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Overview
Parasol builds tools and devices that power the participatory internet built on web3. It provides hardware and software for developers and enterprises to design, deploy, and manage blockchain-enabled applications, launch networks for financial institutions and game economies, and secure digital asset ownership. The company differentiates itself by combining hardware with software to support large-scale, networked economies and to bring the next billion users onto web3. Its goal is to broaden global participation in web3 by delivering practical tools that help developers, enterprises, and institutions build, deploy, and safeguard blockchain-based applications and digital assets.
About Parasol
Industries
Data & Analytics
Hardware
Enterprise Software
Crypto & Web3
Company Size
1-10
Company Stage
Early VC
Total Funding
$2M
Headquarters
San Francisco, California
Founded
2022
Simplify's Take
What believers are saying
- Jokers Japan partnership targets international smartphone and web release summer 2025.
- Sui blockchain adoption accelerates as enterprise gaming clients integrate on-chain commerce.
- Mysten Labs acquisition provides capital and infrastructure support for platform expansion.
What critics are saying
- Mysten Labs acquisition locks Parasol into Sui exclusivity amid lower TVL adoption.
- Code of Joker launch failure damages credibility and triggers potential legal disputes.
- Competing smart contract platforms and Solana-based alternatives fragment developer market share.
What makes Parasol unique
- Parasol powers on-chain gaming infrastructure on Sui with SEGA-licensed Code of Joker: Evolutions.
- No-code platform enables creators to build NFT collections and manage distribution seamlessly.
- Revolutionary world-building technologies for open, scalable, interoperable games built on Sui.
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Funding
Total Funding
$2M
Above
Industry Average
Funded Over
1 Rounds
Company News
Although official updates clarified that no Pokémon NFTs were in development, speculation continues that Parasol may be working on blockchain-powered features for the franchise.
In an effort to inspire the development community, Parasol has launched Capybara Fusion, a cooperative game where players work together to repair a virtual world.
In an effort to support broader blockchain adoption within game development, Parasol has introduced a no-code platform that allows creators to build NFT collections and manage their distribution seamlessly.
Parasol, recently acquired by Mysten Labs, is at the forefront of this shift.
In an exciting development for blockchain gaming enthusiasts, Parasol, a subsidiary of Mysten Labs and contributor to the Sui network, announced the impending launch of the trading card game Code of Joker: Evolutions on the Sui blockchain.
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About Parasol
Industries
Data & Analytics
Hardware
Enterprise Software
Crypto & Web3
Company Size
1-10
Company Stage
Early VC
Total Funding
$2M
Headquarters
San Francisco, California
Founded
2022
There are no jobs for Parasol right now.
Find jobs on Simplify and start your career today