Well, isn’t this just the cat’s pajamas? 🐈 TOP, the Abu Dhabi-based outfit behind Telegram’s native crypto wallet, has just secured a whopping $28.5 million in funding, led by those frightfully clever chaps at Ribbit Capital and joined by the equally astute Pantera Capital. And the best part? It’s all in equity, old bean – not a single crypto token changed hands! 🤑
Now, we know what you’re thinking: what’s the plan, old chap? Well, TOP’s CEO, Andrew Rogozov, has revealed that the company is gearing up to take its services on a merry jaunt into new territories, with a particular focus on those regulatory-heavy markets like the U.S. and Europe. Ah, the thrill of navigating red tape! 🎢 And, of course, a sizeable chunk of the new capital will be devoted to building out the necessary legal and operational infrastructure. How terribly exciting! 🤯
But wait, there’s more! TOP also plans to indulge in a spot of investing in blockchain-based games and AI products built on the TON network. Because, you see, someone has to keep the Web3 wheels turning, and who better to do it than these crypto chaps? 🤖 And let’s not forget the added bonus of further solidifying Telegram’s Web3 ambitions. Spiffing! 🎉
Now, we must admit that the TON ecosystem has had a bit of a chequered past, what with the U.S. SEC throwing a spanner in the works back in 2018. But, like a phoenix from the ashes, TON has risen again, and Telegram has given it a jolly good endorsement. 👍 And with over $70 million raised to date, TOP is positioning itself as the perfect gateway between Telegram’s massive user base and the wild world of decentralized applications. How frightfully thrilling! 😲
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2025-07-04 00:40