The Open Platform (TOP), the company behind the development of the Wallet crypto-wallet inside Telegram and one of the key areas of the TON ecosystem, announced that it has attracted $28.5 million in investments at a valuation of $1 billion. The round was led by Ribbit Capital, one of the most prominent fintech funds, and also took part in Pantera Capital is the oldest crypto hedge fund.
What does this mean for the industry
top sold about 5% of the share in the company, without resorting to the distribution of tokens — that is, we are talking about a direct investment interest in business, and not to speculation on cryptocurrency. Telegram applied infrastructure as one of the largest players in messengers.
The total investment in the project has already exceeded $ 70 million. blockchain-game and custom instruments. The head of the project is Andrei Rogozov, the former CEO “VKontakte.”
“ compliance with legislation and operational deployment in the USA and the EU requires tremendous costs. It is there that we will direct new investments , ”he said in an interview with Fortune.
ton goes beyond the limits of Telegram
Wallet — one of the most promising wallets in the market with huge built -in traffic and native integration in Telegram. However, while its functions are limited geographically: users from Europe and the USA do not have access to it. After the round of investments, TOP intends to eliminate these barriers.
What is next
Top seeks to rethink the concept of “Notcoin games” (like notcoin) and replace them with new trends. The developers claim that this format has already exhausted itself. Now the bet is on high -quality crypto games, the integration of AI and ecosystem services in Ton.
