Overview
Parabox was the first metaverse built on Radix, developed by Parabox Studios and since disbanded. It was announced in 2022 as a traversable virtual world, free to play, in which players could bring digital assets they already owned into a 3D environment. An early walkthrough of the build survives as a community video, Parabox Genesis Plaza first look.
The stated ambition was a self-sustaining Web3 virtual world owned, operated and extended by its own community, with the world’s assets held on a distributed ledger so that no single operator could switch a player’s holdings off. Both the world and the studio behind it are gone; what follows records what was built and what remains readable on-ledger.
Genesis Avatars and $PARA
Parabox opened with 10,000 Genesis Avatars (GAT), voxel avatars intended as the first playable NFT characters on Radix and usable across every Parabox experience. Reserving one cost 300 XRD. Because the sale ran before Babylon brought smart contracts to Radix, buyers received a fungible placeholder token, GENAV, that was to be redeemed for the avatar NFTs afterwards. GAT was to be split 80% to the community that bought in and 20% to the project’s developers. This wiki has not established that the redemption ever ran, and records no resource address for a Genesis Avatar collection.
$PARA was the in-world currency, described by the project as a shared treasury token across several Parabox DAOs and as the unit for trading, prize pools, galleries and events. The distribution this page has carried since 2022 – 80% to initial GAT holders, 0.5% seeded to Ociswap alongside 50,000 XRD of liquidity, and just under 40% to developers – does not reconcile: those shares total more than 120% of the supply. The source they were taken from is no longer reachable, so the error cannot be traced back and the figures should not be relied on.
On-ledger status (18 August 2026)
The $PARA resource resource_rdx1tkvnqnrukez9nldufuvgl2ehv84gu4qk0wa67j8666zsuvgysh3wla outlived its studio, and it will keep doing so. Read from the Radix Gateway at epoch 336,030 on 18 August 2026, it holds a fixed supply of 2,500,000,000; minting, burning, freezing and recall are all denied, and the authority rules are locked. Nobody can change any of it, the studio included.
Nothing has moved for over nine months. The most recent transaction referencing the resource is txid_rdx1zehh5yt7nj8j…t70cz9dqyrtq08, committed 7 November 2025 – a purchase of roughly 667,000 $PARA for 20 XRD against the token’s pool. The Ociswap listing, live since 6 October 2023, showed about $2.85 of liquidity on the same read, with zero volume over both 24 hours and 7 days.
That is what a closed project looks like from the ledger side: the contract answers, the market does not, and no one is left to speak for either. The distinction between this and dormancy is set out on Radix Ecosystem Operational Status.
External links
- $PARA on RadixScan – the live resource
- Parabox metaverse announced – Esports.net, 2022
- Parabox Genesis Plaza first look – community walkthrough video