Tap-to-Earn Games on Telegram Are the Future of Web3, According to These Investors

The rapid rise of tap-to-earn games on Telegram, powered by The Open Network (TON) blockchain, has attracted significant attention — and funding — from venture capitalists. Investors are placing substantial bets on Telegram tap-to-earn games like Notcoin, Hamster Kombat, and Catizen, seeing them as the future of Web 3.0 gaming.

But what exactly is driving these investment decisions, and how do investors view the future of tap-to-earn? BeInCrypto recently interviewed Animoca Brands, one of the largest TON validators, and Hashkey Capital, which has made significant investments and formed partnerships with Catizen.

Investors See Social Tap-to-Earn Experiences

Undoubtedly, one of the main reasons venture capitalists are drawn to Telegram’s tap-to-earn ecosystem is its large and engaged user base. With 950 million active users as of July 2024, the platform offers an unrivaled audience for developers looking to launch and scale games.

This type of organic reach dramatically reduces user acquisition costs, which is a major selling point for investors. Additionally, its crypto-native infrastructure sets Telegram apart from other platforms in the Web 3.0 gaming space.

Read more: Gaming, Blockchain, and Web3

The integration of the TON blockchain enables seamless transactions, reducing friction between the gaming experience and the user’s wallet. This ease of use is a huge draw for developers and investors alike. It allows for instant monetization without the hurdles typically associated with blockchain adoption:

“Telegram is one of the few platforms where Web3 mechanisms are built into the experience.The ability to move from gameplay to transactions