About Parasol
Parasol is a company based in San Francisco (United States) founded in 2022 by Kai Chen was acquired by Mysten Labs in March 2025. It operates as a Blockchain-as-a-Service. Parasol offers products and services including Sui Backend, On-chain Collectibles, Player Management, and Marketplace APIs. Parasol operates in a competitive market with competitors including ParamLabs, Blockus, Alliance Games, N3MUS and Nexus Interactive, among others.
- Headquarter San Francisco, United States
- Founders Kai Chen
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Sectors
Media & Entertainment
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Parasol Technologies Llc
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Latest Funding Round
$150 K (USD), Grant
Jul 01, 2022
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Investors
Mysten Labs
& 1 more
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Employee Count
Not available
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Acquired by
Mysten Labs
(Mar 09, 2025)
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Products & Services of Parasol
Parasol offers a comprehensive portfolio of products and services, including Sui Backend, On-chain Collectibles, Player Management, and Marketplace APIs.
Applications are built without infrastructure or security concerns.
In-game currencies and tokenized items are dynamically issued.
Frictionless player authentication and managed wallets are provided.
Item trading and marketplaces are integrated into games.
People of Parasol
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Funding Insights of Parasol
Investors in Parasol
Parasol has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Mysten Labs and National Science Foundation.
| Investor | Description | Founded Year | Domain | Location |
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A government-backed foundation providing seed-stage investments to support small businesses.
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Web3 infrastructure solutions are offered via a blockchain platform.
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Locked | Locked | Locked |
Investor details for Parasol
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Investments & Acquisitions by Parasol
Investment portfolio details for Parasol
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Financial Statements - Parasol
Detailed financials for Parasol
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Parasol Comparisons
Peer comparison for Parasol
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Competitors of Parasol
Parasol operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as ParamLabs, Blockus, Alliance Games, N3MUS and Nexus Interactive, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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| Locked | Locked | Locked |
Developer of blockchain games
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Blockchain games are developed by Blockus for gaming studios' onboarding.
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Developer of blockchain based games
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Blockchain-based platform connects gamers to digital technology.
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Game development platforms are built for digital entertainment ecosystems.
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Various categories of games are developed by TOKYO GameFi studio.
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Detailed competitors of Parasol
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Latest news on Parasol
Complete news archive for Parasol
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Frequently Asked Questions about Parasol
Parasol was founded in 2022.
Parasol is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Kai Chen is the current CEO of Parasol. They have also founded this company.
Parasol is focused on delivering blockchain infrastructure solutions for the gaming industry. Scalable and secure systems are developed to support game growth, regardless of size. Revolutionary technologies are offered for building open and interoperable game worlds. Services include Sui Backend for application development, On-chain Collectibles for tokenized items, Player Management for authentication, and Marketplace APIs for in-game trading. The mission is centered on connecting the world through immersive entertainment by enabling storytelling in gaming.
Parasol's top competitors include Alliance Games, Nexus Interactive and N3MUS.
Parasol offers Sui Backend, On-chain Collectibles, Player Management, and Marketplace APIs.
Parasol has 2 investors. Key investors include Mysten Labs, and National Science Foundation.