Especially for TON Coin investors, this move announced by the Binance exchange is extremely important. For months, TON Coin has achieved significant gains, and Telegram’s hundreds of millions of users are its biggest advantage. Of course, its ecosystem continues to grow.
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Binance exchange just announced that its investment arm, Binance Labs, has invested in the company behind the Web3 game Catizen, which operates on the Telegram network. By organizing an investment round for the GameFi platform Pluto Studio Limited (“Pluto Studio”), Binance has taken a supportive step for TON Coin with its latest move.
Binance explained the reason for this investment in the announcement as follows:
“Pluto Studio made a splash this March with the launch of its flagship project Catizen, a groundbreaking game bot on Telegram that seamlessly integrates with the TON blockchain. Catizen leverages Telegram’s vast user base to cut through the noise in today’s Web3 economy and aims to introduce Web3 to a broader audience through interactive mini-games and mobile payment options.”
Catizen, which reached 25 million users and 1.5 million on-chain players in a few months, is an important experiment. Binance Co-Founder and Binance Labs President Yi He wrote:
“Binance Labs is always excited to support projects like Pluto Studio, which have the potential to onboard billions of users to Web3. We look forward to supporting more visionary developers aiming to create products designed for mass adoption.”
Pluto Studio Co-Founder Ricky Wong said that Binance’s support is extremely important for them. Although the TON Coin price reached the $7 mark, it has now retreated to $6.9.
