The Open Platform (TOP), the pioneering tech company driving TON-based innovations within Telegram, has achieved unicorn status with a $1 billion valuation following a successful $28.5 million Series A funding round. This milestone solidifies TOP’s position as the first unicorn in the Telegram Web3 ecosystem, backed by prominent investors like Ribbit Capital and Pantera Capital.
Key Highlights of the Funding Round
- Lead Investor: Ribbit Capital (known for early investments in Coinbase and Revolut).
- Participant: Pantera Capital, reinforcing confidence in TON’s ecosystem.
- Total Funding: Over $70 million secured to date, accelerating global expansion.
- Valuation: $1 billion, marking TOP as Telegram’s first Web3 unicorn.
👉 Explore how TOP is revolutionizing Telegram’s economy
Strategic Expansion and Ecosystem Growth
TOP’s roadmap focuses on scaling blockchain adoption via Telegram’s massive user base (1 billion+). Key initiatives include:
- Geographic Expansion: Launching portfolio companies in the U.S., EU, and other strategic markets.
- Infrastructure Investment: Enhancing compliance, security, and go-to-market strategies.
Consumer Apps: Developing finance, gaming, and entertainment solutions like:
- Wallet in Telegram – Integrated crypto wallet.
- Notcoin – Viral Tap-to-Earn game.
- STON.fi – Leading TON-based decentralized exchange.
"We’re combining TON Blockchain with Telegram’s reach to onboard a billion users to crypto," said Andrew Rogozov, TOP’s CEO.
Why Investors Are Betting on TOP
- Telegram’s Distribution Power: Unparalleled access to a global audience.
- TON Blockchain: Fully decentralized, scalable, and Telegram’s exclusive partner.
- Institutional Interest: $400 million in Toncoin acquired by Sequoia, Benchmark, and others earlier this year.
"TOP’s vision opens a new frontier for builders in Telegram," noted Micky Malka, Ribbit Capital Founder.
FAQ Section
What is The Open Platform?
TOP develops Web3 infrastructure and apps within Telegram, leveraging TON Blockchain for mass crypto adoption.
How does TOP plan to use the funding?
Expanding into new markets, securing licenses, and enhancing product offerings like Wallet and Notcoin.
What makes TON Blockchain unique?
Its scalability and integration with Telegram’s messaging platform create a seamless Web3 onboarding experience.
👉 Discover more about TON’s ecosystem
Conclusion
By merging Telegram’s reach with TON’s technology, The Open Platform is redefining how users interact with blockchain—making crypto accessible to mainstream audiences. With $70 million in funding and unicorn status, TOP is poised to lead Telegram’s Web3 revolution.
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