CXOToday has engaged in an exclusive interview with Mr. Parth Chadha, CEO and Co-Founder, Stan
- From Web3 gaming adoption to NFTs: How STAN enhances esports experience
At STAN, we are committed to providing our users with the most authentic and engaging gaming experience possible. To achieve this, we have built our platform on blockchain technology, which enables us to provide unparalleled authenticity and security for all of our games and products. By leveraging the power of blockchain, we are able to ensure that all of our in-app products, including NFTs and Trump cards, are genuine and cannot be duplicated or manipulated.
Furthermore, the blockchain technology used in our platform allows for the easy transfer of products, enabling users to buy, sell, and trade their NFTs and other in-app assets with ease and transparency. Unlike traditional in-game purchases or collectibles, our blockchain-based products have no expiration date and are fully transferrable, making them valuable assets that users can hold onto indefinitely.
In addition to our commitment to authenticity and security, STAN is also dedicated to enhancing the esports experience for our users. We provide numerous engagement levers that allow fans to connect with their favorite creators on a more personal level. For example, users have the opportunity to meet their favorite creators in person, play games with them, and even redeem official merchandise from the creators themselves. These unique opportunities help to foster deeper connections between creators and fans, creating a more immersive and rewarding gaming experience for all.
Overall, STAN is revolutionizing the way that users engage with their favorite creators and esports platforms. By leveraging blockchain technology and providing unique engagement opportunities, we are creating a platform that is not only authentic and secure but also engaging and fun for all users.
- Becoming a ‘stand-out’ FAN with STAN: How STAN is giving the chance to meet your favorite esports player in Battle Royale games
The STAN platform has been designed to provide an incentive for true fans of creators by offering them multiple opportunities to engage with their favorite creators on various levels. Through STAN, fans have the chance to participate in a wide range of activities that enable them to connect with creators in more meaningful ways, including exclusive gaming sessions with the creator, the opportunity to obtain signed merchandise, a chance to meet the creator in person, access to exclusive creator-held voice room sessions, and much more.
By providing these unique opportunities, STAN is not only fostering deeper connections between creators and their fans but also enhancing the overall experience for both parties. Fans are able to engage with their favorite creators in ways that were previously unavailable, while creators can interact more closely with their most loyal supporters and build a stronger sense of community around their work. This in turn helps to strengthen the creators’ brand and reputation and can lead to increased exposure and growth opportunities.
The STAN platform recognizes that true fans are the lifeblood of any creator’s success, and by providing them with exclusive opportunities to engage with their favorite creators, STAN is creating a win-win situation for both creators and their fans. As such, STAN is poised to revolutionize the way that creators and their fans interact and to set a new standard for engagement and community building in the digital era.
- How is India’s Gaming ecosystem dominating as a global hub for adoption?
India’s gaming ecosystem has been growing rapidly over the past few years and has emerged as a global hub for adoption. Here’s why we think so-
Large and Young Population: India has a massive population of over 1.3 billion people, with a majority being under the age of 35. This young and tech-savvy demographic is highly engaged with gaming, making India one of the largest gaming markets in the world.
Rising Smartphone Penetration: With the proliferation of affordable smartphones and high-speed internet, India has become the second-largest smartphone market in the world. This has led to a surge in mobile gaming, which is the most popular form of gaming in the country.
Localization: Indian game developers have focused on creating games that are tailored to the Indian market. Games that incorporate Indian mythology, culture, and languages have been very successful in capturing the attention of Indian gamers.
Government Support: The Indian government has been actively supporting the gaming industry by providing incentives, tax breaks, and other benefits to game developers. The government has also recognized gaming as an industry, which has led to the creation of gaming parks and incubation centers.
Talent Pool: India has a large and highly skilled pool of game developers, designers, and artists. This talent pool has been instrumental in creating high-quality games that are globally competitive.
E-sports: The e-sports industry in India has been growing rapidly, with increasing participation and interest from gamers and investors alike. The rise of e-sports has helped to increase the popularity of gaming and has contributed to the growth of the gaming ecosystem in India.
India’s gaming ecosystem has become a global hub for adoption due to a combination of factors including a large and young population, rising smartphone penetration, localization, government support, a talented pool of developers, and the growth of e-sports. These factors have contributed to the growth and success of the gaming industry in India, making it one of the most promising markets for game developers and investors worldwide.
- How are gaming creators expanding their revenue and monetization portfolio via Web3 platforms?
NFTs (Non-Fungible Tokens): Gaming creators are using NFTs to create unique in-game items, such as weapons, skins, and other virtual assets that can be bought and sold on blockchain-based marketplaces. This allows creators to earn revenue through the sale of these NFTs, as well as provide a new level of ownership and authenticity for gamers.
Play-to-Earn: With Web3 platforms, gaming creators can create games that allow players to earn cryptocurrency or other digital assets while playing. This creates a new revenue stream for creators, as well as an incentive for players to engage with the game.
DeFi (Decentralized Finance): Some Web3 platforms are integrating DeFi protocols, which allow for decentralized lending and borrowing of cryptocurrency. This can enable gaming creators to access capital for game development or other projects, as well as earn interest in their cryptocurrency holdings.
Metaverse: The concept of a Metaverse, a fully immersive virtual world, has gained popularity in the Web3 ecosystem. Gaming creators can leverage this concept to create new revenue streams, such as virtual real estate or advertising opportunities within the Metaverse.
Tokenization: Gaming creators can tokenize their game assets, such as characters or levels, and sell them as tradable assets on blockchain-based marketplaces. This allows for a new level of ownership and value for gamers, as well as a new revenue stream for creators.
Web3 platforms provide gaming creators with new opportunities for monetization through NFTs, play-to-earn, DeFi, Metaverse, and tokenization. By leveraging these technologies, gaming creators can create new revenue streams, engage with their community in new ways, and potentially unlock new levels of growth and success.
- How is influencer gaming helping in revolutionizing esports in India?
Influencer gaming has played a significant role in revolutionizing esports in India. Here are some ways in which influencer gaming has helped to transform the esports landscape in India:
Increased awareness and popularity: Influencer gaming has helped to increase awareness and popularity of esports in India. Popular gaming influencers have millions of followers on social media platforms such as YouTube, Instagram, and Twitch, who tune in to watch them play games and participate in tournaments.
Boosted engagement: Influencer gaming has also boosted engagement among gamers and fans in India. Gaming influencers host live streams, participate in gaming events, and engage with their fans on social media, which has helped to create a thriving community of gamers in India.
Greater investment and sponsorship: As a result of the increased popularity and engagement of esports in India, there has been a greater investment and sponsorship of esports events and tournaments. Brands and companies are now more willing to invest in the Indian esports ecosystem, which has helped to create a more sustainable and lucrative industry.
Improved infrastructure and facilities: With the growing popularity of esports in India, there has been a significant improvement in infrastructure and facilities for gaming. This includes the development of gaming arenas, training facilities, and gaming gear, which has helped to create a more professional and competitive environment for esports in India.
Talent development: Influencer gaming has also helped to develop and nurture talent in India’s esports ecosystem. Many aspiring gamers look up to gaming influencers as role models and learn from their gameplay and strategies, which has helped to create a new generation of skilled and competitive esports players in India.
- How can NFTs help in engaging gamers in esports?
Unique in-game items: NFTs can be used to create unique in-game items that are exclusive to the game or tournament. This can help to generate excitement among gamers and incentivize them to participate in an esports event.
Ownership and authenticity: NFTs provide a new level of ownership and authenticity to in-game items, as each NFT is unique and verified on the blockchain. This can help to enhance the perceived value of in-game items and make them more attractive to gamers.
Collectibles and trading: NFTs can also be used to create collectibles that gamers can trade and collect. This can help to create a sense of community and foster engagement among gamers, as they seek to acquire and trade rare or valuable in-game items.
Fan engagement: NFTs can be used to engage fans of esports by creating exclusive merchandise or experiences that are only available through the purchase of an NFT. This can help to create a sense of exclusivity and enhance the perceived value of being a fan of the esports event or team.
Revenue generation: NFTs can also be used as a new revenue stream for esports organizers and teams. By creating and selling unique in-game items or collectibles, esports organizers and teams can generate additional revenue and increase their overall profitability.
NFTs can help to engage gamers in esports by creating unique in-game items, providing a new level of ownership and authenticity, creating collectibles and trading opportunities, engaging fans through exclusive merchandise and experiences, and generating additional revenue streams for esports organizers and teams. NFTs can help to enhance the overall experience of esports and create new opportunities for growth and success in the industry.
- What are the upcoming plans for STAN in the next 5 years?
As we look ahead to the next five years, our business vision involves a concerted effort to further expand our presence in the esports arena, both domestically and on a global scale, with the ambitious goal of reaching a size of 100 million. To bring this vision to fruition, we are in the process of developing a comprehensive plan that will involve deepening our involvement in the esports industry through innovative strategies, initiatives, and programs that engage and inspire fans, players, and enthusiasts alike. Additionally, we will be pursuing strategic partnerships and collaborations with key players in the market to leverage their expertise, resources, and capabilities to further accelerate our growth and reach. Our motivating factor would be working towards making STAN the #1 esports company in the next 5 years. We are confident that our unwavering commitment to the esports industry and our relentless pursuit of excellence will enable us to achieve our vision, and we look forward to sharing more details on our plan in the coming months.
