His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. Messaging app Telegram has raised $ 850 m in the pre - sale stage of an initial coin offering ( ICO ) . The proceeds will go towards development of a third - generation network called the Telegram Open Network , which is expected to offer more features than before and be larger in terms of scalability . The pre - sale initially aimed to raise $ 600 m but demand pushed it to $ 850 m , according to Forbes . It aims to raise $ 3bn-$5bn in total .
Messaging app Telegram has raised $ 850 m in the pre - sale stage of an initial coin offering ( ICO ) . The proceeds will go towards development of a third - generation network called the Telegram Open Network , which is expected to offer more features than before and be larger in terms of scalability . The pre - sale initially aimed to raise $ 600 m but demand pushed it to $ 850 m , according to Forbes . It aims to raise $ 3bn-$5bn in total .