Blum, an exciting cryptocurrency trading application, has recently secured a substantial investment from The Open Platform, a venture builder. According to The Open Platform, this investment solidifies Blum’s position as a rising force within the DeFi and Web3 landscapes.
The investment from TOP coincides with Blum’s involvement in a promising initiative organized by Binance Labs. Blum has joined the crypto exchange’s “Most Valuable Builder” incubation program, during which it has already attracted significant funding. With the support of both TOP and Binance Labs, Blum is poised to advance its mission of expanding cryptocurrency trading across multiple blockchains.
TOP is reported to be dedicated to fostering widespread adoption in the Web3 space. To achieve this, it utilizes the unique features of the TON blockchain alongside Telegram’s extensive user base of over 950 million. This strategy aims to accelerate the development of innovative projects like Blum, while also providing a robust toolkit for development on the TON platform.
Recent reports highlight that Blum has established itself as one of the most impactful projects within Telegram’s mini-app ecosystem, successfully onboarding approximately 85 million users. The platform emphasizes user accessibility through its intuitive mini-apps, which allow even those without prior cryptocurrency experience to easily engage with Web3 functionalities.
Blum’s CEO, Gleb Kostarev, shared insights about this latest development. He noted that following the initial support from Binance Labs, the platform is in the process of creating a trading application specifically designed for the TON ecosystem. Kostarev praised TOP’s support as a pivotal force in the industry, expressing confidence that the investment will enhance Blum’s footprint on both TON and Telegram.
Furthermore, Andrey Klebanov, Managing Partner at The Open Platform, commented on this collaboration, describing it as a vital step forward for the TON ecosystem. He emphasized that this initiative will enable users worldwide to interact seamlessly with Web3 technologies.