Binance Labs Invests in Blockchain Gaming Platform Pluto Studio

Pluto Studio has received a sizable investment from Binance Labs, the venture capital and accelerator branch of Binance, the largest cryptocurrency exchange in the world based on trade volume. With its cutting-edge methodology, this blockchain gaming platform is poised to completely transform the GameFi industry.

Supporting Pluto Studio’s flagship project, Catizen, a game running on the Telegram TON blockchain, is the main goal of this contribution. With the integration of Telegram with the TON blockchain, Catizen hopes to make Web3 technology more widely known by offering mobile payment choices and entertaining mini-games.

Catizen’s Rapid Growth

Catizen launched in March and has quickly gained traction, boasting over 25 million registered players, with 1.5 million of them on-chain. The game’s success is attributed to its seamless integration with Telegram, leveraging the platform’s extensive user base to make a significant impact in the Web3 attention economy.

Pluto Studio plans to utilize the investment from Binance Labs to further enhance the game’s features and user experience. The goal is to attract more players and expand its reach within the Telegram and TON ecosystems.

Ricky Wong, co-founder of Pluto Studio, expressed his enthusiasm about the investment, stating, “This investment validates our vision and reinforces our confidence in our ability to build the infrastructure needed to drive the next wave of Web3 entertainment. With Binance Labs’ backing, we are poised to take Catizen to new heights and bring more innovative solutions to the Telegram and TON ecosystems.”

The funding will enable Pluto Studio to develop additional products and integrate new features into Catizen, ensuring it remains at the forefront of the blockchain gaming industry. This move aligns with Binance Labs’ mission to support innovative projects that drive the adoption and development of blockchain technology.

The collaboration between Binance Labs and Pluto Studio marks a significant milestone in the evolution of blockchain gaming. As Catizen continues to grow and attract more players, it sets the stage for future innovations in the Web3 entertainment space. With the support of industry leaders like Binance Labs, Pluto Studio is well-positioned to lead the charge in creating immersive and interactive blockchain gaming experiences.