2. Market Analysis

• Rapid growth of the TON ecosystem (e.g., success of Hamster Kombat, reaching hundreds of millions of users)

• Increasing demand for high-yield Web3 investment products (especially GameFi projects on TON)

• Within GameFi (= game × finance, a Web3 model where players earn rewards through play), projects combining "cute aesthetics × stable income × regulatory compliance" are extremely rare