Blockchain Esports Platform STAN Launches Community Marketplace In India

Bengaluru-based esports fan engagement platform STAN on Thursday announced the launch of a community marketplace. The marketplace aims to create a one-stop destination for blockchain gaming fans to trade digital collectibles. These non-fungible tokens, or NFTs, are freely tradable on the blockchain. According to the platform, Community Markets will provide a liquidity solution to STAN asset holders. 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.

To drive the trend of digital collectibles merchandise, Stan says it also allows for free trading of digital collectibles such as NFTs for on-chain transfers.

STAN has partnered with Free Fire creators like PVS Gaming, Rocky & RDX, Madhu Penem Gaming, Assassins Army, Black Flag Army, Gaming with Layla, TSG Legends and Non-Stop Army as exclusive partners in India. they will introduce nft Relating their games to the new market.

Platform’ is looking to expand growth opportunities.web3 x Economy of Influencer in India.

“We can’t wait to watch the e-sports community flourish in India through our platform. On the community marketplace, fans will be able to list their collectibles through fixed price sales or auctions without paying STAN any trading fees. As far as the trade is concerned, it will be automatically executed once the price requirement or other conditions of the trade are met,” Shubham Gupta, co-founder and head of product at STAN, said in a prepared statement.

STAN estimates that the number of online gaming Users in India are expected to grow by almost 50 percent from 481 million in 2022 to over 657 million by 2025.

Back in October 2022, STAN announced the roll out of its official NFT and Limited Digital Collectibles (LDC) series.

In May last year, the platform managed Safe Equity funding of $2.5 million (approx Rs 20 crore) in the funding round. Super angel investors like Adil Mamuji from OpenSea and Nakul Gupta from Coinbase participated in this seed round at that time.

Cryptocurrency is an unregulated digital currency, not legal tender and subject to market risks. The information provided in the article is not intended to constitute financial advice, trading advice or advice or recommendation of any kind offered or endorsed by NDTV. NDTV shall not be responsible for any loss resulting from any investment based on any purported recommendation, forecast or any other information contained in the article.