November 2, 2024
Blum, a crypto trading app, has secured an investment from The Open Platform (TOP), a venture builder with a focus on the Web3 and decentralized finance (DeFi) sectors. This new partnership marks a significant milestone for Blum as it continues to solidify its position within the expanding Web3 ecosystem. The investment aligns with Blum's objective to scale cryptocurrency trading across multiple blockchains.
Blum’s recent collaboration with Binance Labs through its "Most Valuable Builder" incubation program helped propel the platform to new heights. This involvement in Binance’s incubation initiative, together with the backing from TOP, sets the stage for Blum’s next phase of growth. The investment from TOP, known for supporting Web3 adoption through the TON blockchain and its association with Telegram’s user base, will help Blum integrate into these platforms to boost its reach and capabilities. Blum’s user-friendly mini-apps, which have already attracted 85 million users within Telegram’s mini-app ecosystem, have positioned it as an influential project within this space.
As a venture builder, TOP is dedicated to advancing the Web3 realm by leveraging the capabilities of the TON blockchain, which boasts a user base exceeding 950 million people through its integration with Telegram. This investment serves to empower projects like Blum and fast-track their development within the Web3 ecosystem. By offering a comprehensive toolkit for developers on TON, TOP is helping to create an environment for innovation and adoption in decentralized technologies.
About Blum
Blum is a cryptocurrency trading platform that aims to simplify access to digital assets through intuitive mini-apps within the Telegram ecosystem. Launched with a focus on ease of use, Blum caters to both crypto enthusiasts and newcomers, enabling users to buy, sell, and trade a variety of cryptocurrencies. With a rapidly expanding user base, Blum has become a key player in Web3 adoption, offering an accessible gateway into the decentralized economy.
Website: https://www.blum.io/
X: @blumcrypto
About Investor
The Open Platform
The Open Platform (TOP) is a venture builder that specializes in advancing the Web3 space by leveraging the capabilities of the TON blockchain. Founded with the goal of driving mass adoption of decentralized technologies, TOP supports promising projects by providing the necessary resources and infrastructure to grow within the Web3 ecosystem. Its collaboration with Telegram further amplifies its efforts, tapping into the platform’s vast user base to foster global adoption of Web3 technologies.
Location: Cayman Islands
Website: https://labs.binance.com/en A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
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