My beautiful people! What's up, friends? Hold on tight to your chairs because I have some hot gossip from the crypto world that will leave you speechless. It turns out that The Open Platform (TOP), that thing connected with Telegram and its TON blockchain, hit a home run and is now worth a billion dollars! Just like you heard! 🤑
Imagine this, they closed a funding round of 28.5 million dollars in their Series A. And who put in the money? None other than Ribbit Capital and the heavyweight Pantera Capital. This is serious business! The most curious thing is that all this cash was in shares, no tokens or anything weird! This means these firms have blind faith in the project. 👀
These folks at TOP, who have their headquarters in Abu Dhabi (pure beach and luxury!), are the ones who took on the task of creating the Telegram cryptocurrency wallet, the same one that many of you surely use or have heard of. And with this influx of cash that fell from the sky, they are going to expand everywhere! The main goal is to enter markets where regulations are stricter, like nothing less than the United States and Europe! 🤯 The CEO, Andrew Rogozov, spilled the beans and said that a large part of that money will be used to build all the legal and operational infrastructure they need for that. Stay alert!
But it doesn't stop there, oh no! TOP also has plans to invest in blockchain-based games and in the world of artificial intelligence built on the TON network. This means they are going to deepen their role to make Telegram's Web3 ambitions a reality. Here comes the whole package! 🚀
And here comes the interesting part, my dear ones. This money they raised shows that there is renewed confidence in the TON ecosystem. Remember that in 2018 they got into a legal mess with the SEC in the United States and had to halt the project? Well, Telegram publicly backed down, but the development of TON continued quietly under the radar. And boom! They resurfaced in 2023 with renewed support from Telegram. That's what we call having guts! 💪
With over 70 million dollars raised to date, TOP is positioning itself as the gateway to connect the tremendous number of Telegram users with the world of decentralized applications. So stay tuned, because this looks promising! Will this wallet become the people's favorite? Time will tell! 😉$TON
