HashKey Group partners with Catizen to improve GameFi and digital entertainment, hence increasing Toncoin’s market penetration.
HashKey Group, a prominent digital asset financial services provider in Asia, has formed a collaboration with Catizen, a leading Web3 mini-game.
This partnership marks Catizen as the first Web3 partner for HashKey, aiming to advance the future of GameFi and global digital entertainment infrastructure.
HashKey Partners with TON Mini-Game Catizen
HashKey Group’s involvement with the TON Foundation in April has been instrumental in this effort.
The collaboration with the TON Foundation is focused on developing the TON ecosystem, which Catizen has also utilized. Since its launch, Catizen has attracted over 29 million users worldwide.
The primary objective of this partnership is to enhance gaming for global audiences in the Web3 space.
These enhanced services will be provided through HashKey Global, the licensed exchange, enabling the creation of a secure and stable platform for digital assets.
HashKey Group Innovation and Regulatory Compliance
This collaboration is not just about expansion but also about innovation and legal compliance. The financial services provider will offer regulatory compliance and blockchain back-end services to ensure that Catizen’s digital products are unique and meet international standards.
This support is crucial for maintaining the efficiency and stability of blockchain-based entertainment applications.
Ben El-Baz, Managing Director of HashKey Group, highlighted the significance of this partnership, stating, “We are excited to continue participating in the global digital entertainment industry innovation based on our collaboration within the Ton ecosystem. Our goal is to provide compliant digital asset services to more players and, together with Catizen, explore the creation of a new paradigm that integrates digital finance and digital entertainment.”
Solana, Dogecoin, and Avalanche Perp Contracts Listing
In a related update, HashKey Global has introduced new perpetual contracts for Solana, Dogecoin, and Avalanche.
These products allow traders to engage in various trading activities with leverage up to 10 times.
This move is part of HashKey Global’s broader strategy to expand its derivatives services in response to trends in the global crypto market.
Toncoin Market Reaction
Additionally, there has been a significant token burn event within the TON ecosystem, which has enhanced its value proposition.
To date, half of the $INVITE tokens have been burned, with 500 million tokens permanently removed from circulation, including 400 million from mining, 25 million from project development, 25 million from the community, and 50 million from the ecosystem fund.
As a result, Toncoin has seen a marked increase in market activity, with a 24-hour trading volume surge of 154.32%, amounting to $462,323,563.
This rise in trading volume reflects growing investor interest and market liquidity, likely driven by recent developments.
Currently, Toncoin is priced at $6.80, showing an 8.18% increase over the past week, consistent with a broader upward trend in its market value.
Moreover, Toncoin’s market capitalization has grown by 4.11%, reaching around $17.1 billion, ranking it eighth globally among cryptocurrencies.
This growth is further supported by an increase in daily active users and expanding utility within the crypto ecosystem.
