The race to become the de-facto Steam / Animoca on $TON starts now, and we like @CatizenAI as the current frontrunner. Read Folius Report here (EN): docsend.com/view/xqqbnterzep… ---------- After spending time on Telegram x $TON, it’s becoming clear to us that in the next 3-6 months, a ton of (no pun intended) H5 mini-app devs are about to onboard & build out the ecosystem (already evident w/ clickers). We believe this app narrative is likely underappreciated by the broader $ETH / Base / $SOL CT cabal, and as a result we are very likely going to see (a) new token playbooks on $TON similar to that of DeFi / NFT / VC-infra, and (b) massive 20-100x type wins within this ecosystem. In particular, Telegram’s nascent Infra & ecosystem lends itself very well to a social x gaming behemoth establishing dominance early & capturing significant value – and we believe the fastest horse currently to be the Catizen team @CatizenAI (amongst a sea of clickers). ---------- The report is split into 2 pieces, 1st part about Telegram x TON, and the 2nd part about Catizen. We believe that: - Telegram x TON is on the cusp of massive Web3-enabled app growth, and - That Catizen, amongst others, could be the fastest horse to become the “Mini-steam / Next Animoca” on Telegram to monetize the traffic. As of June 2024, Telegram x TON has worked its way solidly into the tier-1 camp both as a messenger app with 900 mm MAU and as a blockchain platform w/ usage rivaling that of $BASE and $SOL. - We believe that with the launch of its Mini Apps effort circa 2023, the 2024 Telegram ecosystem reminds us of Facebook in 2008 and WeChat in 2018 – just prior to explosive DAU and monetization ramp after the launch of Mini Apps respectively. - In particular, if we benchmark Telegram to WeChat today, we believe that per MAU spend on Telegram still sees 10-30x upside easily, while the developer ecosystem remains 100x less competitive. - With Web3 wallet, USDT, and IAP (In-app-purchase) all integrated within the past 12 months, the onboard, onramp, and onchain cost for Web3 is significantly reduced – the stage is now set for explosive Web3-enabled 2C product growth on Telegram in the foreseeable future. While Telegram’s H5 infra, ad-targeting, and app-center-distribution stills leaves much to be desired (as well as difficulty in smart contract dev), we believe that a Steam-like platform to onboard, launch, and distribute thousands of apps on Telegram is a sizable opportunity -- and we believe that Catizen could be the fastest horse in this race. Not only do we believe that the ecosystem will quickly move beyond clickers in 2-3 months, but also that Catizen so far inspired confidence via: - A single-title hit demonstrates remarkable Web3-induced virality, production value, AND monetization at this stage of the Telegram ecosystem, as evident by its 20 mm in registered users and 12 mm USD in revenue 3 months into launch, - The founders’ 5+ years tenure of success in both the WeChat + Facebook ecosystem, as well as building out the app infra along the TON team since mid-2023 , - Its execution on dev-onboarding and app-center-building, - Its proximity to the WeChat mini-game ecosystem – with a strong pipeline of 150-200 games ready to launch in the next 3-6 months. We look forward to seeing the $CATI flywheel in motion. Disclosure: Folius Ventures is an investor in Catizen and its parent company Pluto Studio.

🚀Thrilled to announce WSPN's $30 million seed funding, backed by @ForesightVen and @FoliusVentures! We're on a mission to revolutionize #DigitalPayment : 🌟 Empowering users with value distribution 🗳️ Implementing community-driven governance 🔓 Enhancing accessibility to digital assets 🌐 Building a comprehensive financial ecosystem Join us in shaping the future of decentralized finance with #WSPN! More Information: wspn.io/news_detail.html?id=… #Web3 #SeedFunding #Stablecoin2 #WUSD

🚀BANG BANG BANG! We've hit a monumental $10M in our A-2 funding round, skyrocketing our total to $20M. A rousing welcome to our new allies - @FoliusVentures, @SevenXVentures , @ABCDELabs , @fslweb3 (makers of @stepnofficial & @gasheroofficial) , @initiatecapital, and @JamboTechnology - thrilled to have you onboard! 🙌 To our esteemed veteran investors - Hana Financial Investments, @HashKey_Capital , @ambergroup_io, @SevenXVentures and @7upDAO - immense thanks! You've been the wind beneath our wings. Has Matr1x lived up to your expectations? 😉 💥 Let's celebrate this thrilling milestone! Join our week-long fiesta and grab your chance at 3 KUKU-List & 15 LUCKY-List spots. Be a part of the evolving Esports + Gaming + IP&Co-Creator Economy landscape. 🔗 Funding News: decrypt.co/207166/matr1x-fir… 🎁 GA task: superful.xyz/matr-1-x-kuku-3… KUKU Katcha, speeding up🚀🐾