Indian social gaming platform STAN completes $8.5 million in funding, with participation from Aptos Labs and others

PANews
2025/08/05 09:11
FUND
FUND$0.02657-2.67%
Sleepless AI
AI$0.122+1.58%

PANews reported on August 5 that according to TechCrunch, Indian social gaming platform STAN announced the completion of US$8.5 million in equity financing, led by Google AI Futures Fund, and followed by Japanese gaming giants Bandai Namco, Square Enix, Reazon Holdings, Aptos Labs, King River Capital, General Catalyst, GFR Fund and others.

The STAN platform allows users to earn in-app currency called "Gems" through competitive games like PlayerUnknown's Battlegrounds Mobile, and allows creators to set up chat rooms called "Clubs," which are channels tailored for each game on the platform. Joining these Clubs requires paying a social currency to access the "gaming experiences" provided by the creators, and the company takes a commission from these transactions. Gems can be redeemed for vouchers on major e-commerce platforms such as Amazon, PhonePe, and Flipkart. STAN has been downloaded over 25 million times from the Google Play Store and the Apple App Store, with approximately 5.5 million monthly active users.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

The crypto market rose across the board, with the Layer2 sector leading the gains by over 6%, and ETH breaking through $3,700.

The crypto market rose across the board, with the Layer2 sector leading the gains by over 6%, and ETH breaking through $3,700.

PANews reported on August 5th that, according to SoSoValue data, the crypto market continued its rebound, with the Layer 2 sector leading the way with a 6.15% 24-hour gain. Within
Share
PANews2025/08/05 11:17
Trader Eugene disclosed that he has taken profit on his ETH long position, and the expected return rate is about 6.14% in less than four days.

Trader Eugene disclosed that he has taken profit on his ETH long position, and the expected return rate is about 6.14% in less than four days.

PANews reported on August 5th that trader Eugene, monitored by on-chain analyst @ai_9684xtpa, stated that he had TP'd (take-profit) his long ETH position. Although he was optimistic about a short-term
DAR Open Network
D$0.03509+7.34%
Ethereum
ETH$3,659.96+3.59%
Share
PANews2025/08/05 11:21
Chaos Labs: Aave's $4.7 billion exposure to Ethena could trigger a "liquidity crunch"

Chaos Labs: Aave's $4.7 billion exposure to Ethena could trigger a "liquidity crunch"

PANews reported on August 5th that, according to DL News, Chaos Labs, Aave's risk advisory firm, posted on the Aave governance forum that the increasing amount of USDe deposited into
AaveToken
AAVE$261.19-0.24%
Ethena USDe
USDE$1.0006-0.02%
Share
PANews2025/08/05 11:03

Trending News

More

The crypto market rose across the board, with the Layer2 sector leading the gains by over 6%, and ETH breaking through $3,700.

Trader Eugene disclosed that he has taken profit on his ETH long position, and the expected return rate is about 6.14% in less than four days.

Chaos Labs: Aave's $4.7 billion exposure to Ethena could trigger a "liquidity crunch"

A trader continued to short ETH after experiencing partial liquidation after ETH rebounded above $3,700.

test