<ul data-eligibleForWebStory="false"><li>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.</li><li>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.</li><li>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.</li><li>The company's long-term strategy includes expanding its crypto wallet globally, incubating TON-related projects, and developing blockchain games and artificial intelligence applications.</li></ul>

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

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