PARAMETA Service is here to make Web3 transformation quick and simple.
PARAMETA has launched PARAMETA Service, a set of building blocks that makes it quick and easy to run a Web3 business.
PARAMETA Service lets existing Web2 services and businesses assemble and adopt core Web3 elements — wallets, NFTs (non-fungible tokens), STO (security token offering) and more — without friction, opening up room to expand by building a Web3 community ecosystem. If PARAMETA, unveiled last June, is a blockchain framework for building custom Web3 platforms and services tuned to each business, PARAMETA Service applies Web3 elements through API integration with no infrastructure of your own to stand up, cutting the time and cost of Web3 transformation dramatically.
PARAMETA Service breaks down into four parts: PARAMETA W, PARAMETA N, PARAMETA S and PARAMETA T.
- What makes up PARAMETA Service
- ■ PARAMETA W - Wallet as a Service
- ■ PARAMETA N - NFT as a Service
- ■ PARAMETA S - STO as a Service
- ■ PARAMETA T - Token Management as a Service
PARAMETA W - Wallet as a Service
A trusted custody-based key management service, PARAMETA W uses DID (Decentralized Identifier) and PDS (Personal Data Storage) technology to keep personal identity and data safe, and delivers a powerful, easy-to-use Web3 wallet with a smooth UX for industries such as finance and gaming across both Web2 and Web3 businesses.
PARAMETA N - NFT as a Service
Supports the entire NFT distribution journey, starting with fast and simple NFT issuance.
PARAMETA S - STO as a Service
Enables fractional management of real-world assets using tokens, supporting investment and fractional ownership management.
PARAMETA T - Token Management as a Service
Covers management from token issuance through lockup, distribution and circulation monitoring. Because tokens are issued to a specification that supports interchain, no separate bridge service is required — which makes for a service with very high security and stability.
PARAMETA Service supports a range of chains depending on what a service needs: EVM (Ethereum Virtual Machine) chains such as Ethereum, Polygon and Binance; Cosmos-based chains such as XPLA; ICON-based chains such as ICON and HAVAH; and Solana.
PARAMETA Service also ships as an integrated package that includes the tools needed to manage and operate each service smoothly, so every operator can run Web3 services and businesses tuned to their own needs. That includes developer-friendly modern technology and development tools, token governance design and consulting for Web3 business.
PARAMETA is already running Web3 transformation projects through PARAMETA Service with companies and institutions across a range of fields — a social network with one million monthly active users (MAU), mobility, intellectual property, real estate, finance and more — and some will be announced soon.
As Web3 transformation picks up speed, we saw the need for modular services that existing operators struggling to expand into Web3 can approach more easily and apply simply at the service level.
JH Kim, CEO of PARAMETA
Backed by full-stack blockchain and Web3 technology that applies across the Web3 landscape, and by the know-how of applying it exceptionally well in many industries, we will do our best to help our partners succeed in Web3.
[Reference] Read the full PARAMETA press release ▼
https://www.parametacorp.com/promotion/?uid=197&mod=document
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Web3 Enabler, PARAMETA