cryptonews.net
The Open Platform, a company building technology on the $TON blockchain for use in Telegram, has reached a $1 billion valuation after completing its Series A and extension funding rounds. It is the first company in the $TON ecosystem to reach this milestone.
The company raised $28.5 million in the extended Series A round. Ribbit Capital and Pantera Capital participated. The Open Platform has now raised more than $70 million in total. The company plans to use the new funds to expand into international markets, including the U.S. and EU. This move supports the global goals of the $TON Foundation, which promotes the growth of the $TON blockchain.
The Open Platform develops infrastructure and apps across sectors like payments, gaming, and digital media. Its projects include Wallet in Telegram, Tonkeeper (a non-custodial wallet), STON.fi (a decentralized exchange), Getgems (an NFT marketplace), Tribute (a creator platform), and Notcoin (a tap-to-earn game).
In March 2024, the $TON Foundation announced that firms including Sequoia Capital, Ribbit Capital, Benchmark, and others had purchased $400 million worth of Toncoin. This reflects increasing confidence in the $TON ecosystem’s potential inside Telegram.
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