Telegram's Crypto Ecosystem Notches Billion-Dollar Unicorn in The Open Platform
2025-07-03 22:34:42
Main Idea
The Open Platform raised $28.5 million in Series A funding at a $1 billion valuation, becoming the first crypto unicorn in the Telegram blockchain ecosystem, with plans to expand into the U.S. and Europe.
Key Points
1. The Open Platform (TOP) completed its Series A funding round, raising $28.5 million at a $1 billion valuation, led by Ribbit Capital.
2. TOP is the first crypto unicorn in the Telegram blockchain ecosystem, focusing on expanding into the U.S. and Europe.
3. The funding will support geographic expansion and scaling of consumer apps built on The Open Network (TON), including Wallet Connect, Getgems NFT marketplace, and STON.fi token swap protocol.
4. P2P.org and Ton Whales collaborated to offer institutional-grade staking rewards for TON holders via a new service.
5. Telegram's exclusive focus on TON has created clearer ecosystem alignment, benefiting builders in the space.
Description
A key player in the Telegram-linked The Open Network (TON) crypto ecosystem just hit a $1 billion valuation with its latest funding round.
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