{"id":18480,"date":"2024-11-12T15:06:08","date_gmt":"2024-11-12T15:06:08","guid":{"rendered":"https:\/\/wordpress-1147733-4643473.cloudwaysapps.com\/news\/string-metaverse-ltd-bio-green-papers-ltd-bse-534535-highlights-strong-growth-with-rs-137-82-crores-revenue-rs-12-13-crores-pat-in-first-half-of-fy25-amidst-strategic-expansion\/"},"modified":"2024-11-12T15:06:08","modified_gmt":"2024-11-12T15:06:08","slug":"string-metaverse-ltd-bio-green-papers-ltd-bse-534535-highlights-strong-growth-with-rs-137-82-crores-revenue-rs-12-13-crores-pat-in-first-half-of-fy25-amidst-strategic-expansion","status":"publish","type":"post","link":"https:\/\/rvrising.com\/blogs\/news\/string-metaverse-ltd-bio-green-papers-ltd-bse-534535-highlights-strong-growth-with-rs-137-82-crores-revenue-rs-12-13-crores-pat-in-first-half-of-fy25-amidst-strategic-expansion\/","title":{"rendered":"String Metaverse Ltd (Bio Green Papers Ltd, BSE 534535) Highlights Strong Growth with Rs 137.82 Crores Revenue, Rs 12.13 Crores PAT in First Half of FY25 Amidst Strategic Expansion."},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/images.mid-day.com\/images\/images\/2024\/nov\/sting12_d.jpg\" \/><\/p>\n<p style=\"text-align: justify\">String Metaverse Limited (Bio Green Papers Ltd, BSE 534535) has reported impressive revenue of \u20b9137.82 crores and a profit after tax (PAT) of \u20b912.13 crores for the first half of FY25. The PAT figure includes a one-time expense of \u20b92.45 crores related to merger stamp duty and authorized capital fees. These results reflect the company&rsquo;s successful pivot to cutting-edge domains such as Web3 gaming, artificial intelligence (AI), and blockchain technology.<\/p>\n<p style=\"text-align: justify\"><strong>Key Highlights:<\/strong><\/p>\n<ul style=\"text-align: justify\">\n<li>Revenue: \u20b9137.82 crores in six months<\/li>\n<li>Profit After Tax: \u20b912.13 crores (includes one-time costs)<\/li>\n<li>Global User Base: Over 2 million active users across gaming platforms<\/li>\n<li>Attention Economy: Captured 126 billion seconds of engagement in six months (Source: Google Analytics)<\/li>\n<\/ul>\n<p style=\"text-align: justify\">Building digital communities through String Metaverse`s Ecosystem for the attention economy, which is valued at an estimated $7 trillion.<\/p>\n<p style=\"text-align: justify\">Through its UAE subsidiary, String Metaverse, the company has secured strategic licenses, including an AI license, blockchain node license, digital asset trading license, and e-sports license in RAK DAO. These licenses position String Metaverse as a formidable player in the blockchain-enabled gaming and digital commerce space.<\/p>\n<p style=\"text-align: justify\"><strong>Innovation with Project MidEarth<\/strong><\/p>\n<p style=\"text-align: justify\">The company is advancing Project MidEarth, a revolutionary initiative to create an &ldquo;Army of AI Agents&rdquo; that integrates blockchain technology for AI monetization.<\/p>\n<p style=\"text-align: justify\">These AI agents are designed to perform roles such as:<\/p>\n<ul style=\"text-align: justify\">\n<li>Managing digital assets<\/li>\n<li>Facilitating payments between agents and humans<\/li>\n<li>Providing liquidity as a service<\/li>\n<li>Enhancing digital asset security<\/li>\n<li>Driving data-driven decision-making in trading<\/li>\n<\/ul>\n<p style=\"text-align: justify\">The project aims to pioneer the AI agent economy, enabling real-time settlements and fostering trustless, truth-based systems through blockchain integration.<\/p>\n<p style=\"text-align: justify\"><strong>Future Outlook:<\/strong><\/p>\n<p style=\"text-align: justify\">Santosh Althuru, CEO of String Metaverse, stated, &ldquo;We are building an agent economy that will grow alongside the human economy, enabling commerce and monetization across multiple blockchains. We anticipate achieving a CAGR of 70&amp;#37 to 100&amp;#37 over the next three years, driven by innovations in AI and blockchain commerce.&rdquo;<\/p>\n<p style=\"text-align: justify\">With its focus on technological advancements and strategic global partnerships, String Metaverse Limited is set to redefine the future of AI-driven commerce and blockchain gaming.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>String Metaverse Limited (Bio Green Papers Ltd, BSE 534535) has reported impressive revenue of \u20b9137.82 crores and a profit after tax (PAT) of \u20b912.13 crores for the first half of FY25. The PAT figure includes a one-time expense of \u20b92.45 crores related to merger stamp duty and authorized capital fees. These results reflect the company&rsquo;s [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":18481,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[204],"tags":[],"class_list":["post-18480","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/rvrising.com\/blogs\/wp-json\/wp\/v2\/posts\/18480","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rvrising.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rvrising.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rvrising.com\/blogs\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/rvrising.com\/blogs\/wp-json\/wp\/v2\/comments?post=18480"}],"version-history":[{"count":0,"href":"https:\/\/rvrising.com\/blogs\/wp-json\/wp\/v2\/posts\/18480\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rvrising.com\/blogs\/wp-json\/wp\/v2\/media\/18481"}],"wp:attachment":[{"href":"https:\/\/rvrising.com\/blogs\/wp-json\/wp\/v2\/media?parent=18480"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rvrising.com\/blogs\/wp-json\/wp\/v2\/categories?post=18480"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rvrising.com\/blogs\/wp-json\/wp\/v2\/tags?post=18480"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}