The partnership is also expected to boost revenue, attract players and investors, and revolutionize the market.
The Aptos coin price has rallied over the last day and potentially targets the $11 and $13.5 resistance levels.
The Indian eSports market is a booming aspect of the country's economy.
There are currently about 500 million players in India's eSports market, which is expected to generate $124.8 million in revenue by 2024 according to Statista.
However, there might still be some issues with this boom.
The industry still has issues with monetization, regulation, and infrastructure, and two companies have teamed up to address these issues and empower the Indian eSports community to solve these problems.
The goal of the Indian eSports company, STAN, is to establish a platform for the country's eSports community, according to the official website.
STAN aims to give Indian gamers and broadcasters a platform where they can engage with their followers, receive prizes, and have access to exclusive material since they understand how passionate and talented they are.
According to a recent tweet, STAN has just partnered with Aptos Labs to integrate the Aptos blockchain into its platform.
Through the partnership, STAN will allow fans to purchase digital memorabilia in the form of NFTs from their favourite eSports players and streams.
STAN aims to provide the eSports community with an engaging experience by providing fans with access to games, meet-and-greets, and interviews with their favourite gaming celebrities.
This new Web 2.5 venture will allow gamers to communicate with each other and their characters in a welcoming and lively atmosphere.
The collaboration between Aptos and STAN is set to revolutionize the Indian eSports market by pushing blockchain technology into the spotlight.
Furthermore, the $124 million revenue projection is set to go further upwards, as STAN leverages blockchain technology.
This new merger is set to improve the esports platform's efficiency, security, and transparency while opening up new revenue streams and ways for players and streamers to interact with one another.
Aside from showcasing Indian gamers' potential and skill to a worldwide audience, the platform will also draw in more players and investors to the Indian eSports sector.
The upcoming merger between Aptos and STAN is set to improve the eSports landscape, and both firms believe that this new and improved platform will usher in a new era of gaming in India.
Aptos is already reacting positively to the news and has already rallied by nearly 3% over the last day, according to data from Coingecko.
The cryptocurrency trades at around $9.47 and appears to be testing the $9.5 resistance and attempting to break above.
The price action on Aptos seems bullish enough, and if we see continued testing of $9.5, the cryptocurrency might be set to reclaim the $11 resistance and finally target $13.5 or even higher.
In all, investors need to watch what happens at $9.5, which the cryptocurrency is already testing in an attempt to break upwards.
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