The Open Platform (TOP), the masterminds behind the Telegram-backed TON blockchain, just hit the jackpot with a $28.5 million Series A round, catapulting them to a $1 billion valuation. Get ready, U.S. and Europe, TON’s wallet and apps are coming your way! 🚀
Telegram’s Crypto Sidekick TOP Soars to Unicorn Status with Latest Raise
Telegram’s blockchain dreams are about to get a whole lot bigger, folks. The Open Platform (TOP), the brains behind the “Wallet in Telegram” and other TON apps, just announced a $28.5 million Series A funding round, making them a billion-dollar baby. 🎉
Led by the fintech wizard Ribbit Capital and crypto heavyweights like Pantera Capital, this round gives investors a measly 5% of the company. But hey, who’s counting when you’re part of Telegram’s billion-user empire? Especially in places where the crypto wallet is already a main menu staple. 📲💰
With this fresh cash, TOP’s got big plans to bring those sweet integrations to the Western world, where compliance and infrastructure costs are as high as the sky. They’re also cooking up new TON-based goodies, like blockchain games and AI tools that might just change the game. 🎮🤖
This investment is a clear sign that VCs are falling head over heels for Telegram’s crypto ecosystem. TON Foundation has already raked in $400 million from the likes of Sequoia, Draper Associates, and Benchmark. Looks like the future is bright, and it’s filled with blockchain! 🌟
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2025-07-06 09:57