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According to reports, The Open Platform, the main application developer of the Telegram-associated blockchain project TON, announced the completion of a $28.5 million Series A financing, with a valuation of $1 billion. Led by an investment institution, another investment institution followed in this round, which accounts for approximately 5% equity financing, and did not involve the distribution of crypto assets. TOP is the market maker wallet Telegram Wallet on the TON blockchain.