Blum, an enthusiastic crypto trading app, has recently obtained a significant investment from the venture builder platform The Open Platform. As per The Open Platform, the investment improves Blum’s status as an emerging player in the DeFi and Web3 sectors.
The Open Platform Invests in Blum after It Participates in the ‘Most Valuable Builder’ Project of Binance Labs
The investment from TOP takes place just after Blum’s engagement in a viable project of Binance Labs. Blum has started participating in the crypto exchange’s “Most Valuable Builder” incubation program. With this participation, the platform formerly received significant funding. At present, as both TOP and Binance Labs are backing, Blum moves ahead in its mission. It intends to scale cryptocurrency trading across diverse blockchains.
TOP reportedly focuses on promoting the Web3 realm’s wide-level adoption. For this purpose, it leverages TON blockchain’s exclusive capabilities and Telegram’s broad consumer base of more than 950M people. Hence, it targets fast-tracking the advancement of promising projects such as Blum. It also plans to deliver a resilient toolkit to develop on TON.
As per reports, Blum has gained a prestigious place among the most influential projects in the mini-app ecosystem of Telegram. It has efficiently onboarded a great amount of up to 85M users. Thus, it prioritizes user-friendliness with its intuitive mini-apps. They permit even non-crypto consumers to conveniently leverage the Web3 features.
The Investment Supports Blum’s Functional Presence in TON and Telegram
Blum’s CEO Gleb Kostarev also commented on this development. As per the executive, following the 1st support from Binance Labs, the platform is developing a trading application to work within the TON ecosystem. Keeping that in view, the executive has commended the support that TOP has provided as a key entity in the sector. The investment will reportedly allow Blum to widen its presence on TON and Telegram.
In addition to this, The Open Platform’s Managing Partner Andrey Klebanov also discussed this endeavor. The executive asserted that this collaboration serves as a crucial move in the further progress of TON ecosystem. Klebanov added that this initiative will empower consumers across the world to seamlessly interact with Web3 technologies.