Telegram's crypto ecosystem has celebrated a significant milestone with The Open Platform (TOP) achieving a $1 billion valuation following its Series A funding round of $28.5 million, led by Ribbit Capital. This development marks TOP as the first unicorn in the Telegram-linked The Open Network (TON) ecosystem. The funding will fuel the firm's efforts to drive mainstream adoption of cryptocurrency, focusing particularly on expanding operations into the United States and Europe. The CEO, Andrew Rogozov, outlined a strategy based on product expansion, legal compliance, and infrastructure development. Key innovations from TOP include Telegram's first native crypto wallet and the Getgems NFT marketplace. With the recent surge in user participation, driven by trends such as 'tap-to-earn' gaming, Rogozov expressed optimism about the potential for widespread engagement with consumer apps built on TON within Telegram.

Source 🔗