The Open Platform, part of the blockchain ecosystem chosen by Telegram, raised $28.5 million in Series A funding at a $1 billion valuation. Led by Ribbit Capital and Pantera Capital, this funding amounts to approximately 5% equity and does not include cryptocurrency allocations. TOP has raised over $70 million overall and is pivotal in integrating cryptocurrency within an app used by over one billion people, generating significant interest from venture capitalists. The TON Foundation has also attracted $400 million in cryptocurrency support from various prominent investors.
The Open Platform, known as TOP, has recently raised $28.5 million in Series A funding, achieving a valuation of $1 billion, indicating strong investor confidence.
Telegram’s association with THE Open Network, or TON, allows TOP to integrate cryptocurrency into an app used by over one billion people, attracting significant VC interest.
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