Binance Labs Invests in Telegram-Based Gaming Bot Catizen
Highlights
- Binance Labs invests in Telegram gaming bot, Catizen.
- Investors set sights on the platform’s potential to change the gaming sector.
- Catizen boasts 25 million players with over 500,000 paying users globally.
Binance Labs has invested in Pluto Studio, the GameFi publishing platform behind the Telegram-based web3 game Catizen. The gaming bot attracted the interest of investors in recent months as positive sentiments dominated the market. Binance Labs continues to support crypto startups to improve innovation in the industry.
Binance Labs Leads Funding Round
In a new release, Binance Labs disclosed that it led an investment funding round for the GameFi projects that launched Catizen. The venture capital arm of the largest crypto exchange Binance is known for financing web3 firms. According to the release, Pluto Studio will use this funding to drive market growth supporting the Catizen mini app alongside game engine constructions.
This will create an easy pathway to onboard new developers for the project. Yi He the co-founder of Binance Labs expressed delight in the latest funding round pointing to the potential to onboard more users of web3. “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.”
Oh their part, Pluto Studios hailed the support provided by the VC arm of the largest exchange with trading volumes. Ricky Wong, the co-founder of Pluto Studio stated it drives market confidence in the firms to build the infrastructure for web3 entertainment. Wong added that with the funding round.
Also Read: Jim Cramer Claims ETH “Bid Up” Before ETF Debut
Investors Eye Catizen Growth
The release highlighted the growth prospects of the company in the ever-evolving web3 space. The project boasts about 25 million players with 1.5 million on-chain gamers. Catizen has dominated the TON network making its mark as the top application for three straight seasons of The Open League.
“Players engage in Catizen activities to earn airdrops via its unique play-to-airdrop model, supported by user-friendly interfaces for intuitive interaction. Players can also enhance their cats by merging them to climb leaderboards, potentially yielding higher returns.”
Users are also anticipating the trajectory of the project on social media spaces highlighting the growth in web3 gaming and the boom in the TON ecosystem.
Also Read: COTI Joins PayPal and Fireblocks To Advance Israel’s CBDC Project
- Fed’s Anna Paulson Backs Rate Cuts, Downplays Trump Tariff Impact
- Is Another BTC Price Crash Ahead As ‘Trump Insider Whale’ Increases Bitcoin Short to $340M
- Bitget Reveals Rising Crypto Adoption as Nigeria, China, and India Lead Growth
- Breaking: Michael Saylor’s Strategy Adds 220 Bitcoin Amid Crypto Market Dip
- Breaking: China Renaissance Bank Eyes $600M Raise for BNB-Focused Fund with YZI Labs
- Trader Sees a Dogecoin Price Surge as House of Doge Sets for a NASDAQ Listing
- Will Shiba Inu Price Recover After the Crypto Crash As Burn Rate Soars 8,194%?
- Bitcoin Price Mirrors March 2020 Crash as US–China Trade Easing Fuels Recovery
- PEPE Coin Price Reenters Historical Demand Zone as Whales Accumulate $5M— Can It Repeat Its 123% Rally?
- Bitcoin Price Prediction as Trump’s Tariff Shock Triggers $19B Liquidation
- Can $TAPZI Reach $1 In Q1 2026?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
