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Cryptocurrency News Articles
HashKey Group Partners With Telegram Mini App Catizen to Develop GameFi Products
Aug 19, 2024 at 04:01 pm
HashKey Global exchange will provide Catizen users with regulatory “compliant and reliable digital asset services.”
Digital asset financial services provider in Asia, HashKey Group, has announced its partnership with Telegram Mini App, Catizen, becoming the group’s first Web3 partner.
According to a press release shared with Cointelegraph, the licensed HashKey Global exchange will provide Catizen users with regulatory “compliant and reliable digital asset services.”
The collaboration will “focus on the Ton ecology,” marking a milestone for both entities as they work together to develop gaming finance (GameFi) products and “global digital entertainment infrastructure.”
HashKey's decision to choose Catizen
The digital asset firm's decision to collaborate with Catizen comes amid the rapid growth of The Open Network (TON) ecosystem.
In an exclusive interview with Cointelegraph, Ben El-Baz, managing director of HashKey Global, highlighted the factors that led the firm to partner with Catizen:
El-Baz told Cointelegraph that he has “observed many experienced teams” working on Ton projects in decentralized finance (DeFi) and “games like Catizen.”
Catizen and Web3 GameFi
Tim Wong, chairman of the Catizen Foundation, discussed the challenges of GameFi and its implications for Web3 games:
Wong emphasized the importance of data tracking for measuring user engagement, adding that “a well-designed back-end system” is crucial for a project's decision-making and market strategy implementation:
Launch of TON Ventures fund
On Aug. 14, former TON Foundation executives announced the launch of the TON Ventures fund, a new venture capital (VC) firm with $40 million in funding to support early-stage crypto projects on TON.
Speaking to Cointelegraph, Ian Wittkopp, the former director of TON Accelerator, said that the VC firm will provide “new support and capital” to early-stage TON-based startups.
The VC firm aims to connect investors with builders to facilitate accelerated growth and innovation throughout the TON ecosystem.
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