The Open Platform (TOP) has announced that it achieved a valuation of $1 billion after raising $28.5 million in an extended Series A funding round led by Ribbit Capital, with participation from Pantera Capital. This makes TOP the first unicorn in the TON (The Open Network) ecosystem. The funds raised will be used to develop core infrastructure and consumer-facing applications on TON, aiming to enhance cryptocurrency adoption globally. Products include a Telegram-integrated wallet, decentralized exchanges, NFT marketplaces, and games. CEO Andrew Rogozov emphasized the goal of attracting one billion new users to crypto through Telegram's extensive reach. The investment reflects heightened interest in TON, following participation from major investors like Sequoia Capital and Benchmark in earlier fundraising rounds.

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