Hamster

Hamster Kombat

Pluto

Read

Crypto venture capital arm of HashKey has announced its strategic investment in Pluto Studio, the publishing platform behind Telegram-based game Catizen.AI.
HashKey Capital, the venture capital branch of <a href="https://crypto.news/tag/hong-kong/" target="_blank" rel="noopener noreferrer nofollow">Hong Kong</a>-based crypto company <a href="https://crypto.news/tag/hashkey/" target="_blank" rel="noopener noreferrer nofollow">HashKey</a>, has supported Pluto Studio, the publishing platform behind the <a href="https://crypto.news/tag/telegram/" target="_blank" rel="noopener noreferrer nofollow">Telegram</a>-based game Catizen.AI, with a “strategic investment” in a bid to deeper its presence in the gamefi sector.
In a Jul. 30 <a href="https://www.prnewswire.com/apac/news-releases/hashkey-capital-announces-strategic-investment-in-pluto-studio-the-publisher-behind-catizenai-302209610.html" target="_blank" rel="noopener noreferrer nofollow">press release</a>, the Hong Kong-headquartered VC firm said that following the funding, HashKey Group will also be announcing a “coming up partnership with Catizen to further amplify the awareness of TON Mini-Game,” though specific details regarding the investment amount and the nature of the partnership weren’t disclosed.
As per HashKey Capital, Catizen has built a base of “over 500,000 paying users,” adding that this cohort sets the project “apart from other mini-apps” in the TON (<a href="https://crypto.news/price/toncoin/" target="_blank" rel="noopener noreferrer nofollow">TON</a>) ecosystem.
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 “With Pluto Studio planning to launch over 18 additional games, this robust user base holds significant potential for future growth.”
 HashKey Capital
</blockquote>
The proceeds from the funding are said to be used to advance the mini-game platform, enhance future projects, and co-develop the ecosystem. HashKey Capital will also support Pluto Studio in exploring “the potential for a mini-game revolution within the TON ecosystem,” the press release reads.
You might also like: <a href="https://crypto.news/binance-labs-invests-telegram-web3-catizen/" rel="noopener noreferrer nofollow"> Binance Labs invests in GameFi platform behind Telegram-based Web3 game Catizen </a>
The funding announcement arrives despite ongoing uncertainty surrounding the airdrop of Catizen.AI’s native token, CATI. Initially slated for a July release, the airdrop has been delayed. On July 29, Catizen.AI’s official X addressed the delay, <a href="https://x.com/CatizenAI/status/1817985435454624191" target="_blank" rel="noopener noreferrer nofollow">saying</a> “there are aspects that are not entirely under our control,” without providing further details on the reasons or new timing for the airdrop.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 🚨 Important Update!🚨 1\ We've got some bad and really good news for you at the same time: our team has decided to move the date for the Shares-to-Token exchange event. You might wonder, what's good about that? Just FUD? 🤔 Not exactly. The whole point is that you'll actually…— tapswap (@tapswapai) <a href="https://twitter.com/tapswapai/status/1807867411103994028?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 1, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
Catizen.AI is not alone in facing scrutiny over delayed token launches. Another Telegram-based project, Tapswap, has also <a href="https://x.com/tapswapai/status/1807867411103994028?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1807867411103994028%7Ctwgr%5E250c8d2485acdf9eff5ddf03b2a63b8b9b80e871%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fwww.vanguardngr.com%2F2024%2F07%2Ftapswap-postpones-token-allocation-again%2F" target="_blank" rel="noopener noreferrer nofollow">delayed</a> its token release multiple times, with the latest update pushing the launch to Q3. Hamster Kombat, yet another Telegram-based mini-app, has faced similar challenges.
<a href="https://crypto.news/tag/hamster/" target="_blank" rel="noopener noreferrer nofollow">Hamster Kombat</a>, another Telegram-based mini-app, has yet to announce its token launch date. Although several crypto exchanges have added the HMSTR token for pre-market trading, it hasn’t been officially listed. In Russia, where the Hamster Kombat development team is rumored to have potential ties, lawmakers have even <a href="https://crypto.news/russian-lawmaker-pushes-for-hamster-kombat-ban-over-scam-concerns/" data-type="post" data-id="14285801" target="_blank" rel="noopener noreferrer nofollow">proposed</a> to ban the app due to concerns about possible scams.
Read more: <a href="https://crypto.news/telegram-founder-is-concerned-about-catizen/" rel="noopener noreferrer nofollow"> Telegram founder is concerned about helping cats: How is the new mini-game related? </a>

Hong Kong’s HashKey makes strategic investment in Catizen.AI’s publisher

crypto.news

Andra artiklar publicerade 30 juli 2024

Bitwise Announces 10% Donation of Ethereum ETF Profits to Open-Source Developers

Crypto sleuth investigates suspect in Sydney Sweeney’s hack

Just One Day: WienerAI Prepares for Launch on Decentralized Exchanges

Research Firm Predicts Bitcoin Game Theory In Global Adoption Race

ZKX Unveils ‘Isolated Funds’ to Minimize Losses for Users

Bitcoin Spot ETFs See Mixed Inflows: Grayscale Outflows Amidst Market Fluctuations

Prenumerera på vårt nyhetsbrev och få kryptouppdateringar varje dag!