The Binance Labs incubation program has just announced that it has invested in the Web3 gaming sector by supporting Catizen, a mini-game bot on Telegram.
The accelerator for the development of cryptographic projects has led a funding round for Pluto Studio, a GameFi platform that launched Catizen.
The Telegram game, integrated with the TON blockchain, already has a wide range of users and positions itself as one of the most appreciated of the moment.
Let’s see all the details below.
Gaming on TON: Binance Labs supports the Telegram bot Catizen by the company Pluto Studio
Binance Labs, has revealed that it has invested in Pluto Studio, a company in the gaming sector engaged in the development of game bots on Telegram.
The division of venture capital and incubation of Binance has led a funding for the GameFi platform indirectly supporting also the game Catizen.
This represents a mini-game developed within Telegram, integrated with the blockchain of TON and equipped with an incentive program airdrop.
The commitment of the web3 accelerator of the exchange in supporting these projects reflects Binance’s willingness to follow the current trends in the gaming world.
We’ve invested in @PlutoVisionLabs
Pluto Studio is the GameFi publishing platform that launched @CatizenAI.
Read more
https://t.co/QmfVDnetyd
— Binance Labs Fund (@BinanceLabs) July 23, 2024
As reported by Pluto Studio, the GameFi platform will leverage the funding to further enhance its suite of games. The main focus will obviously be on Catizen, the company’s flagship project where implementations for a more efficient game engine are planned.
The goal is to facilitate the entry of new users and make the Telegram mini-game bot increasingly attractive and scalable.
Catizen can make its way through the great noise typical of the gaming world web3 by leveraging the social media Telegram and its large user base to grow more quickly.
Yi He, co-founder of Binance and head of Binance Labs, wanted to speak out to comment on the good news:
“Binance Labs is always excited to support projects like Pluto Studio that have the potential to integrate billions of users into Web3. We look forward to supporting other visionary builders who aim to create products designed for mass adoption.”
On the other front, the response from Ricky Wong, co-founder of Pluto Studio, has arrived, expressing his enthusiasm for the collaboration with Binance:
“We are incredibly excited to receive funding from an industry leader like Binance Labs. We are ready to take Catizen to new heights and bring more innovative solutions to the Telegram and TON ecosystems.”
How does the mini-game Catizen work and how to earn for the airdrop?
As just mentioned, Binance has invested in gaming by offering its support for the mini-game bot of Telegram Catizen. But how does this work exactly?
Catizen is a revolutionary game bot perfectly integrated with TON and set in the open digital ‘MeowVerse‘, a world themed around digital kittens.
This is the invitation link to access the game https://t.me/catizenbot/gameapp?startapp=rp_27175781
The players engage in various activities focused on the care of virtual cats, “minting” new elements periodically. The goal of the game is to collect as many coins as possible and enhance your account by merging two cats of the same level.
Catizen fully fits into the mini-games bot of Telegram with the play-to-airdrop model, where players will be rewarded for the points collected. The digital kittens act as credentials to access the launchpad and earn cryptographic tokens.
This innovative approach aims to revolutionize the way users access and interact with the Web3 ecosystem.
Supported by user-friendly interfaces for intuitive interaction and the scalability of the TON network, this game has already attracted significant user traffic.
In a few months since its launch, it has already seen its community grow to 25 million players, of which about 1.5 million are on-chain players.
The Telegram Bot has also dominated the TON blockchain ecosystem, securing the top spot in the application for three consecutive seasons of The Open League.
Exploiting the immense traffic of Telegram, Catizen aims to establish a Web3 traffic link on a scale of hundreds of billions.
The support of Binance as an incubator acts as a quality label, with the game gaining credibility even on a more advanced front of the gaming sector.
Another free airdrop is just around the corner, what are you waiting for to participate? Power up your kittens and earn cryptocurrencies.
The trend of games on Telegram
Engaging in the enhancement of the gaming company Pluto Studio, Binance has invested in the currently most trending sector of the blockchain world, namely that of mini-game bots on Telegram.
After the success of Notcoin and Hamster Kombat, users have flocked to this type of game, where the prize is the chance to earn tokens for free.
By performing simple tasks, such as “tap” on the screen or feeding a kitten, you participate in the distribution of a new token as early adopters of that project.
On one hand, the user is happy to fill their free time with a remunerative activity, albeit with limited earning possibilities. On the other hand, the game itself manages to increase network traffic with a low expense.
Currently, according to “TON App” there are about 215 mini-game bots available for use on Telegram, with many more coming by the end of the year. The TON blockchain ecosystem, on the other hand, has more than 1000 decentralized applications with various use cases, from gaming to finance, etc.
