The Open Platform: Telegram’s First $1 Billion Web3 Ecosystem
The Open Platform has become the first Web3 ecosystem on Telegram to reach a $1 billion valuation. This achievement follows a successful $28.5 million Series A funding round led by Ribbit Capital, with participation from Pantera Capital and other investors. The total funding secured now amounts to $70 million, demonstrating strong market confidence in Telegram’s potential for crypto integration.
TON Blockchain: The Foundation for Growth
Built on the TON Blockchain, The Open Platform offers three key products:
- Wallet in Telegram for seamless crypto transactions
- Tonkeeper for digital asset management
- STON.fi for decentralized trading
“Our mission is to connect Telegram’s 800 million users with blockchain technology,” said Andrew Rogozov, CEO of The Open Platform. The new funding will support expansion into U.S. and European markets.
Strategic Development Priorities
The platform’s development roadmap focuses on three core areas:
- Establishing regulatory compliance frameworks
- Enhancing security protocols
- Creating developer tools for decentralized applications
This strategic approach positions the TON ecosystem as a leader in bringing cryptocurrency to mainstream messaging platforms.
