HashKey’s crypto venture capital arm has announced a strategic investment in Pluto Studio, the publishing platform behind the Telegram-based game Catizen.AI.
HashKey Capital, the venture capital arm of Hong Kong-based cryptocurrency company HashKey, has backed Pluto Studio, the publishing platform behind the Telegram-based game Catizen.AI, with a “strategic investment” in a bid to deepen its presence in the gamefi sector.
On July 30 press releaseThe Hong Kong-based venture capital firm said that following the funding, HashKey Group will also announce an “upcoming partnership with Catizen to boost awareness of TON Mini-Game,” although specific details regarding the investment amount and nature of the partnership were not disclosed.
According to HashKey Capital, Catizen has built a base of “over 500,000 paid users,” adding that this group sets the project apart “from other micro-applications” in the TON ecosystem.
“With Pluto Studio planning to launch over 18 additional games, this strong user base has great potential for future growth.”
Hashki Capital
Proceeds from the funding will reportedly be used to develop the microgaming platform, promote future projects, and participate in the development of the ecosystem. HashKey Capital will also support Pluto Studio in exploring “the potential to revolutionize microgaming within the TON ecosystem,” according to the press release.
The funding announcement comes despite ongoing uncertainty surrounding the airdrop of Catizen.AI’s native token, CATI. It was initially scheduled to launch in July, but the airdrop was delayed. On July 29, the official Catizen.AI company addressed the delay, saying “There are aspects that are not entirely under our control,” he added, without providing further details on the reasons or the new timing of the airdrop.
Catizen.AI isn’t the only project facing scrutiny over delayed token launch. Another Telegram-based project, Tapswap, has also faced scrutiny. delay Its code has been released several times, with the latest update pushing the launch to Q3. Hamster Kombat, another Telegram-based mini-app, has faced similar challenges.
Hamster Kombat, another Telegram-based mini-app, has yet to announce when its token will launch. Although several cryptocurrency exchanges have added the HMSTR token for pre-market trading, it has yet to be officially listed. In Russia, where the Hamster Kombat development team is rumored to have possible ties, lawmakers have proposed banning the app over concerns about potential scams.
