On Monday, October 10, STAN, a Bengaluru-based Web3 business, announced the launch of its official NFT and limited digital collectibles (LDC) series. The virtual collectibles part of this release have been designed by over 50 well-known'''' game developers and esports competitors, including Jonathan, GHATAK, Total Gaming, Lokesh Gamer, and AS Gaming. A total of 10,000 NFTs and over 2,000 exclusive LDCs are expected to be launched in the coming
STAN plans to increase its interactions with India''s up-and-coming Web3 community with these digital collectibles in a statement.
The buyers of STAN NFTs will allow owners to get access to Instagram shout-outs, talk shows, meetups, and personalized emails from athletes or artists.
NFT holders may also benefit from opportunities of playing live matches with creators and e-athletes.
In a press release, the goal of this campaign is to allow non-crypto-native users to tap into the rapidly growing NFT gaming industry while also engaging them with their favourite esports creators. Nauman Mulla, the CEO and CEO of STAN, said in a press release.
These NFTs will be available for purchase via STAN''s mobile app and will also include the possibility of being withdrawn, sold, or traded in NFT marketplaces like OpenSea.
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STAN was able to receive an equity funding of $2.5 million (roughly Rs. 20 crore) in a funding round in May. At the time, super angel investors such as Aadil Mamujee from OpenSea and Nakul Gupta from Coinbase had participated in this seed round.
As part of its future plans, the Indian blockchain business is attempting to enliven partnerships in the esports and Web3 arenas.
Earlier this month, the company had also created an in-app NFT waitlist for its users, with the aim of providing them with an early opportunity to own their NFTs even before the first ones were launched.
NFT sales increased to $25 billion in 2021, according to market tracking company DappRadar.
A total of $260 million (approximately Rs. 2,100 crore) has been carried out by high-end brands including Nike, Gucci, Dolce, and Gabbana with the sales of their NFT items.
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