The Open Platform Rebrands and Merges with Wallet in Telegram
The company formerly known as First Stage Labs has undergone a rebranding and is now called The Open Platform (TOP). This strategic move aligns the company’s name and mission with its blockchain partner, TON Foundation. As part of the rebrand, TOP will merge with the team behind Wallet, a crypto application integrated into Telegram Messenger.
TOP aims to make Web 3.0 accessible to people worldwide by simplifying blockchain services and promoting genuine ownership. Wallet, which started as a bot within Telegram, has evolved into a comprehensive app and platform for managing digital assets. The development of Wallet has been accelerating, with the launch of a merchant service and an invite-only developer beta for the upcoming TON Space self-custodial wallet.
TOP Labs Continues Venture-Building Strategy
TOP Labs, the venture-building division of The Open Platform, will continue the strategy of its predecessor, First Stage Labs. The existing portfolio of TOP Labs includes TON-based startups such as Tonkeeper, Open Builders, and Getgems. The rebranding reflects the company’s open platform paradigm and its utilization of Toncoin as a native asset.
Hot Take
The rebranding of First Stage Labs to The Open Platform signifies the company’s alignment with TON Foundation and its mission to foster global crypto adoption. With the integration of Wallet into Telegram Messenger, TOP aims to simplify the management of digital assets and drive the next phase of Web 3.0 ecosystem growth. The merger and rebranding position TOP as a leader in superapp development and blockchain services.
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