Highlights:
- Catizen and HashKey are collaborating on a new integration to drive TON ecosystem expansion.
- The partnership will develop unique Web3 gaming experiences for users.
- Top executives at Catizen and HashKey have expressed delight in the collaboration, with apparent desires to work as a team.
In an exciting update, Catizen and HashKey have sealed a new partnership deal to boost Toncoin’s (TON) ecosystem development. Interestingly, the collaboration also marked a significant milestone for Catizen’s exposure and journey in Web3.
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For context, HashKey is a leading Asian-based crypto and other digital assets trading platform. On the other hand, Catizen is a renowned play-to-earn (P2E) gaming network on Telegram. Enthusiasts earn rewards by managing virtual cat cities on the gaming network. Considering Catizen’s network kind, it becomes apparent that the partnership will focus mainly on Gaming, interlaced with Web3.
📢 We are thrilled to announce our partnership with @CatizenAI as our first Web3 partner! 🌐
And this is just the beginning—stay tuned for more collaborations between HashKey Global and Catizen! 🐶🐱
Read more 👉 https://t.co/V2fZJJo3Md pic.twitter.com/S6BJMmATYq
— HashKey Global (@HashKey_Global) August 19, 2024
What Does the Collaboration Aim to Achieve?
According to a press release dated August 19, 2024, the HashKay Group noted that the partnership will provide reliable trading digital assets services to Catizen’s over 25 million users. Additionally, both entities will capitalize on Ton’s rapidly evolving ecosystem to develop distinct Web3 users’ gaming experiences.
Part of the company’s released statement read thus, “The two parties will focus on the Ton ecology to provide unique Web3 gaming experiences for global players and digital asset users, working together to build the next generation of GameFi products and global digital entertainment infrastructure.”
Catizen and HasKey Past Records
Considering Toncoin’s vast metaverse, it should not be surprising if enthusiasts are skeptical about Catizen and HashKey’s abilities to drive TON ecosystem development. Expectedly, Catizen and HasKey’s remarkable track record appeared in the press release, underscoring their massive roles in TON ecosystem expansion.
Firstly, since April last year, HashKey has been in a productive partnership with Toncoin. Within the HashKey and Toncoin integration window, TON’s ecosystem has witnessed tremendous achievements. Notably, Toncoin started attracting more institutional investments, with Pantera Capital being one of the most recent. In addition, the coin’s price has been impressive, evidenced by its $8.25 all-time high attained in June 2024.
Other impressive feats included the Tether USDT and Tether Gold (XAUT) launch on the TON blockchain, Telegram Toncoin’s adoption as a payment system for purchasing in platform ads, and several others. On its part, Catizen just got integrated into TON’s ecosystem. However, its track records speak volumes of its capabilities.
For context, Catizen was launched 150 days ago and has attained over 29 million worldwide users’ base. The P2E gaming platform boasts daily active users’ data peaking at 3.5 million. Meanwhile, the number of on-chain users has surpassed 1.8 million, while premium Catizen users have exceeded 2.1 million.
Catizen and HashKey Top Executives React
Commenting on the newly sealed partnership, top bosses in Catizen and HashKey have expressed their excitement about the new collaboration. Ben El-Baz, the Managing Director at HashKey Global, remarked, “Our goal is to provide compliant digital asset services to more players and, together with Catizen, explore the creation of a new paradigm that integrates digital finance and digital entertainment.”
Similarly, Tim Wong, the Chairman of Catizen Foundation, commented, “Together, we are poised to revolutionize the Web3 gaming landscape, leveraging the Ton ecosystem to deliver unparalleled gaming experiences and drive the global adoption of blockchain technology in digital entertainment.”
Toncoin Could Reclaim its ATH Soon
At the time of press, TON is changing hands at about $6.75, reflecting a 2,1% upswing in the past 24 hours. Its current selling price placed TON at about 18.3% below its peak price. Despite the considerable distance between TON’s present market valuation and ATH, its market movements have remained impressive. Toncoin’s 14-day-to-date price change indicated a 32.5% upswing, underscoring a marked recovery from an 8% decline in its 30-day-to-month variable.
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