Echelon Prime (PRIME) is the core utility and governance token within the Echelon ecosystem, a Web3 platform focused on advancing blockchain-based gaming. It allows users to earn PRIME through play-to-earn (P2E) games like Parallel TCG, stake tokens for benefits, and unlock exclusive services through token-based access. The platform also allows token swaps across different blockchain networks.
Echelon Prime offers developers robust tools for creating blockchain-based games and building their own NFT protocols for digital asset ownership and transferability. Echelon Prime primarily provides scalability, security, and interoperability for all Web3 gamers and builders.
The project is led by the Echelon Prime Foundation, a non-profit organisation with partnerships like B3 and Parallel TCG, driving its scalability in Web3 gaming. In March 2024, Parallel Studios raised US $35 million from investors, including Distributed Global and Solana Ventures, building on a US $50 million funding round from 2021.