Telegram's Web 3.0 realm debuts its first Unicorn, The Open Platform, valuing it at $1 billion.
**The Open Platform: Driving the Future of Crypto Adoption within Telegram**
The Open Platform (TOP), a leading tech company based in Telegram, has reached a significant milestone, becoming the first unicorn in the Web 3.0 ecosystem within Telegram with a valuation exceeding $1 billion. This achievement was made possible through a $28.5 million Series A funding round led by Ribbit Capital, with participation from Pantera Capital and other investors.
As the main developer behind Telegram's TON Blockchain products and ecosystem, TOP is building the infrastructure and consumer-facing apps for this innovative platform. Notable apps include the Wallet in Telegram, Tonkeeper, STON.fi, Getgems, Tribute, and Notcoin, which provide seamless access to cryptocurrencies and decentralized services, such as decentralized exchanges, NFT platforms, and blockchain gaming.
The TON Blockchain is a fully decentralized, scalable Layer-1 network and the exclusive blockchain partner of Telegram Messenger. With over 15 million wallets created on TON via Telegram, user adoption is significant.
Moving forward, TOP is focusing on geographical expansion, targeting the U.S., European Union, and other strategic regions to broaden the TON ecosystem globally. This expansion includes substantial investment in go-to-market strategies, regulatory licensing, compliance, and security enhancements to ensure sustainable, long-term growth.
Leveraging Telegram's vast global user base as a distribution channel is a key element of their plan to scale blockchain adoption. TOP also aims to incubate new projects in emerging fields such as gaming and artificial intelligence (AI) on the TON blockchain.
The company continues to build a robust ecosystem with Toncoin as the default currency, supported by growing institutional interest, as evidenced by $400 million in Toncoin acquisitions by major firms like Sequoia and Benchmark.
Micky Malka, founder of Ribbit Capital, believes that the Open Platform's vision opens a new frontier of opportunities for builders and users on a global scale. The investment made in TOP positions it as a critical player in the future of crypto-enabled mobile experiences within Telegram and beyond.
For more information, users can visit the Open Platform's website or contact Anna Lebedeva for public relations inquiries regarding the Open Platform.
- The Open Platform (TOP), with its focus on cryptocurrency and blockchain technology, is expanding its reach globally to regions like the U.S. and European Union.
- As part of its growth strategy, TOP is planning substantial investment in go-to-market strategies, regulatory licensing, compliance, and security enhancements for altcoins and decentralized services like NFT platforms and blockchain gaming.
- Micky Malka, founder of Ribbit Capital, emphasizes that TOP's vision offers a new frontier of opportunities for investors and builders in the crypto and technology sector, positioning TOP as a crucial player in the future of crypto-enabled mobile experiences.
