At its core, Param Labs operates a multifaceted gaming ecosystem encompassing:
- Kiraverse: This flagship title is a multiplayer third-person shooter that incorporates blockchain elements to enhance player engagement and ownership.
- PixelToPoly: An innovative AI-powered tool that transforms 2D images into 3D game assets, facilitating easier content creation for developers.
- Param Network: A dedicated Layer 2 blockchain focused on scalability, ensuring high-performance transactions for an enriching gaming experience.
- Developer SDKs: A suite of tools designed for developers to create Web3-compatible games and applications, streamlining the process of entering the blockchain gaming space.
The PARAM token is pivotal within this ecosystem, serving multiple functions:
- It is used to pay gas fees for transactions on the network.
- It allows users to participate in governance through decentralized proposals.
- It provides staking rewards and additional ecosystem incentives.
- The token is also utilized for minting NFTs and trading in-game assets.
