Pixelverse, one of the leading players in the Web3 gaming industry, has announced the launch of the Solana cat-themed meme coin, Mew, on the Telegram ecosystem.
This meme coin will be a Web3 addition to the wide range of mini-games that Pixelverse has launched on Telegram.
According to Pixelverse’s co-founder, Pixelverse went beyond simply creating a game to becoming a retail-friendly platform that can attract attention across the Web3 space while enabling millions of people to access its products.
“The partnership is possible as Pixelverse aims to integrate other IPs into their Pixelverse Universe. The more strong and successful Web3 IPs integrated into Pixelverse, the stronger Pixelverse becomes,” the co-founder said.
The launch comes as Telegram continues to be an ideal ecosystem for gaming. Two Telegram-based games whose popularity has soared in recent years are Notcoin and Hamster Kombat.
Pixelverse Brings Mew Meme Coin to Telegram
Pixelverse has now brought one of the most reputable meme coins on the Solana network to the Telegram ecosystem.
This integration will introduce a Solana feature to The Open Network (TON) ecosystem, whose growth in the blockchain industry has been nothing short of phenomenal.
Through this integration, Pixelverse seeks to benefit the two ecosystems. It aims to portray the potential of Solana meme coins across the Web3 industry while introducing another crypto feature to the TON network.
Pixelverse will not be bringing the actual Mew token to its gaming ecosystem. Instead, the IP will be coming to Pixelverse, allowing the Mew character to feature within Pixelverse games.
Mew will be the latest addition to the growing number of meme coins launching on the Pixelverse ecosystem, including Dogecoin.
These integrations come when the Pixelverse ecosystem is witnessing considerable growth. Over 50 million users attempted to access Pixelverse games within the first month of being launched on Telegram.
Given the messenger’s vast user base, it is easy to see why these games have become increasingly popular.
Pixelverse’s success in gaming has also caused the platform to attract venture capitalists. In June, it raised $5.5M in a seed funding round that attracted investors like Merit Circle, Delphi Ventures, and Mechanism Capital.
TON Blockchain’s Explosive Growth
The recent development comes as the TON network continues to record explosive growth. In May, the network’s total value locked (TVL) stood at a little over $300 million. However, this TVL has since soared amid a rise in decentralized application (DApp) activity.
Data from DeFiLlama shows that TON is now the 13th largest blockchain network by TVL. Its TVL currently stands at $687M, an over two-fold increase in barely two months.
The explosive growth of the TON blockchain has seen it increasingly targeted by phishing attacks targeting vulnerable TON wallets.
Besides the network growth, TON network’s native token, Toncoin, has also recorded a significant uptick in price, and it now ranks as the ninth-largest cryptocurrency by market capitalization.
