STAN Archives - Top Crypto Game https://topcryptogame.com/tag/stan/ The latest crypto news! Wed, 11 Sep 2024 14:54:33 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 https://topcryptogame.com/wp-content/uploads/2022/01/cropped-favicon-32x32.png STAN Archives - Top Crypto Game https://topcryptogame.com/tag/stan/ 32 32 Nazara acquires 16% stake in web3 esports platform Stan https://topcryptogame.com/nazara-acquires-16-stake-in-web3-esports-platform-stan/ https://topcryptogame.com/nazara-acquires-16-stake-in-web3-esports-platform-stan/#respond Wed, 11 Sep 2024 14:54:33 +0000 https://topcryptogame.com/nazara-acquires-16-stake-in-web3-esports-platform-stan/ Indian game company Nazara has announced it’s acquired a 15.86% stake in esports and fandom community platform Stan. A quickly growing player in the Indian game industry, Stan is a mobile-first games platform dedicated to the esports and fandom community. Earlier in 2024, Stan unveiled a partnership with Aptos Labs, to launch its platform on […]

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Indian game company Nazara has announced it’s acquired a 15.86% stake in esports and fandom community platform Stan. A quickly growing player in the Indian game industry, Stan is a mobile-first games platform dedicated to the esports and fandom community.

Earlier in 2024, Stan unveiled a partnership with Aptos Labs, to launch its platform on the Aptos blockchain. It also offers UGC tools and NFT trading. To-date, it claims to have gained over 500,000 paying users, and a total user base of 15 million.

In terms of the Nazara acquisition, it bought its stake in Stan for 18.4 INR ($2.2 million) in an all-cash secondary transaction through its subsidiary Nazara Dubai FZ.

“Nazara’s investment in STAN strengthens our position in the rapidly growing gaming and esports landscape. STAN’s mobile-first approach and focus on community engagement align perfectly with our vision to become a leading player in the global esports ecosystem. This acquisition allows us to expand our reach while empowering content creators and fostering a stronger gaming community,” said Nazara Technologies founder and CEO Nitish Mittersain.

“Nazara’s investment will be a major boost for STAN, fast-tracking our journey to redefine gaming and esports, communities and help us achieve our vision,” added Stan CEO Parth Chadha.

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