String Metaverse is a company that has bet everything on a simple idea: that every click, game, and digital interaction can become a financial transaction. Born from the ashes of a bankrupt paper manufacturer, it was resurrected through a court-approved merger with a gaming startup and now operates as India’s first publicly listed Web3.0 enterprise, trading on the BSE under the symbol META. Its recurring approach is to build platforms that turn attention and assets into tokenized liquidity, connecting the worlds of gaming, blockchain, and high-speed finance under one roof. # Business segments Two engines of roughly equal weight power the company - a gaming and esports platform that turns player attention into tokenized economies, and a financial technology engine that builds the pipes to spend, trade, and manage those tokens in the real world. ## 1. Web3 Gaming & Esports: where the audience and tokens come from **The company builds free-to-play mobile games and runs competitive esports tournaments that reward players with tokens, creating a self-contained economy where engagement is the product.** - **Games that pay you to play** - Its mobile titles like Idle Walk reward users with IDLE tokens for hitting daily step goals, while an optional monthly subscription and one-off in-app purchases multiply those rewards, turning physical activity into a yield-bearing asset. - **Tournaments with a built-in business model** - The String Esports platform hosts daily competitions for games like Call of Duty and Battlegrounds Mobile India, where players pay an entry fee and the prize pool is split among the top quarter of finishers, generating revenue on every match. - **A retro arcade as an on-ramp** - String Arcade offers familiar games like Pac-Man and Flappy Bird on the TON blockchain, lowering the barrier for millions of users to experience Web3 without needing to understand it. - **The token as the settlement layer** - The $IDLE token is designed to become the default currency across all its gaming platforms, meaning every in-game purchase, tournament entry, and reward flows through the company’s own financial rails. ## 2. Digital Asset Management & FinTech: the bridge from tokens to the real world **This engine builds the regulated financial infrastructure - from a crypto-backed Visa card to a platform for trading tokenized stocks - that lets users spend, trade, and invest their digital assets anywhere.** - **A Visa card that spends crypto like cash** - String Pay X is a virtual and physical debit card, issued in partnership with Visa and accepted in over 150 countries, that lets users spend stablecoins and tokens instantly via Apple Pay and Google Pay without manually selling first. - **Tokenized stocks on the blockchain** - Through its CoinX-IDLE framework, the company lets users trade tokenized versions of U.S. blue-chip equities like Tesla, Nvidia, and the S&P 500 on the Solana blockchain, with cumulative on-chain volumes exceeding $220 million. - **Making money on the flow, not the bet** - The revenue model focuses on transaction flow - settlement services, liquidity provisioning, and infrastructure usage - rather than speculating on price movements, a strategy the company sums up as “We don’t monetize volatility. We monetize order flow”. - **Banking accounts tied to a crypto wallet** - Multi-currency IBANs linked to the String Pay X wallet let users hold and transfer fiat currency alongside digital assets, giving the platform a feature set that competes with both traditional banks and crypto exchanges. # Blockchain Infrastructure & Validator Operations **The company runs its own network of validator nodes across major blockchains, earning staking rewards and transaction fees while supplying the backbone for its own token economies.** - **Validators as a service** - It operates validator nodes on protocols including Solana, Ethereum, Polygon, Sui, and Aptos, generating revenue from staking rewards, transaction fees, and node delegation. - **Real-time monitoring to protect the stake** - Internal systems track validator performance, slashing events (penalties for node downtime), and smart contract execution using blockchain explorers, ensuring the staked assets that secure these networks are not put at risk. # Group structure and partners **A web of subsidiaries across Canada, the UAE, Hong Kong, and Singapore each holds a specific licence or operational role, while a brother-led management team and a global partnership with Visa anchor the enterprise.** - **Licences where they count** - String Pay X LTD in Canada holds an MSB Banking Licence, while UAE entities handle esports, real-world asset tokenization, and treasury management from the IFZA Free Zone and Al Butten district. - **A family-run core** - The Managing Director, Mr. Meenavalli Ganesh, and the Executive Director and CFO, Mr. Krishna Mohan Meenavalli, are brothers who together lead a board that was 50% independent as of March 2025. - **The Visa partnership** - The String Pay X card runs on Visa’s network, giving it instant global acceptance at the point of sale in over 150 countries, a distribution advantage that the company claims has 5.2 million users waiting for activation. - **A lean, cloud-native structure** - The company avoids high-debt structures and instead relies on cloud-native tools and open-source platforms to keep fixed liabilities low and remain agile across its multiple jurisdictions.