TON, the digital asset linked to Telegram, saw a 5.6% increase during Monday’s trading in Asia, outperforming the CoinDesk 20. The broader crypto market, including Bitcoin (BTC) and Ethereum (ETH), remained flat as the business week kicked off.
HashKey’s Strategic Partnership with Catizen
One of the driving forces behind TON’s surge is HashKey’s newly announced partnership with Catizen, a Telegram-based gaming platform featuring various cat-themed mini-games. According to a press release, HashKey will provide regulatory guidance and technical support to enhance Catizen’s blockchain infrastructure. The partnership also aims to enrich gaming experiences within the TON ecosystem.
Focus on Web3 Gaming
Ben El-Baz, Managing Director of HashKey Global, highlighted the significance of this collaboration. “Our focus on the TON ecosystem will bring unique Web3 gaming experiences, fostering the growth of the TON community,” he explained. El-Baz emphasized the opportunity to attract more developers by leveraging Telegram’s vast user base.
Creating a Lasting Impact
Tim Wong, Chairman of the Catizen Foundation, also expressed enthusiasm for the partnership. Wong noted that while many crypto projects struggle with short lifecycles, Catizen aims to leverage Web3’s potential to build a lasting and impactful community. He believes that the integration of experienced game developers and skilled Web3 designers will ensure the project’s long-term success.
Wong further elaborated, “In projects with strong business models, crypto acts as a core support, driving sustained growth. This is evident as the Catizen ecosystem and user base continue to strengthen through robust token incentives.”