Catizen is a groundbreaking web3 social entertainment platform on Telegram, aiming to create a decentralized application that integrates mini-games, short dramas, and e-commerce. With a recent investment from Binance Labs in its publisher Pluto Studio, Catizen is poised to make waves in the gaming and blockchain communities.
Profiles of Co-Founders CEO David Mak & CMO Pierce Tam
David Mak, the co-founder and CEO of Pluto Studio and Catizen, brings a wealth of experience to the table. He is also the Web3 Director of Credito Capital and the COO of Yao Teng Investment Fund. Mak has a strong background in technology, real estate, private equity investment, and web3 innovation. His expertise in strategic planning, organizational operations, and team leadership has equipped him with the business acumen necessary to navigate the challenges of industries undergoing technological disruptions. As a thought leader and influencer in the information technology landscape, Mak is dedicated to revolutionizing the gaming industry through decentralized solutions.
Pierce Tam, the CMO of Pluto Studio, is an experienced portfolio manager, investment advisor, and web3 innovator. With a strong foundation in the financial services industry, Tam has embraced emerging technologies and become a recognized leader in both traditional finance and the web3 world. Holding multiple SFC licenses, Tam has demonstrated exceptional skills as a seminar-closing speaker and has built a reputation as a knowledgeable and influential figure. His passion for decentralized applications and blockchain technology drives his efforts to shape the future of gaming in the web3 era.
Recent Investment from Binance Labs
Binance Labs, the $10 billion venture capital and incubation arm of the crypto exchange Binance, has invested an undisclosed sum in Pluto Studio, the publisher of the popular Telegram game Catizen. This investment, structured as an equity, strategic II round, marks a significant milestone for Pluto Studio. Previous rounds of funding include a $2.2 million seed round and a $4 million strategic I round, with notable investors such as HashKey Capital and The Open Platform (TOP).
Pluto Studio, which published Catizen in March, has quickly gained traction in the gaming community. Catizen is a "tap-to-earn" game, offering players rewards for interacting with the game. The primary game is a roulette wheel that users spin to determine their rewards. Since its launch, Catizen has amassed around 25 million players, including 1.5 million on-chain gamers and over 500,000 paying users globally. The game's success is attributed to its authentic user data and strategies to deter bots, ensuring a fair and engaging experience for all players.
Catizen's Huge Player Base and Following
Catizen's impressive player base of 25 million players and its following of 1.9 million on X (formerly Twitter) are testaments to its success. The game's appeal lies in its engaging gameplay and the opportunity for players to earn rewards. By integrating blockchain technology, Catizen offers a unique gaming experience that attracts a diverse audience, from casual players to blockchain enthusiasts.
A New Era for Web3 Gaming
The recent investment from Binance Labs and the support of a robust player base position Catizen at the forefront of the web3 gaming revolution. With the leadership of David Mak and Pierce Tam, Pluto Studio is set to continue its innovative journey, bridging the gap between traditional gaming and blockchain technology. Catizen's integration of mini-games, short dramas, and e-commerce on Telegram creates a comprehensive and immersive social entertainment platform.
As the game continues to grow and evolve, it will undoubtedly shape the future of web3 gaming, offering players new and exciting ways to engage with decentralized applications. The collaboration between Pluto Studio and Binance Labs marks a significant step towards a decentralized entertainment ecosystem that promises to revolutionize the gaming industry.
A Bright Future Ahead
With its innovative approach and strong backing, Catizen is poised to lead the way in the web3 gaming space. The game's rapid growth, authentic user engagement, and strategic partnerships highlight its potential to become a cornerstone of decentralized entertainment. As Catizen continues to expand and innovate, it offers a glimpse into the future of gaming, where blockchain technology and social interaction converge to create a dynamic and rewarding experience for players worldwide.