Telegram’s Crypto Ecosystem Notches Billion-Dollar Unicorn in The Open Platform

Open platform, protocol programmer and app based in Telegram Open network (Tone), he said on Thursday that he had completed his series A financing, raising $ 28.5 million at a billion dollar estimate.

The district, led by Ribbit Capital, makes the open platform (Top) to the first crypto unicorn – or startup with an estimate of the value of $ 1 billion – in the ecosystem of Telegram Blockchain, the company claimed.

“The top -‘s combination of expertise, capital and our deep understanding of tone and telegram positions us as a leading force in this ecosystem,” said Open Platform Executive Director Andrew Rogozov said Decipher.

With the latest increase, the company has now attracted more than $ 70 million to accelerate its mission to achieve the mainstream of cryptocurrency adoption. The latest raise will be used to facilitate the geographical expansion for the company, primarily for the United States and Europe.

“With the support of our recently announced funding circle, we are now positioned to enter new markets and act in multiple jurisdictions,” Rogozov said. “This year, our immediate focus is spreading to the US and Europe.”

Rogozov said that the expansion of the company triggers three components: a product, legal and infrastructure.

The open platform has developed some of the leading tools in the ecosystem of the tone, including a wallet in the Telegram – the first original crypto wallet inside the Telegram – together with the TON Connect Protocol to use external apps in Telegram, Getgems NFTGEMs and Token Protocol Ston.fi.fi.fi.fi.fi.fi.fi.fi.fi.fi.fi.

“On the side of the product, we are sculating consumer applications that are deeply built into the telegram – such as paying, games and creative tools – with a local market adaptation to the US, EU and Asia,” he said.

Infrastructure and legal categories see a company that supports regional builders and working with local partners to ensure compliance.

The open network attracted an increase in participation from the users last year thanks partly on the phenomenon of playing touch-to growth, guided by games like games like Hamster combat and Notcoin.

The network established exclusive relationship with the telegram The message exchange app earlier this year, and the Telegram banned all other blockchain integration within the apps. Rogozov believes that it ultimately used all the builders in the ecosystem.

“The exclusive telegram focus on the tone has created a clearer alignment of ecosystems, which he uses to all builder in the space,” he said. “For an open platform, she has amplified our product development strategy specially adapted to unique distribution capabilities of TON -AI Telegram.”

This strategy will be considered successful in the next 12 months if the sceling company really adoption, he noted.

“We want to see millions of users dealing with consumer applications built on a tone, directly inside the telegram,” Rozogov said.

Edited Andrew Hayward