The open platform (TOP)A provider of tools for developers in Telegram’s cryptoInfrastructure said it raised $ 28.5 million in an expanded Serie A round led by Ribbit Capital with the participation of Panttera Capital.
The mound brings top’s valuation to $ 1 billion, making it the first unicorn in ton (The open network) Ecosystem, the company said.
The company builds core infrastructure and consumer-facing apps on Ton, Telegram’s official blockchain partner with the aim of scaling crypto uptake across its global user base. The funding pushing Top’s total capital raised to over $ 70 million signalizes growing investor for confidence in telegram’s blockchain push.
Top plans to use capital injection to expand throughout the US, Europe and other markets and invest in compliance, security and go-to-market strategies, it says.
Products as developed or using its tools include a telegram-integrated wallet, non-parenting authority, decentralized exchanges, non-fungal symbol (Nft) Marketplaces and games like the viral tap-to-earn hit notcoin.
The open platform CEO and founder Andrew Rogozov said the company’s goal is to attract a billion users to Crypto by utilizing Telegram’s distribution power and tons of scalability.
The investment follows a wave of institutional interest in tonnes. Earlier this year, Ton Foundation revealed that investors including Sequoia Capital and Benchmark had acquired $ 400 million worth of Toncoin
ton of blockchain’s native token.
Read more: Ton jumps as Foundation says VC companies invested $ 400 million.
