In brief
- The Open Platform raised $28.5 million to close its Series A round at a $1 billion valuation.
- The firm claims it has become the first unicorn, or billion-dollar startup, within the Telegram crypto ecosystem.
- It has helped develop key TON ecosystem products like Wallet in Telegram and NFT marketplace Getgems.
The Open Platform, a developer of Telegram-based protocols and apps built on The Open Network (TON), said Thursday that it has completed its Series A funding round, raising $28.5 million at a valuation of $1 billion.
The round, led by Ribbit Capital, makes The Open Platform (TOP) the first crypto unicorn—or startup with a $1 billion valuation—in the Telegram blockchain ecosystem, the firm claimed.
“TOP’s combination…
