Catizen receives strategic investment from Animoca Brands to help expand Telegram Mini App ecosystem

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MarsBit
04-28
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Mars Finance News: Telegram Mini App game Catizen has announced the completion of a new round of strategic investment, supported by the renowned blockchain game company Animoca Brands. Catizen, issued by Pluto Entertainment, is one of the highest-revenue games in the Telegram-TON ecosystem. Its innovative "Play for Airdrop" model highly aligns with TON's strategy of promoting game-token-DeFi user conversion, successfully helping over 40 million new users access the Web3 world. The consumption of Catizen's native token CATI continues to rise, becoming an important indicator of ecosystem activity. The latest data shows that total CATI consumption has exceeded 30 million, growing 3.5 times compared to the fourth quarter of 2024. According to the trading platform Bybit, Catizen's on-chain user base has surpassed 3.3 million, with its game platform's daily CATI consumption exceeding 1 million tokens. The official expects that with more games and application scenarios coming online, total CATI consumption may aim to reach the 200 million target. Previously, Pluto Entertainment received investment support from YZi Labs, HashKey Capital, Folius Ventures, The Open Platform, and other institutions. Currently, Pluto Entertainment is accelerating its transformation towards the Telegram x TON ecosystem, exploring new opportunities for global integration with crypto technology, and is committed to promoting large-scale blockchain technology applications in the Mini App business model. Catizen stated that it will continue to expand Web3 games and application scenarios with Animoca Brands, TON, and global partners, helping users worldwide move towards a crypto future.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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