Telegram's Ton Ecosystem and Catizen Social Game Drive Growth in Mini-App Ecosystem

IconCryptoNewsTerminal Staff03 Jul, 2024

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Telegram's Ton Ecosystem and Catizen Social Game Drive Growth in Mini-App Ecosystem

According to Cointelegraph, a report by Web3 specialist investment firm Polyus Ventures, "Telegram and the TON (The Open Network) ecosystem are expected to continue to grow through web3-based applications. Among them, the TON ecosystem AI-based cat breeding game Catizen is currently the most successful social game among Telegram mini-apps. Catizen is leading the future of Telegram-based games, and the Telegram mini-apps ecosystem is expected to grow rapidly along with it." The report said, "The emergence of Telegram mini apps last year is reminiscent of Facebook's explosive growth in 2008 and WeChat's in 2018, when they began implementing DAU-based traffic monetization. Catizen has the most effective traffic monetization model among Telegram mini apps. Just three months after its launch, it has surpassed 20 million registered users and generated $12 million in revenue. Furthermore, Catizen plans to onboard a pipeline of 150-200 games onto their platform over the next six months through a close relationship with the WeChat mini-games ecosystem. Catizen has the potential to become a leading platform in the Telegram mini-app ecosystem, similar to Steam or Animoca Brands."

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