labs and Pixelverse Announce Strategic Partnership

Param Labs and Pixelverse partner to integrate Pixelverse's characters into Kiraverse, rewarding players with valuable game assets.

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Eliza Crichton-Stuart

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Param Labs and Pixelverse Announce Strategic Partnership

Param Labs, an independent game and infrastructure development company, has announced a strategic cross-IP partnership with Pixelverse, a cyberpunk quest-based browser game, and Telegram mini-app.

The collaboration aims to integrate the Pixelverse IP into Param Labs' upcoming shooter game, Kiraverse, enhancing the game's narrative and expanding its universe. In this article, we will cover everything you need to know about the partnership. 

Param Labs and Pixelverse Announce Strategic Partnership

Param Labs and Pixelverse Announce Strategic Partnership

Play-To-Airdrop Token Rewards

The partnership is focused on rewarding dedicated players by ensuring a fair distribution of their respective tokens. Moving away from traditional airdrop models, Param Labs and Pixelverse are focusing on providing more utility through game asset rewards, placing tokens in the hands of active players.

This approach aims to foster a vibrant and engaged web3 gaming community. Kirill, CEO of Pixelverse, commented on the collaboration: “Collaborating with Param Labs brings real utility to the web3 community. We are excited for our players to enjoy their favorite characters in Kiraverse, reflecting the true spirit of web3 integration.” 

Param Labs Raises $7 Million in Funding for Kiraverse

Kiraverse Game Art

Cross-Game Assets

One of the key features of this cross-game assets partnership is the integration of Pixelverse’s characters into Kiraverse. This will allow Pixelverse’s 500,000 monthly active users to play with their favorite character skins in Kiraverse, enhancing the gaming experience.

By leveraging each other’s strengths and communities, both partners aim to provide value and engagement opportunities for their user bases. Through this partnership, Param Labs and Pixelverse hope to drive mass adoption and create a more engaging and rewarding gaming experience for players worldwide.

Param Labs Raises $7 Million in Funding for Kiraverse

Kiraverse Logo and Game Art

More About Param Labs

Param Labs is an independent game and infrastructure development company dedicated to creating immersive and innovative gaming experiences. Recently, Param Labs secured $7 million in funding during an investment round led by Animoca Brands, with contributions from notable VCs such as Delphi Ventures and Mechanism Capital. Focused on web3 technologies, Param Labs is at the forefront of the gaming industry’s evolution.

Param Labs Raises $7 Million in Funding for Kiraverse

Param Labs $7 Million in Funding

More About Pixelverse

Pixelverse is a cyberpunk-themed browser-based game, and Telegram mini-app. The game ecosystem is known for its engaging gameplay and commitment to web3 integration. Featuring a robust anti-cheat system, Pixelverse aims to offer a low-barrier entry game to onboard users into web3, providing true ownership of in-game assets and rewarding dedicated players.

pixelverse game house.png

Pixelverse Gameplay

The collaboration between Param Labs and Pixelverse marks a significant step in the web3 gaming space, promising a more integrated experience for gamers and paving the way for future innovations in the industry.


Investments

updated:

May 29th 2024

posted:

May 28th 2024

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