Blockchain
Accelerated By Binance Labs Telegram Game Publisher Hits 1 Million MAUs with Its First Hit
TonTon Games, a Telegram gaming publisher launched in 2024, announces that its first GameFi project, DRFT Party, has reached 1.1 million monthly active users (MAU) in just one month, with 15% of them being paying users. This success showcases the game’s promise within the TON ecosystem, demonstrating the long-term potential of GameFi projects in Web3.
TonTon Games receives over 25 requests each week from international developers seeking assistance with publishing and promoting games on Telegram, with the majority coming from Europe, the UK, and CIS countries. Before being published, each game must satisfy key criteria: it should feature planned on-chain activity, exhibit visual and gameplay coherence, and have built-in in-game monetization. Today, the company has vetted 10 more games from international developers, all set for release by the end of 2024.
TonTon Games aims to become the leading game publisher on Telegram, with the ambitious goal of having up to 5 of the top 10 apps within a year be titles they have published. With 950 million monthly users, and approximately 20% of them engaged with games, Telegram, the fourth-largest messaging app globally, and the development of TON (The Open Network) have made Web3 games accessible to a mass audience.
DRFT Party is the first Web3 game published by TonTon Games, developed on the TON blockchain. In the game, players merge cars, collect NFTs, and race against others. Since its release on August 5, the game has attracted over 1 million users, thanks to its easy-to-play and highly engaging mechanics. DRFT Party already generates five-figure monthly revenue through in-app purchases.
Anton Trofimov, CTO of Fibrum, the developer behind the DRFT game, said: “TonTon played a key role in shaping the game to make it appealing to Web3 gamers, incorporating Web3 mechanics, promoting the product, and building a buzzing in-game community. As a result of their efforts, DRFT is already among the Top 10 Grossing Apps on Telegram, and there’s more to come.”
TonTon Games leverages its expertise in technology, gaming, and blockchain to publish successful games within the Telegram mini apps ecosystem. The company offers services that include attracting up to 1 million initial users for early in-game tests. If the project shows strong growth potential during these tests, TonTon Games uses both its own and partner applications to promote the game to a wider audience of over 50 million users. Additionally, TonTon Games provides expert guidance on game mechanics, on-chain activities with the TON blockchain, and support for building strong communities.
Daniil Shcherbakov, CEO & co-founder of TonTon Games, says: “While the majority of users in the current TON gaming market are Web3 enthusiasts, the market is evolving. As it matures, we expect an influx of casual players and Web2 developers. We are anticipating this moment, and when it arrives, we aim to be the leading publisher, making Web3 projects more engaging and attractive to a mass audience. We’re thrilled with DRFT’s success, and this is just the beginning of our journey.”
In August 2024, TonTon Games was accepted into an incubation program by Binance Labs, the venture capital and incubation arm of Binance, the global leader in blockchain ecosystem and cryptocurrency infrastructure. The program is designed to provide early-stage projects building innovative Web3 solutions with a tailored curriculum to ensure their successful development and growth. This acceleration will further deepen the TonTon Games team’s expertise in crypto and Web3, benefiting the games the company publishes.
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Blockchain
$FAR Token ranks first on Bybit exchange and soars to 44%following staking program launch: Coingecko
Farcana — United Arab Emirates based Bitcoin shooter game, has announced that its $FAR token is now ranked first on Bybit exchange. This development comes after the launch of its staking program, which offers users a 60% annual percentage rate (APR) on their $FAR tokens.
The staking program requires users to utilize the Polygon network for staking their announcement. Following the announcement, $FAR token soared to 44% according to Coingecko.
Founded in 2022, Farcana recently raised $10 million in seed funding from Animoca Brands, Polygon Ventures, Fenbushi Capital, and Merit Circle among others. It is built on Unreal Engine 5 and Farcana shares a similar graphical style with Overwatch, a team-based multiplayer first-person shooter game by Blizzard Entertainment. The game is understood to operate under a free-to-play model.
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A new Ethereum meme coin, Pochita ($POCHITA), has made headlines after skyrocketing in value shortly after its launch. According to on-chain data, one trader turned an initial investment of $3,000 into $150,000 in under three hours, reflecting a near-5000% profit. This rapid surge has drawn comparisons to other meme coins like Bonk ($BONK), which gained significant attention in the Solana ecosystem.
Pochita launched on October 2, 2024, quickly reaching a $20 million market cap within 9 hours, despite the broader crypto market contracting by 2.9% over the past 24 hours. The meme coin sector also dipped 3.2%, now valued at $47.5 billion. Despite the falling prices, Pochita’s rapid rise suggests strong investor sentiment around meme coins remains, especially following recent Federal Reserve interest rate cuts.
Though meme coins are known for their volatility and lack of clear fundamentals, they can provide quick gains for traders. Pochita is being discussed as a potential successor to Bonk, and if it continues its growth, it could join the ranks of other top meme coins like Dogecoin, Shiba Inu, and Pepe Coin.
At the same time, other projects such as Crypto All-Stars ($STARS) are providing new avenues for meme coin holders by offering a unified staking platform where users can stake various meme coins and earn rewards. Crypto All-Stars has already raised over $1.9 million in its presale, indicating strong interest in platforms that provide utility and passive income opportunities for meme coin enthusiasts.
Source: cryptonews.com
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A recent Binance report highlights critical risks in the cryptocurrency market, warning of the dangers posed by inflated valuations and centralized token ownership. The report cautions that if these issues remain unaddressed, they could destabilize the long-term stability and growth of the crypto industry.
Valuation Concerns: The report emphasizes that overvaluation, particularly in newly launched tokens with low circulating supply, could lead to market bubbles and poor performance. Venture capital funds, which once aggressively invested in crypto, are now scaling back and shifting focus to sectors with more sustainable valuations. As the market becomes saturated with new tokens, the circulating supply could increase exponentially, further straining performance.
Centralization of Token Ownership: Binance also flags the risks of centralization, where large tokenholders dominate ownership. This concentration of power can result in governance issues, market manipulation, and potential crashes caused by sudden sell-offs. The report stresses the need for decentralized control and broad participation to maintain the integrity and resilience of crypto projects.
Transparency and Trust: To mitigate these risks, the report underscores the importance of transparency in fund management. A lack of clear disclosures can erode stakeholder trust and harm project sustainability. Binance notes that greater transparency, like the adoption of proof-of-reserves by platforms such as Coinbase, is crucial for fostering responsible financial management and building long-term trust in the market.
In conclusion, the report urges the crypto industry to prioritize decentralized governance and transparency to ensure sustainable growth and maintain market confidence.
Source: cointelegraph.com
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