In a comprehensive 22-page research report, Folius Ventures has delved into the promising future of Telegram x TON and the Catizen project. This insightful analysis sheds light on the transformative power of Web3-enabled applications within the thriving Telegram ecosystem.
Telegram x TON: Poised for Exponential Growth
Folius Ventures’ report highlights Telegram x TON’s impressive strides in the messaging and blockchain realms. The launch of Mini Apps in 2023 is likened to pivotal moments in the histories of Facebook and WeChat, preceding their meteoric rises in daily active users (DAU) and monetization. Key findings include:
- Monetization Potential: Telegram’s monthly active user (MAU) spending could increase 10-30 times, given its current state compared to WeChat.
- Developer Ecosystem: Telegram’s developer ecosystem is 100 times less competitive than WeChat, offering significant opportunities for new developers.
- Recent Integrations: The integration of Web3 wallet, USDT, and in-app purchases (IAP) has reduced onboarding and ramping up Web3 capabilities, setting the stage for substantial growth in Web3-enabled consumer products.
While areas like Telegram’s HTML5 infrastructure, ad-targeting, and app center distribution require improvement, the report sees these as opportunities to develop a platform akin to Steam for app distribution on Telegram.
Catizen: Emerging as a Telegram Superstar
Folius Ventures identifies Catizen as a standout in the evolving Telegram ecosystem, with the potential to become a major platform, like a “Mini-Steam” or the next Animoca. Several factors contribute to Catizen’s strong position:
- Early Success: Within three months of launch, Catizen achieved 20 million registered users and generated $12 million in revenue, showcasing Web3-induced virality, high production value, and effective monetization.
- Founders’ Experience: The Catizen team brings over five years of successful experience in the WeChat and Facebook ecosystems, which bodes well for its future growth.
- Strategic Execution: Catizen has effectively executed developer onboarding and built an app center. Its close relationship with the WeChat mini-game ecosystem further strengthens its strategic positioning.
- Future Prospects: A strong pipeline of 150-200 games ready to launch within the next six months suggests continued growth and success.
Conclusion
Folius Ventures’ research indicates that Telegram x TON and Catizen are poised for significant growth in the Web3 and app ecosystems. Telegram x TON’s recent integrations and potential for increased MAU spending create a promising environment for development, while Catizen’s early success, strategic positioning, and robust game pipeline suggest it will be a key player in leveraging Telegram’s platform for future growth.
This report provides valuable insights for stakeholders seeking to understand the future trajectory of these platforms and their potential to shape the Web3-enabled app market.