The Open Platform, the main application developer for TON, announced the completion of a $28.50 million Series A funding round.

The Open Platform, the main application developer for the Telegram-linked blockchain project $TON, has announced the completion of a $28.50 million Series A funding round, reaching a valuation of $1 billion. The round was led by Ribbit Capital, with participation from Pantera Capital. This round is for approximately 5% equity financing and does not involve Cryptocurrency allocation. TOP is the developer of Telegram Wallet, the main wallet for the $TON blockchain, and plans to use the new funds to expand into the US and European markets, as well as incubate blockchain games and AI applications. [Fortune]