Open Platform, an application developer for Network Network (TON), reached a milestone by becoming the ecosystem’s first unicorn with an estimated $1,000 million valuation.
In the startup world, A company that achieves a $1,000 million valuation is called “unicorns.” More than that, a term that emphasizes rarity and potential in the market.
The company acquired the rating after closing a series of serial A finances led by Ribbit Capital, a cryptocurrency-focused risk capital company.
These funds represent important support for open platform ambitions in the Ton ecosystem.
On his side, Andrew Rogozov, founder and executive director of the company, said This investment will promote a long-term vision to accelerate adoption of ton products.
“When we combine the TON network with Global Telegram Reach, we are building the infrastructure and consumer-oriented applications needed to integrate one billion users into cryptocurrency,” Rogozov said.
Although Ton and Telegram have no official relationships today, their basic links lead many investors to gain direct connections with popular messaging applications.
Furthermore, Logozov explained it The funds will be sent to expand wallets developed by the company towards major markets such as the US and Europe. «We need to support everything related to compliance, operations, etc., right? He’s very expensive to build,” he explained.
The company will also use capital to incubate new projects at TON, including artificial intelligence games and applications.
In this context, the development of initiatives in the TON network has emerged as a determinant of the ecosystem’s native currency, Toncoin (TON), and is recovering its upward trend.
last year, Token values fall 71%, moving from $7 to $2emphasises that the importance of these innovations stimulates market performance.