menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Blockchain News

>

Telegram b...
source image

Siliconangle

6d

read

31

img
dot

Image Credit: Siliconangle

Telegram blockchain developer startup TOP raises $28.5M at $1B valuation

  • The Open Platform (TOP), a developer for Telegram Messenger Inc.'s blockchain ecosystem, has raised $28.5 million in an early-stage funding round, reaching a $1 billion valuation.
  • The funding round was led by Rabbit Capital with participation from Pantera Capital, focusing on applications for The Open Network closely related to Telegram, which has over 1 billion monthly active users.
  • TOP builds core infrastructure and consumer-facing apps on Telegram's official blockchain, TON, aiming to boost global crypto adoption despite past legal issues with the U.S. SEC related to TON.
  • The company's long-term strategy includes expanding its crypto wallet globally, incubating TON-related projects, and developing blockchain games and artificial intelligence applications.

Read Full Article

like

1 Like

For uninterrupted reading, download the app