Crypto enterprise capital arm of HashKey has introduced its strategic funding in Pluto Studio, the publishing platform behind Telegram-based sport Catizen.AI.
HashKey Capital, the enterprise capital department of Hong Kong-based crypto firm HashKey, has supported Pluto Studio, the publishing platform behind the Telegram-based sport Catizen.AI, with a “strategic investment” in a bid to deeper its presence within the gamefi sector.
In a Jul. 30 press launch, the Hong Kong-headquartered VC agency mentioned that following the funding, HashKey Group may even be saying a “coming up partnership with Catizen to further amplify the awareness of TON Mini-Game,” although particular particulars concerning the funding quantity and the character of the partnership weren’t disclosed.
As per HashKey Capital, Catizen has constructed a base of “over 500,000 paying users,” including that this cohort units the mission “apart from other mini-apps” within the TON (TON) ecosystem.
“With Pluto Studio planning to launch over 18 additional games, this robust user base holds significant potential for future growth.”
HashKey Capital
The proceeds from the funding are mentioned for use to advance the mini-game platform, improve future tasks, and co-develop the ecosystem. HashKey Capital may even assist Pluto Studio in exploring “the potential for a mini-game revolution within the TON ecosystem,” the press launch reads.
The funding announcement arrives regardless of ongoing uncertainty surrounding the airdrop of Catizen.AI’s native token, CATI. Initially slated for a July launch, the airdrop has been delayed. On July 29, Catizen.AI’s official X addressed the delay, saying “there are aspects that are not entirely under our control,” with out offering additional particulars on the explanations or new timing for the airdrop.
Catizen.AI shouldn’t be alone in dealing with scrutiny over delayed token launches. One other Telegram-based mission, Tapswap, has additionally delayed its token launch a number of instances, with the most recent replace pushing the launch to Q3. Hamster Kombat, yet one more Telegram-based mini-app, has confronted related challenges.
Hamster Kombat, one other Telegram-based mini-app, has but to announce its token launch date. Though a number of crypto exchanges have added the HMSTR token for pre-market buying and selling, it hasn’t been formally listed. In Russia, the place the Hamster Kombat improvement group is rumored to have potential ties, lawmakers have even proposed to ban the app on account of considerations about potential scams.