Chennai, December 10, 2024: The gaming world is rapidly evolving, with millions of gamers demanding Web3 features that offer true ownership, transparency, and exciting new economic models within their favorite games. Okto, a leading Web3 wallet app with 8 million users, is at the forefront of this revolution. Okto’s recent collaboration with Stan, India’s premier esports and fan engagement platform, has enabled over 7 million gamers to seamlessly experience the benefits of Web3. By integrating the Okto SDK, Stan has transformed its platform, empowering users with greater control over their in-game assets and unlocking new opportunities for participation and monetization.
As the Web3 gaming industry explodes towards a projected $100 billion valuation by 2030, Okto’s innovative solutions are paving the way for a future where gamers and developers alike can fully embrace the potential of this exciting new frontier.
The seamless integration of the Okto Wallet via the SDK has made it easier than ever for gamers to engage with Web3 features. Okto’s SDK simplifies Web3 onboarding by allowing gamers to sign up using a mobile number or email—making the process as easy as using any traditional app. This enables gamers to enjoy Web3 features effortlessly, often without even realizing they are interacting with blockchain technology.
The Okto embedded wallet SDK streamlines Web3 integration for apps and internet companies, enabling seamless setup in minutes by a single developer—tasks that traditionally required weeks and a team. For developers and product builders, the SDK drastically reduces development time, enabling the creation of Web3 products up to 10 times faster than conventional methods. This blend of simplicity and efficiency is driving innovation and transforming the Web3 experience. It unlocks opportunities across finance, gaming, social media, and the creator economy. Users can create Web3 wallets within familiar apps, transact without redirection, securely self-custody assets, and access the interoperable Web3 ecosystem effortlessly.
The gaming industry has consistently led the way in adopting cutting-edge technologies, constantly exploring new frontiers. The current evolution in this ongoing transformation is Web3 gaming, which leverages blockchain technology to create a whole new experience. Web3 gaming is poised to revolutionize the industry by offering enhanced ownership, transparency, and new economic opportunities for both players and developers, changing the way games are played and built.
Parth Chadha, Co-Founder and CEO of Stan, said, “Okto proved to be the perfect partner by providing Stan with the most efficient way to onboard users to Web3 seamlessly via Okto SDK. This was achieved without adding any additional development or infrastructure overheads for integrating Web3 features, making the transition both effortless and cost-effective. From a gamer’s perspective, managing assets across multiple platforms and dealing with constant redirects was a major hassle. By integrating the Okto embedded wallet, we’ve simplified the entire process, allowing gamers to engage with decentralized applications seamlessly. This integration enables them to manage their digital assets across ecosystems with a single wallet, offering a smoother, more flexible experience and a significant improvement in user experience.”
Rohit Jain, Head of Defi initiatives, Okto, said, “We’re thrilled to see how the Okto SDK has been successfully addressing our partners’ challenges. We congratulate Stan on taking this step toward a more engaging and empowering experience for their users.The Okto Web3 SDK streamlines the integration process for apps and internet companies, enabling seamless Web3 adoption in just days. This marks the beginning of a transition towards a more decentralized, interoperable, transparent, and self-custodial internet.”
Rohit further added, “As we move forward, we anticipate a significant number of users experiencing the full potential of Web3. We invite more gaming and other consumer apps to unlock web3 features for their users. With the Okto SDK, we aim to accelerate the widespread adoption of Web3 and ultimately reach a user base of 1 billion.”
Okto’s technology powers Stan by managing wallet services, Web3 infrastructure, token and NFT minting, and transfer capabilities, while offering customized solutions tailored to Stan’s unique needs. This collaboration highlights the immense potential of Web3 to reshape the digital gaming and fan engagement landscape.
About Okto:
Okto is a secure multi-chain DeFi app that offers a keyless, self-custody wallet. It aims to simplify the world of decentralized finance (DeFi) by providing a secure, user-friendly, and innovative solution for managing digital assets. Okto utilizes Multi-Party Computation (MPC) technology to ensure security for users’ assets. But what really sets Okto apart is patent-pending AI-based Multi-Factor Authentication, a breakthrough technology that promises to revolutionize the security of self-custodial DeFi wallets.
With support for multiple chains and access to over 100 protocols, Okto offers a seamless experience for users to participate in various DeFi activities.This innovative super app offers an array of exclusive features, including the Quest Centre for curated quests and exclusive airdrops, a New Tokens Hub for fast access to the latest tokens and crypto, opportunities to earn passive income, and the ability to collect NFTs representing meaningful moments and experiences.
Okto is backed by investors such as Steadview, BCap, Coinbase Ventures , Pantera, Bain Capital Ventures, among others.
About Okto SDK:
The Okto SDK equips developers with a powerful chain abstraction toolkit, enabling them to streamline the development of consumer applications in a familiar manner. This results in user experiences similar to Web2 applications while significantly enhancing overall performance. Our plug-and-play SDK solution allows for customization based on your unique build needs.
The SDK abstracts complexities, providing the simplicity of Web2 not just for users, but for developers as well. With single-click buy, sell, and bridge functionality, the Okto SDK empowers you to build intuitive applications that truly connect with users.
About Stan
STAN is a community based engagement platform having the largest gaming community in Asia with over 5M gamers onboarded. STAN’s goal is to create an ecosystem for the gamers where every victory matters, where rewards are more than just tokens – they’re the embodiment of dedication and prowess, and these gamers find a sense of belongingness.
