How STAN builds the world of NFT around esports in BGMI (PUBG), Free Fire, etc.

do you know that esports – A form of organized and multiplayer video game – Is it fast becoming popular in India?

In fact, revenue from the Indian esports market is expected to grow from 250 crores in 2021 to me 1,100 crores in 2025according to Counting data.

Gamers, streamers, professional esports players and fans who play and watch esports are contributing to this growth, along with the huge popularity of games like Battlegrounds Mobile India (BGMI), Gareena Free Fire, etc.

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At first stanThe growing esports market provides an opportunity to create a platform for esports enthusiasts, game creators and gamers to collect, play and interact with their favorite esports influencers, earn related gaming collectibles, earn rewards, etc.

never b Parth Chadda, Akshat Rathi, Rahul Singh, Shubham Gupta, Noman MullahSTAN also allows users to get signed merchandise from esports celebrities, allowing them to visit creators training camps or broadcasts, meet them on Instagram, join them face-to-face to clubs, and more.

STAN platform built on top of ribbed blockchain, enabling the participation of its users through playable, loopable layers on the platform.

In an interview with The story collapsed “Esports players have become celebrities and have built huge fan bases with millions of subscribers,” says Barth. “We have seen the growing need to connect esports fans with their idols. Until now, it has only been possible to go on YouTube and donate to players, while Patreon is not focused on gaming.”

He adds, “For STAN, blockchain is the technology that enables trust and ownership of assets, such as officially licensed NFTs for esports players. End users can not only collect NFTs, but also use them in games on the DAW and higher level platform to earn rewards.”

An illustration of the STAN application

Crossroads of Web3 and Sports

stanstarted in 2022Starch 2.5 million dollars During a round table in May.

led the round general catalystTogether with other venture capitalists, including better capital And the Eximius Projects.

Angels like Aadil Mamujee from open sea Also participating in the round was Coinbase’s Nakuul Gupta.

STAN has not yet launched its large-scale platform, but has already signed with 60+ big name In the world of Indian esports. Some of them include player names like Jonathan, 4200P, Roxx, Neyo, Attanki, etc.

Although some Indian startups are exploring business opportunities at the intersection of sports and Web3, STAN appears to be taking a different approach.

tastes rario And the scary He bet heavily on Cricket NFTs, which are based on real cricketers playing physical sports.

However, STAN focuses on esports players – the digital counterparts to physical players. And in the world of esports, the possibilities are almost endless as players can achieve more in action-packed games like Call of Duty, Fortnite, BGMI, and more. Which is not possible in real life.

The gaming industry shifts to Web3

It is a well known fact that India has a large number of online players. Around 433 million subordinate 846 million Internet users play games in India, but the vast majority of them do not play esports.

However, with esports becoming increasingly popular, STAN is looking to tap into the influx of esports enthusiasts and cater to the current group of gamers. To do this, Barth admits that a Web3-only approach will not work.

“Esports games, NFTs, and other assets are not available for cryptocurrency traders to buy and sell. They are aimed at gaming enthusiasts, who don’t really need to know whether the assets are tangible or non-fungible. So we follow.”Web Policy 2.5 Where we find the middle ground between applying traditional gaming/esports principles and blockchain technology, says Barth.

what does it mean?

Parth explains that Web 2.5 is an easy way to take Web2 esports fans into the world of Web3. On STAN, users can purchase in-game coins by paying in fiat (INR). Then they can use in-game currency to purchase on-chain items such as NFTs.

“This is different from other projects, which typically require users to have a Web3 wallet like MetaMask and link it to the gaming platform,” Barth says.

future plans

After purchasing NFTs, users can hang out and interact with the STAN world, which will feature more games over time. With more time and achievements spent, users can upgrade their NFTs, which they can sell on DAW . Market An upcoming initiative.

Ultimately, STAN should be both a share/benefit layer and an economic layer. So we’re building one game at a time to bring more interest to the NFTs, as well as the market to trade them,” says Barth.

Going forward, STAN plans to continue growing its community of celebrities and esports enthusiasts and open up many possible revenue channels.

Some potential income sources for STAN . include Branding opportunities, sale of rights to use game assets, increased engagement for Web2 streaming platforms, launch of its NFT suite, and more.

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