html

Nazara Technologies Invests in STAN, a Blockchain-Based Esports Fan Engagement Platform

Nazara Technologies, a leading gaming and sports media company, has announced a strategic acquisition, securing a 15.86% stake in STAN, a blockchain-based e-sports fan engagement startup. The investment, totaling up to USD 2.2 million, underscores Nazara's commitment to expanding its footprint in the burgeoning e-sports industry.

• This investment is part of Nazara's strategy to amplify its presence in the global e-sports ecosystem.
• Nazara believes that STAN's mobile-first approach and focus on community engagement aligns with their vision.

STAN: A Web3 Platform for Building and Monetizing Gaming Communities

STAN, founded in 2022, offers a Web3-based platform designed to help creators build and monetize communities around gaming. The platform enables users to engage with their favorite gaming creators through digital collectibles, chat, audio rooms, and exclusive celebrity communities.

• STAN has over 12 million users and a turnover of USD 1.8 million as of March 31, 2024.
• The platform has received significant funding, including a USD 2.7 million round in January from Aptos Labs, Maelstrom Fund, and others.

Nazara's Acquisition Strategy in the Gaming Industry

The acquisition of STAN is part of Nazara's ongoing strategy to enhance its global presence and support innovative platforms in the gaming and e-sports sector. This investment follows Nazara's recent acquisition of Fusebox Games Limited, a UK-based gaming company, for USD 27.2 million.

• Nazara has also acquired Kiddopia's developer, Paper Boat Apps, and the IP rights of Ultimate Teen Patti.
• Nazara believes that STAN's mobile-first approach and focus on community engagement aligns with their vision.

STAN's Vision for the Future of Gaming and Esports Communities

STAN's CEO, Parth Chadha, believes that Nazara's investment will be a major boost for the company, helping them redefine gaming and esports communities and achieve their vision. STAN aims to leverage the power of Web3 technology to create a more engaging and rewarding experience for both creators and fans.

• STAN's platform allows creators to connect with their fans on a deeper level and build lasting relationships.
• The platform also provides creators with new monetization opportunities through digital collectibles, NFTs, and other Web3 tools.

Nazara's Commitment to the Future of Esports and Gaming

Nazara Technologies' investment in STAN is a clear indication of its commitment to the future of esports and gaming. The company is actively seeking out innovative companies and technologies that can help them expand their reach and create new experiences for gamers around the world.

• Nazara's acquisition strategy focuses on building a portfolio of companies that will shape the future of the gaming industry.
• The company is committed to supporting the growth of the esports ecosystem and empowering creators to reach new audiences.