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Durov praised the team behind the Catizen project, saying that it has been able to introduce blockchain to millions of people through its use of TON-based smart contracts
Pavel Durov, the CEO of Telegram announced that Catizen, the tap-to-earn game, has earned up to $16 million from in-app purchases. The crypto game, which is built on the TON blockchain and can be played through the Telegram app, has over 26 million players. It is one of several mini-games on Telegram built on the TON network, like Hamster Kombat.
Durov praised the team behind the Catizen project, saying that it has been able to introduce blockchain to millions of people through its use of TON-based smart contracts for in-game rewards. He emphasized that the team has also created tools that could aid interested developers in seamlessly creating their own games on Telegram and TON such as the smartCard-inline. He said:
“Catizen is a mini game on Telegram with over 26 million players. The game has already earned $16 million (!) from in-app purchases and donated 1% of it to rescue stray cats Catizen introduced millions of people to blockchain, because it uses TON-based smart contracts for its in-game rewards. Their team also built tools for other developers to easily launch their games on Telegram and TON.”
Pluto Studio co-founder Ricky Wong revealed that the average revenue generated per user has risen to $30.7, showing how the Catizen community has increased rapidly, with over 500,000 paying users globally.
Pluto Studio’s Catizen Secures Investment from Binance Labs
Pluto Studio, the GameFi platform that launched Catizen, has gained the support of Binance Labs, as it led the company’s investment round. Binance Co-Founder and Head of Binance Labs Yi He, expressed her excitement about the project, stating that Pluto Studio has what it takes to lead billions of people into the web3 space. She said:
“Binance Labs is always excited about supporting projects like Pluto Studio that have the potential to onboard billions of users into Web3. We look forward to backing more visionary builders who aim to create products designed for mass adoption.”
Ricky Wong echoed the words of the Binance co-founder. He stated that the team is thrilled about the investment from Binance, and it shows they believe in the company’s plan and are confident in its work to build the next generation of Web3 entertainment. He noted that with such support, his team is set to take the Catizen project to a higher level as well as bring more solutions to the Telegram and TON ecosystem.
“With Binance Labs’ backing, we are poised to take Catizen to new heights and bring more innovative solutions to the Telegram and TON ecosystems,” he stated.
Pluto Studio plans to use the new fund to help develop the Catizen mini-app and game engine, which will make it easier for more developers to join the Catizen ecosystem. They also aim to keep releasing new mini-games and adding features like short videos and online shopping to the Catizen platform.
Catizen is set in an open digital ‘Meowverse’ and allows players to earn airdrops through a ‘play-to-airdrop’ feature. Players can combine their digital cats to make them stronger, which helps them move up the leaderboard and potentially earn more rewards.
