Tabi NFT Marketplace Completes $10 Million Funding Round – Cryptopolitan
Tabi, a non-fungible token (NFT) marketplace formerly known as Treasureland, has completed an angel funding round, securing $10 million in investment. The funding round was backed by six venture capital firms, including Animoca Brands, Binance Labs and Youbi Capital. Individual investors included Bo Feng of Dragonfly Capital and Suji Yan of Mask Network, among others. The majority of funds raised will be allocated to the development of Tabi’s gaming ecosystem and the construction of its upcoming on-chain identity protocol.
Companies and individuals support the company’s growth
Tabi is a BNB chain-based platform that enables users to trade NFTs and participate in launchpads. It also converts on-chain activities into “experience points” that can be used to earn future airdrop rewards.
The platform includes a gaming platform that aggregates blockchain gaming transactions and entertainment. Tabi founder Xavier Lee has announced plans to launch an NFT incubation fund that will incentivize developers to create their products, art and branding on the BNB chain.
The NFT market has increased significantly Note the following in the past year, with several high-profile sales and investments in NFT. Binance, the world’s largest cryptocurrency exchange, has increased its activity in the NFT market this year.
Tabi plans to raise his business with the funds
In March, Binance’s native NFT AI generator, dubbed “Bicasso,” reached its minting cap of 10,000 in less than three hours after launch. In the same month, the exchange announced that it would integrate Polygon support into its NFT marketplace.
Last November, OpenSea, the then most popular NFT marketplace, announced that it would integrate BNB Chain into its platform, allowing users to buy, list and trade BNB Chain NFTs directly on OpenSea.
Tabi’s successful funding round highlights the growing demand for NFT marketplaces and the potential for significant investment in the sector. The platform’s unique features, such as the gaming ecosystem and the NFT incubation fund, set it apart from other NFT marketplaces and can attract a large user base.
The money raised will allow Tabi to expand its platform and offer new features and services to its users. As the NFT market continues to grow, more investors and users are likely to turn to platforms like Tabi for NFT trading and investment opportunities.
