Tabi NFT Marketplace Secures $10 Million Funding

Tabi's Successful Funding Round

Tabi, a nonfungible token (NFT) marketplace formerly known as Treasureland, has successfully raised $10 million in an angel funding round. The announcement, made on May 10, highlights the platform's strategic focus on expanding its capabilities.

Key Investors and Strategic Partners

The funding round saw participation from prominent venture capital firms, including Animoca Brands, Binance Labs, Draper Dragon, Hashkey Capital, Infinity Crypto Ventures, and Youbi Capital. Additionally, notable individual investors contributed, such as Bo Feng from Dragonfly Capital, Riyad AD from Saudi Arabia, and Suji Yan of Mask Network. These strategic partnerships are expected to bolster Tabi's growth and innovation in the NFT space.

Focus on Gaming Ecosystem and On-Chain Identity

The newly acquired funds will primarily be allocated to the development of Tabi's gaming ecosystem. This initiative aims to enhance the user experience and expand the platform's reach in the gaming industry. Furthermore, part of the funding will support the creation of an on-chain identity protocol. This protocol is set to provide users with a more secure and personalized experience within the NFT marketplace.

Future Prospects

With this significant financial backing, Tabi is well-positioned to make substantial advancements in the NFT marketplace. The focus on gaming and identity protocols aligns with the growing demand for innovative solutions in the digital asset space. The platform's development efforts are expected to drive user engagement and establish Tabi as a leading player in the NFT ecosystem.

By integrating these developments, Tabi aims to offer a robust and dynamic platform that caters to the evolving needs of its users.