Blockchain Esports Fan Engagement Platform STAN Launches Web3 Community Marketplace in India: Details

STAN, the Bengaluru-based esports fan engagement platform, announced the launch of a community marketplace on Thursday. The goal of this marketplace is to create a one-stop destination for blockchain gaming fans to trade digital collectibles. These non-fungible tokens, or NFTs, can be traded on the blockchain for free. The community market will provide a liquidity solution to holders of STAN assets, according to the platform. The blockchain-based fan engagement service will provide insights that will allow NFT traders to study and analyze which trades will be more profitable than others.

In order to boost the trend of trading digital collectibles, STAN claims that it allows free exchange of digital collectibles such as NFTs, even for on-chain transfers.

Free Fire creators in India such as PVS Gaming, Rocky and RDX, Madhu Pennem Gaming, Assassins Army, Black Flag Army, Gaming with Laila, TSG Legend and Non-Stop Army have been enlisted by STAN as exclusive partners. They will introduce NFTs related to their games for the new market.

The platform seeks to broaden the growth avenues of the Web3 x Influencer economy in India.

“We look forward to seeing the esports community in India flourish through our platform. On Community Marketplace, fans will be able to list their collectibles through fixed price sales or auction effortlessly without paying transaction fees. to STAN. With respect to the transaction, it will be executed automatically once price requirements or other transaction conditions are met,” STAN co-founder and chief product officer Shubham Gupta said in a statement. press release prepared.

STAN estimates that the number of online gaming users in India could increase by nearly 50%, from 481 million in 2022 to over 657 million by 2025.

In October 2022, STAN announced the rollout of its Official NFT Series and Limited Digital Collectibles (LDCs).

In May last year, the platform managed to secure $2.5 million (around Rs. 20 crore) equity funding in a funding round. Super angel investors such as Aadil Mamujee of OpenSea and Nakul Gupta of Coinbase participated in this round at the time.

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