Company:Stan
Founders:Parth Chaddha, Rahul Singh, Subham Gupta, Gyanesh Kumar
Participation:Seed
What is Stan?
STAN is a Web3 platform aiming to become the go-to destination for gaming fans, offering engagement, community-building, and monetization opportunities. The platform leverages blockchain technology to power games, provides officially licensed digital collectibles, and fosters a community-focused environment.
Market
- The global esports market is valued at $1.45B in 2022 and is project to grow to $6.75B by 2030 with a CAGR of 21.5%
- Asia-Pacific is the largest gaming market region in 2022.
- The gaming market report covers regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
- Asia-Pacific, particularly India, China, Japan, and South Korea, has a strong gaming culture and a significant user base.
- Western Europe and North America have advanced technology, high purchasing power, and well-established gaming communities.
- Eastern Europe, South America, the Middle East, and Africa are emerging markets in the gaming industry.
Why we invested?
- Innovative Product Offerings:
STAN's focus on Web3 infrastructure, blockchain-powered games, and officially licensed digital collectibles sets it apart in the market. The integration of blockchain technology enables users to earn fiat and cryptocurrency while participating in engaging gaming experiences. This innovation attracts gamers looking for new and rewarding ways to engage with their favorite games and influencers.
- Unique Value Proposition:
STAN positions itself as the go-to platform for gaming fans by leveraging Web3 technology to build engaged communities and cater to their fan's dreams. The platform offers a range of features, including blockchain-powered games, officially licensed digital collectibles, and community-focused interactions. This unique value proposition differentiates STAN from competitors and creates a compelling offering for gamers.
- First-Mover Advantage:
STAN has the advantage of being an early mover in the industry, leveraging Web3 technology and offering a comprehensive solution for gamers. By establishing a strong infrastructure and securing partnerships with major influencers, STAN is well-positioned to capture a significant share of the market before competitors enter the space.
- Experienced and Skilled Team:
The team behind STAN possesses proven experience and expertise in delivering value to users across various stages. Their track record, combined with their deep understanding of the gaming industry, strengthens the investment case for STAN.
Team
Investors
Achievements so far
- User Growth and Engagement:
STAN has achieved remarkable user growth, with over 100k downloads during its closed beta phase on the Android Play Store. This initial traction showcases the platform's appeal and potential in the market. The platform has successfully onboarded approximately 500k fans, demonstrating its ability to attract and engage a significant user base.
- Strategic Partnerships and Collaborations:
STAN has secured exclusive partnerships with notable players and esports teams, enhancing its credibility and attracting gaming enthusiasts. This strategic approach strengthens the platform's positioning within the gaming ecosystem. The platform became a Collectibles Partner at the BMI Master Series, a televised event, allowing STAN to gain exposure and expand its reach to a wider audience of gaming fans.
- Event Organizing:
STAN has organized successful fan events, including the STAN FanFest at DreamHack and the India Gaming Show, with footfalls of 30k fans in each event. These gatherings create a sense of community and strengthen the bond between fans, influencers, and the platform.
- User Transactions and Sales:
STAN has witnessed substantial user engagement, with 1.9M user transactions and 1.8M Trump Game plays. This high level of user activity indicates the platform's ability to attract and retain user interest.The primary sales of over 7.5K NFTs and 2.5K + NFTs sold in pre- sale demonstrate the market demand for digital collectibles and the platform's successful monetization efforts.
Challenges in the Current Landscape
- Engagement Fatigue:
With the abundance of gaming options available, gamers and fans may experience fatigue or a lack of sustained interest in a particular platform or game. Keeping users engaged and continuously providing fresh and captivating content is a challenge in the market.
- Fragmented User Base:
The gaming market is characterized by a fragmented user base, with gamers having diverse preferences and interests. Catering to a wide range of user preferences and creating engaging experiences that resonate with different segments can be challenging for platforms.
- Monetization Strategies:
Finding effective monetization strategies that strike a balance between generating revenue and maintaining a positive user experience can be a challenge. Companies need to explore various models such as in-app purchases, subscriptions, and advertising while ensuring that users perceive value in their offerings.
- Competing for Attention:
Gamers and fans have limited attention spans and are constantly bombarded with content across various platforms. Standing out and capturing users' attention amidst this competition can be difficult.Platforms need to offer unique and compelling experiences to attract and retain users.
Product offerings of Stan
- Engagement Platform:
STAN offers a centralized platform where gamers, creators, and influencers can interact, engage, and form communities. Users can connect, chat, and collaborate with like-minded individuals, fostering a sense of belonging within the gaming ecosystem.
- Blockchain-Powered Games:
STAN's games are built on blockchain technology, enabling users to earn in fiat or cryptocurrency. This unique feature provides monetization opportunities for gamers, allowing them to leverage their skills and passion for gaming.
- Officially Licensed Digital Collectibles:
STAN allows users to own exclusive digital collectibles of top esports players, fulfilling fans' desires and providing a tangible connection to their favorite gaming personalities.These digital collectibles hold value and can be traded within the STAN ecosystem.
- Community Focus:
STAN is committed to building a strong community of gaming enthusiasts. By bringing together influencers, creators, and fans, the platform encourages collaboration, knowledge sharing, and social interaction.
- Data and Insights:
STAN provides users with valuable data and statistics to enhance their gaming experiences. These insights enable users to make informed decisions, improve their gameplay, and deepen their engagement with the platform.
Final Thoughts
In conclusion, STAN is a Web3 platform that aims to be the go-to destination for gaming fans, offering engagement, community-building, and monetization opportunities. With a strong market potential, STAN can capitalize on the increasing demand for gaming platforms and services in the global gaming market. The platform's user growth and engagement milestones, strategic partnerships, and innovative product offerings set it apart from competitors. STAN's achievements so far, including user growth, successful partnerships, event organizing, and user transactions, demonstrate its appeal and potential in the gaming industry.
However, the market also presents challenges such as engagement fatigue, a fragmented user base, and the need for effective monetization strategies. STAN's focus on creating engaging experiences, catering to diverse user preferences, and finding the right balance between revenue generation and user experience can help overcome these challenges. By positioning itself as an engagement platform, offering blockchain-powered games, officially licensed digital collectibles, and a community-focused approach, STAN creates a unique value proposition for gamers.
With its experienced and skilled team, STAN has the advantage of being an early mover in the industry, leveraging Web3 technology to establish a strong infrastructure and secure partnerships with major influencers. These factors position STAN well to capture a significant share of the market before competitors enter the space.
However, the market also presents challenges such as engagement fatigue, a fragmented user base, and the need for effective monetization strategies. STAN's focus on creating engaging experiences, catering to diverse user preferences, and finding the right balance between revenue generation and user experience can help overcome these challenges. By positioning itself as an engagement platform, offering blockchain-powered games, officially licensed digital collectibles, and a community-focused approach, STAN creates a unique value proposition for gamers.
With its experienced and skilled team, STAN has the advantage of being an early mover in the industry, leveraging Web3 technology to establish a strong infrastructure and secure partnerships with major influencers. These factors position STAN well to capture a significant share of the market before competitors enter the space.