Telegram's Crypto Ecosystem Notches Billion-Dollar Unicorn in The Open Platform
The Open Platform has completed a Series A funding round, raising $28.5 million at a $1 billion valuation, becoming the first crypto unicorn in the Telegram blockchain ecosystem. Led by Ribbit Capital, this funding brings total investments to over $70 million, aimed at accelerating mainstream crypto adoption. The firm plans to expand primarily into the U.S. and Europe, focusing on product development, legal compliance, and infrastructure support for regional builders. Key products include Wallet in Telegram, TON Connect, Getgems NFT marketplace, and STON.fi token swap protocol. The Open Platform aims for millions of users engaging with its apps within Telegram over the next year, benefiting from Telegram's exclusive focus on the TON ecosystem.
