Binance Labs Backs GameFi Innovator Pluto Studio

Binance Labs Backs GameFi Innovator Pluto Studio

Binance Labs, a leading blockchain investment firm, has recently announced a strategic investment in Pluto Studio, a GameFi publishing platform known for its popular Telegram-based gaming bot, Catizen. This investment is expected to propel Pluto Studio’s growth and expand its innovative gaming ecosystem.

The investment from Binance Labs will be used to accelerate the development and expansion of Catizen, particularly focusing on enhancing its mini-app and game engine. Additionally, the funding will support the onboarding of more developers to strengthen the platform’s technological infrastructure.

Ricky Wong, co-founder of Pluto Studio, expressed excitement about the partnership with Binance Labs, stating that the investment validates their vision and confidence in driving the next wave of Web3 entertainment. Wong believes that the backing from Binance Labs will elevate Catizen to new heights within the Web3 gaming sphere.

Catizen has already made a significant impact within the Telegram and TON blockchain ecosystems since its launch in March. With over 25 million players and 1.5 million on-chain gamers, Catizen has attracted more than 500,000 paying users globally. The platform’s success in TON Foundation’s incentive program, The Open League, further solidifies its dominance in the gaming space.

Looking ahead, Pluto Studio plans to release additional mini-games and launch a dedicated mini-app center that integrates Launchpool features, short videos, and e-commerce. These initiatives aim to capitalize on the growing interest in gamification and play-to-airdrop strategies to attract more users to the ecosystem.

With the support of Binance Labs, Pluto Studio is well-positioned to continue innovating in the GameFi space and shaping the future of Web3 entertainment.