The BNB Chain-based platform Tabi, the nonfungible token marketplace formerly known as Treasureland, announced on May 10 that a $10 million angel investment round had been completed.
Tabi Raises 10 Million Dollars in Angel Funding Round
The venture capital firms involved in the financing are:
- Animoca Brands
- Binance Labs
- Draper Dragon
- Hashkey Capital
- Infinity Crypto Ventures
- Youbi Capital
Individual investors include the following names:
- Bo Feng of Dragonfly Capital
- Riyadh AD from Saudi Arabia
- Suji Side by Side from Mask Network
The funds will reportedly be used mostly to build Tabi’s gaming ecosystem and its planned on-chain identity technology.
Tabi’s Game Platform
In addition to NFT trading and launchpad functionalities, Tabi also turns user on-chain actions into experience points which may then be used to purchase future airdrop goodies and earnings. A gaming hub that combines blockchain game transactions and entertainment is also included in the protocol.
Tabi to Launch NFT Incubation Fund
Additionally, according to Tabi founder Xavier Lee, the initiative intends to introduce an “NFT incubation fund” that will provide incentives for developers to create their brands, artwork, and goods on the BNB Chain. On the same day as the funding announcement, Tabi claims to be launching a “reward plan” to thank its early backers.
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