Folius Ventures has released a comprehensive research report on June 28, 2024, spanning 22 pages, analyzing the potential of Telegram and Catizen. The report is divided into two main sections as follows:
**Telegram x TON**
As of June 2024, Telegram x TON has firmly established itself as a top-tier platform in messaging and blockchain usage. The introduction of mini-applications in 2023 was seen as a transformative event akin to Facebook in 2008 and WeChat in 2018, rapidly increasing daily active users (DAU) and monetization levels.
Key points from the report include:
– Profit Potential: Telegram’s monthly active users (MAU) expenditures are projected to increase 10-30 times compared to WeChat.
– Developer Ecosystem: Telegram’s developer ecosystem is competitively positioned, providing significant opportunities for new developers.
– Recent Integrations: Integrations over the past year with Web3 wallets, USDT, and in-app purchases (IAP) have reduced costs associated with onboarding and enhancing Web3 capabilities, laying a solid foundation for substantial growth in consumer products that support Web3.
While optimistic about its prospects, the report also emphasizes areas for improvement such as Telegram’s HTML5 infrastructure, advertising targeting, and application center distribution. These challenges are viewed as opportunities, particularly in developing Steam-like application distribution platforms on Telegram.
**Catizen**
Folius Ventures considers Catizen a standout in this evolving ecosystem with the potential to become a significant platform on Telegram, akin to a “Mini-Steam” or the next Animoca. Several factors contribute to Catizen’s strong position:
– Early Success: Catizen achieved tremendous success with a popular single, demonstrating viral propagation, high production value, and particularly effective monetization through Web3. Within three months of launch, Catizen registered 20 million users and generated $12 million in revenue.
– Founder’s Experience: The founder’s over five years of successful experience within the ecosystems of WeChat and Facebook are advantageous for Catizen’s future development.
– Strategic Execution: Catizen effectively implemented a developer onboarding program and established an application center. Close ties with the WeChat mini-games ecosystem further strengthen its strategic positioning.
– Future Prospects: A robust pipeline of 150-200 games slated for release within the next six months indicates the company’s ongoing growth and anticipated success.
**Conclusion**
Folius Ventures’ research indicates that Telegram x TON and Catizen are well-positioned for significant growth within the Web3 and application ecosystem. Recent integrations and potential growth in MAU expenditures underscore a promising development environment for Telegram x TON. Simultaneously, Catizen’s early success, strategic positioning, and strong gaming pipeline suggest it will be a key player in driving future growth on the Telegram platform.
The report provides valuable insights for stakeholders interested in understanding the future trajectories of these platforms and their influence on the Web3 application market potential.
[img]
[img]
Related Reports
Following Notcoin’s Surge, Reviewing 10 Potential New Projects in the TON Ecosystem
APR over 80%: How to Exchange, Add Liquidity, Stake, and Cross-Chain on TON’s Largest DEX “DeDust”
RoOLZ: Animated NFT Character Collection Game, Riding the Strong TON and Telegram Ecosystem