Blum, the fast-growing trading app founded by former Binance executives, has secured an investment from The Open Platform (TOP), a prominent venture builder in the TON ecosystem. This investment strengthens Blum's position as an emerging leader in the world of Web3 and DeFi.
TOP's investment comes after Blum's participation in Binance Labs' prestigious Most Valuable Builder (MVB) incubation program, where the company had already received funding. Now, with support from both Binance Labs and TOP, Blum's mission to scale cryptocurrency trading across multiple blockchains is backed by solid support and validation.
TOP's Commitment to Web3 Adoption
TOP is committed to driving the mass adoption of Web3 technologies. Through the unique capabilities of the TON blockchain and the vast user base of Telegram, which exceeds 950 million people, TOP aims to accelerate the growth of promising projects like Blum and provide a powerful toolkit to build on TON.
Blum has quickly positioned itself as one of the largest and most influential projects within the Telegram mini-app ecosystem, reaching 85 million users. Designed for ease of use, Blum's mini-apps allow even users without cryptocurrency experience to access and participate in Web3 features, reducing barriers to entry.
Gleb Kostarev, CEO of Blum, commented: “Following the initial backing from Binance Labs, we are now securing prominent investments, presenting the company as a serious player in the industry. We are building a trading application in the TON ecosystem and appreciate the support from TOP, a key player in the space. This investment will allow us to further expand our presence in Telegram and TON with 35 million active wallets and achieve our key goal: to provide users with a seamless experience in the world of decentralized finance.”
TOP has invested in 24 projects, collectively reaching a user base of 240 million people. By investing in Blum, TOP contributes to the next phase of growth, focused on multichain functionality and greater market adoption.
We not only provide capital but also unlock the full potential of investment and build long-term relationships with projects like Blum. We see this partnership as a key step to advance the TON ecosystem and empower users around the world to interact with Web3 technologies easily,” said Andrey Klebanov, Managing Partner at The Open Platform (TOP).
TOP's investment will accelerate Blum's growth and international reach by speeding up the launch of new trading features and enhancing our infrastructure to provide a seamless user experience, essential for perpetual trading,” announced Vladimir Smerkis, CMO and co-founder of Blum at the Gateway. “From day one, we have focused on transparency and ease of use. This collaboration allows us to simplify cryptocurrency adoption, with features like MemePad and a trading bot that we will launch soon while we expand our commitment to education and user support.”
Users are invited to learn more about Blum's exciting future developments by visiting their website and following upcoming updates as the platform expands its global reach and integrates new functionalities.
