The Open Platform (TOP), a technology company focused on Web3 innovations within Telegram, has successfully completed a $28.5 million Series A funding round. The funding will be used to massively increase adoption of their products, primarily by relying on Telegram’s 700 million global userbase as a distribution channel. The company intends to use the money to scale its products and services in additional markets. This includes focusing on the United States and the European Union and helping its portfolio companies as they pursue launch efforts in these markets.

Andrew Rogozov, co-founder and CEO of The Open Platform. The alliance strongholds mission is to deliver the TON Blockchain on Telegram’s billions of global platforms. From these initial efforts, TOP has developed the foundational pieces of the Telegram ecosystem. Other examples are the Wallet inside Telegram, adding a digital asset solution directly into the app and Tonkeeper, a non-custodial crypto wallet.

The Open Platform’s portfolio includes STON.fi, a swap dApp on TON, and Getgems, an NFT marketplace on TON. They’ve launched Tribute, a monetization platform for creators inside Telegram and Notcoin, a Tap-to-Earn viral game. The company developed Omniston.

This investment supports our long-term strategy to scale the adoption of blockchain-based products by leveraging the power of Telegram as a distribution channel. By combining TON Blockchain with Telegram's global reach, we're building both the infrastructure and the consumer-facing apps needed to onboard a billion users to crypto. - Andrew Rogozov, CEO and Founder of The Open Platform

The Open Platform's strategy focuses on leveraging Telegram's broad user base to facilitate the adoption of blockchain technology. By doing so, delivering the infrastructure and consumer-facing applications necessary, TOP seeks to make digital assets truly accessible to a global audience. The company’s recent push into U.S. and EU markets is a positive step in the direction towards making this dream a reality.

The business models its products around making things easy to use. Thirdly, they weave directly into the Telegram interface, allowing users to use blockchain technologies without the opaqueness and complexities associated with it. Wallet in Telegram, for instance, users can send and receive digital assets all without ever leaving the Telegram application. In the same vein, Tonkeeper offers a highly secure yet user-friendly platform for storing and transacting TON-based digital assets.

Platforms such as STON.fi and Getgems are already changing the Telegram ecosystem. For one, they give everyone who uses them thrilling ways to experience decentralized finance (DeFi) and non-fungible tokens (NFTs) all right in the app. Tribute provides creators innovative, fresh opportunities to earn money from their content. At the same time, Notcoin has revealed the blueprint behind virally contagious engagement in the world of Telegram.