blockchainreporter.net
Binance Labs has recently led an exclusive investment round for the Telegram-based Catizen’s publishing platform. Binance Labs, the well-known crypto exchange Binance’s venture capital arm, disclosed that its investment in the Web3 game Catizen targets its further growth. In this respect, it supports the development of the game engine and mini-app of Catizen. The platform revealed this initiative in a comprehensive blog post on its official web portal.
Pluto Studio Receives Investment from Binance for Its New Project Catizen
The company also mentioned that the GameFi publishing forum Pluto Studio operates under Pluto Studio Limited. It reportedly launched Caitzen, its flagship venture, as an innovative gaming bot for Telegram’s seamless integration with TON. Catizen benefits from the wide user base of Telegram to cover the present issues in the Web3 economy. Additionally, it also focuses on enabling Web3 access for a wider audience.
For this purpose, it intends to offer interactive mini-games along with mobile payment possibilities. Within a few months, the community of Catizen has expanded to nearly 25M players. It also takes into account 1.5M on-chain gamers as well as more than 500,000 worldwide paying users. Moreover, the game has additionally dominated the blockchain ecosystem of TON. In this respect, it has gained the chief app spot for The Open League’s 3 consecutive seasons.
The Open League operates as an incentive project to facilitate TON traders, teams, and users that the TON Foundation hosts. Catizen has a setting of a digital open ‘Meowverse’ and fascinates the players in a world having cat themes. In it, digital cats offer credentials to access the Launchpool. Hence, the players carry out Catizen activities for airdrops through its exceptional play-to-airdrop model. It gets support from user-friendly interfaces that aim at the provision of intuitive interaction.
The Web3 Gaming Project Gets Significant Attention While Aiming at Revolutionizing This Realm
Furthermore, Pluto Studio will utilize this funding to elevate its advancement with support for Catizen’s game engine and mini app. Yi He (the Head of Binance Labs and Co-Founder of Binance) also commented on this endeavor. According to the executive, Pluto Studio can potentially onboard numerous consumers into the Web3 ecosystem.
Pluto Studio’s co-founder Ricky Wong stated that validates the firm’s vision and highlights its potential for Web3 development. Binance Labs asserted in its funding announcement that Pluto Studio targets using new investment for Catizen to revolutionize the gaming sector on TON blockchain and Telegram.