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Telegram’s Catizen (CATI) Sport Raises $16 Million, Helps Save Stray Cats

by Index Investing News
July 26, 2024
in Cryptocurrency
Reading Time: 4 mins read
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The imaginative gaming bot Catizen on Telegram has earned a stable $16 million from in-game purchases in the previous few days. This recreation boasts a large fan base and has a superb affect by serving to stray animals – cats, particularly. Along with being very worthwhile, it additionally offers a p.c of its earnings to animal welfare teams. This mixture of giving and enjoyable is including an entire new dimension for the gaming trade.

Probably the most typically used video games on the Telegram platform, Catizen is a digital realm devoted simply to feline-themed adventures and has drawn a tremendous 26 million customers. These concepts come collectively on this small app that blends video games, Synthetic Intelligence, crypto and the metaverse.

TON market cap at the moment at $17.011 billion. Chart: TradingView

Catizen: Technical Triumph

Catizen stands out as a result of it really works completely with The Open Community (TON) blockchain. Not solely did TON’s sensible contracts assist Catizen enhance its in-game prizes, in addition they let different builders begin Telegram blockchain-based initiatives.

Picture: GitHub

Pavel Durov, the founding father of Telegram, has praised the Catizen crew for its efforts. Famend for his love of each expertise and animals, Durov has proven pleasure concerning the success of the sport and its half in introducing blockchain expertise to a wider viewers.

Dogizen, his subsequent gaming mission, makes an attempt to deliver the feline obsession into the canine sphere, subsequently augmenting Telegram’s portfolio of digital breakthroughs.

Supply: Pavel Durov/Telegram.

Buyers Pounce: Binance Labs Makes Catizen Guess

Individuals who work with investments have seen how effectively Catizen has accomplished. Binance Labs, the enterprise capital a part of the largest cryptocurrency change on the planet, has put cash into Pluto Studio, the corporate that made Catizen.

We’ve invested in @PlutoVisionLabs

Pluto Studio is the GameFi publishing platform that launched @CatizenAI.

Learn extra👇https://t.co/QmfVDnetyd

— Binance Labs Fund (@BinanceLabs) July 23, 2024

As of July 24, the value of CATI on the pre-market of the Bitget change has gone up by virtually 300%. It started buying and selling at $0.24 and went as much as 0.43 USDT an hour after the official pre-market launch. It then went above $0.5 a couple of hours later and reached a excessive of $0.69 on the identical day.

$CATI @CatizenAI pre-market buying and selling is now LIVE on #Bitget.

Commerce $CATI earlier than it turns into out there for spot buying and selling!

🔥 Commerce now: https://t.co/oxVUzuacGb

— Bitget (@bitgetglobal) July 24, 2024

Telegram will quickly launch a Mini Apps retailer and add web2 assist by the tip of the month. These new additions to the corporate’s growth program is anticipated so as to add extra worth to Catizen’s visibility and enchantment, attracting extra builders and customers to Telegram.

General, Catizen’s rise from a Telegram bot to a multi-million greenback success story reveals how cellular gaming, cryptocurrency and blockchain integration are growing.

Featured picture from Pexels, chart from TradingView





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