HashKey Capital, the venture capital arm of Hong Kong-based crypto company HashKey, has made a strategic investment in Pluto Studio, the publisher behind the Telegram-based game Catizen.AI.
In a press release on July 30, HashKey Capital announced that the investment would pave the way for a partnership with Catizen to increase awareness of the TON Mini-Game.
The release noted that Catizen had attracted a significant user base of over 500,000 paying users, distinguishing itself from other mini-apps within the TON ecosystem.
According to the firm, the funds from this investment will primarily be used to develop the mini-game platform, optimise and enhance future projects, and co-build the ecosystem. However, specific details about the size of the investment and the nature of the partnership remain undisclosed.
“HashKey Capital and its broader ecosystem will support Pluto Studio in exploring the potential for a mini-game revolution within the TON network, aiming to establish themselves as leaders in the TON gaming sector,”
the statement read.
The funding announcement for Catizen.AI comes amid uncertainty over the airdrop of its native token, CATI. On July 29, Catizen.AI’s official social media account addressed the delay, citing factors beyond their control but offering no specifics or revised timing for the airdrop.
Meanwhile, this development builds on HashKey’s recent revelation of plans to launch the mainnet for its Ethereum layer-2 solution, HashKey Chain, in Q4 2024.
Announced on July 8, 2024, via the project’s social media, the HashKey Chain will utilise ZK-proof technology to offer low-cost, efficient on-chain services, including trading, investment, and dApp deployment. The network’s native token, HSK, was introduced through an airdrop campaign on July 2, 2024, distributing 10 million $HSK tokens to the community. Participants earned tokens by interacting with a Telegram bot game called “DejenDog” and completing specific tasks, ahead of HSK’s anticipated listing in Q3 2024.
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