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The first unicorn of the Telegram encryption ecosystem is born: TON developer TOP completes $28 million Series A financing, valued at $1 billion.
Focusing on the protocol and application developers of the Telegram Open Network (TON), The Open Platform(TOP) announced on Thursday that it has completed 28 million USD in Series A funding, with a valuation reaching 1 billion USD, becoming the first encryption unicorn in the Telegram Blockchain ecosystem.
Financing Leading Investment and Strategic Significance
Core Business: Key Infrastructure of the TON Ecosystem
TOP has developed key infrastructure and tools in the TON ecosystem, including:
Market Expansion Strategy: Products, Compliance, and Infrastructure in Three Aspects
Rogozov emphasized that the company's global compliance expansion (especially entering the US and European markets) will revolve around three core areas:
The Explosion of the TON Ecosystem and the Unique Advantage of Telegram
Key to Success in the Next 12 Months: Real User Adoption
Logozov pointed out that the core indicator for measuring the success of this strategy in the coming year is real user scale: "Our goal is to see millions of users directly using consumer-grade applications built on TON within Telegram."