Binance Labs Leads Investment Round for Pluto Studio, Publisher of Catizen GameFi Platform

Binance Labs, the venture capital and incubation arm of Binance, has made a significant investment in Pluto Studio Limited, the GameFi publishing platform behind the popular game Catizen. Catizen, a gaming bot on Telegram that integrates seamlessly with the TON blockchain, has quickly gained traction since its launch earlier this year.

With a community of around 25 million players, Catizen has become a dominant force in the TON blockchain ecosystem, attracting over 1.5 million on-chain gamers and 500,000 paying users globally. The game’s success has earned it the top spot in The Open League, a TON Foundation program for users, teams, and traders.

Pluto Studio plans to use the new funding to further develop the Catizen platform, including the creation of a mini-app and game engine constructions. This investment from Binance Labs demonstrates their commitment to supporting projects with the potential for mass adoption in the Web3 space.

Yi He, Co-Founder of Binance and Head of Binance Labs, expressed excitement about backing Pluto Studio and their vision for bringing Web3 to a broader audience. Ricky Wong, Co-Founder of Pluto Studio, expressed gratitude for the investment and highlighted their plans to elevate Catizen to new heights with Binance Labs’ support.

Pluto Studio is dedicated to creating innovative and engaging Web3 social entertainment experiences, with Catizen leading the way as their flagship project. The game aims to revolutionize the gaming landscape on Telegram and the TON blockchain ecosystem, offering users a unique and immersive experience.

Overall, this investment from Binance Labs marks a significant milestone for Pluto Studio and Catizen, paving the way for further growth and innovation in the GameFi space.