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STAN, an emerging force in the Indian eSports landscape, has announced a strategic partnership with Aptos Labs, aiming to revolutionize the eSports fan engagement experience. This collaboration introduces a cutting-edge platform tailored for the massive gaming community in India, promising to leverage Aptos Labs’ advanced blockchain technology for enhanced scalability and performance.
The collaboration between STAN and Aptos Labs is set to cater to the vast number of gamers in India, estimated at around 500 million. The partnership is designed to offer these gamers a unique platform where they can engage directly with their favorite eSports personalities and streamers. The initiative taps into the power of Aptos, a blockchain project known for its impressive transaction speed of up to 160 transactions per second (TPS), to provide a seamless experience for users.
This platform is not just about watching games; it’s an immersive experience that allows fans to support their favorite players in new and exciting ways. Through the purchase of non-fungible tokens (NFTs), fans gain exclusive access to games, as well as opportunities for meet-and-greets and interviews with top gamers. This Web 2.5 platform is creating a community where gamers don’t just observe but actively participate in the eSports ecosystem.
STAN’s rapid growth in the Indian market is noteworthy. With 1 million Monthly Active Users (MAU) and 250,000 of them engaging in Web3 activities, STAN is at the forefront of blending gaming with blockchain technology. This approach has not only attracted a significant user base but also caught the attention of investors.
In a recent financial boost, STAN raised $2.7 million in a Pre-Series A funding round. The round saw contributions from notable investors including Aptos Labs, Pix Capital, Maelstrom Fund, GFR Fund, and General Catalyst, the latter having led a $2.5 million seed funding round for STAN in May 2022.
A spokesperson from STAN expressed excitement about the partnership, highlighting Aptos Labs’ contributions to the project’s scalability, security, and performance, stating:
“Their expertise in scalability, security, and performance are game-changers for our high-volume digital collectible and gaming needs. Aptos Labs’ cutting-edge technology and their commitment to the Indian gaming community further solidify this partnership as a win-win for both parties. We’re excited to unlock the full potential of Web3 gaming together.”
Mo Shaikh, co-founder & CEO of Aptos Labs, shared similar enthusiasm and said:
“Aptos Labs is excited to expand STAN’s reach globally as the platform empowers fans to engage, support, and connect with their favorite gaming heroes like never before,”