Telegram’s blockchain developer joins unicorn ranks at $1b valuation

The milestone of billions of dollars in the open platform marks a moment of maturation for the tonnes ecosystem, which takes advantage of the 900 million Telegram users to make the crypto as transparent as SMS. With 28.5 million dollars in fresh funding, Top bets in large at the time of the blockchain bar.

On July 3, the open platform announcement An increase of $ 28.5 million led by Ribbit Capital, with the participation of Pantera Capital, evaluating the company at $ 1 billion and by making the first unicorn of the tone ecosystem.

TOP has said that funds will feed its expansion on Western markets, including license and regulatory compliance efforts, while accelerating the development of native blockchain applications, portfolios with AI tools.

Unlike many cryptographic companies, the round was strictly based on actions, without a token component, signaling a deliberate pivot towards the traditional venture capital support. For Telegram, which has long on the tip of the feet around the regulatory edge of blockchain adoption, the rise of the open platform as a billion dollars shows how its network went from a distribution channel to a robust chain operating system.

The silent growth engine of the tonne ecosystem

The increase of $ 28.5 million in the open platform can be considered a strategic decision to evolve an ecosystem which has quietly become one of the most effective integration tools in the crypto.

Unlike most popular blockchains based on speculative transactions and DEFI yields to keep users, your growth has been motivated by something simpler: Telegram’s cat interface. The flagship product of Top, the TELEGRAM portfolio, has eliminated the friction of seed sentences and external applications, allowing users to send TONTOOIN (TONNE) As easily as a message.

Since its posting in 2021, the open network has seen more than 15 million portfolios created by Telegram, with viral tubes like Notcoin and Hamster Kombat bringing millions of crypto users for the first time.

With a unicorn status and a new capital injection, the open platform wants to double on the integration of the blockchain more deeply in everyday mobile experiences.

The developer said that an important part of funding would support the expansion on the markets where the integration of cryptography often strikes a wall, not because of the lack of users, but because of the obsolete rules, the fragmented application and the technological batteries not designed for mobile-native cryptographic engagement.

TOP is now in a rare position: already integrated into a messaging application which reaches nearly a billion users, and is now capitalized to build the matching compliance stack. It remains to be seen that you just have to achieve its declared goal of “integrating a billion users into the crypto”.