Folius Ventures Releases Comprehensive Research Report Analyzing the Potential of Telegram and Catizen
On June 28, 2024, Folius Ventures published a 22-page comprehensive research report analyzing the potential of Telegram and Catizen. The report is divided into two main sections, with key insights as follows:
Telegram x TON Poised for Growth in Web3 Applications
As of June 2024, Telegram x TON has firmly established itself as a leading platform in messaging and blockchain usage. The introduction of mini-applications in 2023 was seen as a transformative event, similar to Facebook in 2008 and WeChat in 2018, with rapid growth in daily active users (DAU) and monetization levels.
Key points from the report include:
– Profit Potential: Telegram’s monthly active users (MAU) expenditure could increase 10-30 times compared to WeChat.
– Developer Ecosystem: Telegram offers new developers significant opportunities, albeit with 100 times less competitive intensity than WeChat.
– Recent Integrations: Over the past year, integrations with Web3 wallets, USDT, and in-app purchases (IAP) have reduced costs associated with adopting and enhancing Web3 functionalities, laying a robust foundation for substantial growth in consumer products that support Web3.
While the outlook is optimistic, the report also highlights areas for improvement such as Telegram’s HTML5 infrastructure, targeted advertising, and application center distribution. These challenges, however, are viewed as opportunities, especially in developing application distribution platforms similar to Steam on Telegram.
Catizen Identified as a Leading Platform on Telegram
Folius Ventures views Catizen as a standout in this evolving ecosystem, potentially becoming 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 significant success with a popular single, demonstrating viral propagation, high production value, and effective monetization spurred by Web3. Within three months of its launch, Catizen attracted 20 million registered users and generated $12 million in revenue.
– Founder Experience: The founder’s extensive experience within the ecosystems of WeChat and Facebook, spanning over five years, positions Catizen favorably for future development.
– Strategic Execution: Catizen effectively implemented a developer onboarding program and established an application center, strengthening its strategic positioning with close ties to the WeChat mini-game ecosystem.
– Future Prospects: A robust pipeline of 150-200 games set to launch within the next six months indicates continued growth and success for the company.
Conclusion
Folius Ventures’ research indicates that Telegram x TON and Catizen are well-positioned to achieve significant growth within the Web3 and application ecosystem. Recent integrations and potential MAU expenditure growth provide a promising development environment for Telegram x TON. Meanwhile, Catizen’s early success, strategic positioning, and strong gaming pipeline suggest it will be a key participant in driving future growth on the Telegram platform.
This report offers valuable insights for stakeholders interested in understanding the future trajectories of these platforms and their impact on the Web3 application market.
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