Binance Labs has invested in Pluto Studio, the GameFi publishing platform behind the Telegram-based web3 game Catizen. The gaming bot attracted the interest of investors in recent months as positive sentiments dominated the market. Binance Labs continues to support crypto startups to improve innovation in the industry.
Binance Labs Leads Funding Round
In a new release, Binance Labs disclosed that it led an investment funding round for the GameFi projects that launched Catizen. The venture capital arm of the largest crypto exchange Binance is known for financing web3 firms. According to the release, Pluto Studio will use this funding to drive market growth supporting the Catizen mini app alongside game engine constructions.
This will create an easy pathway to onboard new developers for the project. Yi He the co-founder of Binance Labs expressed delight in the latest funding round pointing to the potential to onboard more users of web3. “Binance Labs is always excited about supportin
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