Telegram’s Catizen (CATI) Game Raises $16 Million, Helps Save Stray Cats
The imaginative gaming bot Catizen on Telegram has earned a solid $16 million from in-game purchases in the last few days. This game boasts a massive fan base and has a good impact by helping stray animals – cats, specifically. In addition to being very profitable, it also gives a percent of its profits to animal welfare groups. This combination of giving and fun is adding a whole new dimension for the gaming industry.
One of the most often used games on the Telegram platform, Catizen is a virtual realm dedicated just to feline-themed adventures and has drawn an amazing 26 million users. These ideas come together in this small app that blends games, Artificial Intelligence, crypto and the metaverse.
Catizen: Technical Triumph
Catizen stands out because it works perfectly with The Open Network (TON) blockchain. Not only did TON’s smart contracts help Catizen improve its in-game prizes, they also let other developers start Telegram blockchain-based projects.
Image: GitHub
Pavel Durov, the founder of Telegram, has praised the Catizen team for its efforts. Renowned for his love of both technology and animals, Durov has shown excitement about the success of the game and its part in introducing blockchain technology to a wider audience.
Dogizen, his next gaming project, attempts to bring the feline obsession into the canine sphere, therefore augmenting Telegram’s portfolio of digital breakthroughs.
Source: Pavel Durov/Telegram.
Investors Pounce: Binance Labs Makes Catizen Bet
People who work with investments have seen how well Catizen has done. Binance Labs, the venture capital part of the biggest cryptocurrency exchange in the world, has put money into Pluto Studio, the company that made Catizen.
We’ve invested in @PlutoVisionLabs
Pluto Studio is the GameFi publishing platform that launched @CatizenAI.
Read more👇https://t.co/QmfVDnetyd
— Binance Labs Fund (@BinanceLabs) July 23, 2024
As of July 24, the price of CATI on the pre-market of the Bitget exchange has gone up by almost 300%. It began trading at $0.24 and went up to 0.43 USDT an hour after the official pre-market launch. It then went above $0.5 a few hours later and reached a high of $0.69 on the same day.
$CATI @CatizenAI pre-market trading is now LIVE on #Bitget.
Trade $CATI before it becomes available for spot trading!
🔥 Trade now: https://t.co/oxVUzuacGb
— Bitget (@bitgetglobal) July 24, 2024
Telegram will soon launch a Mini Apps store and add web2 support by the end of the month. These new additions to the company’s expansion program is expected to add more value to Catizen’s visibility and appeal, attracting additional developers and users to Telegram.
Overall, Catizen’s rise from a Telegram bot to a multi-million dollar success story shows how mobile gaming, cryptocurrency and blockchain integration are developing.
Featured image from Pexels, chart from TradingView
