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Tabi Raises $10 Million in Angel Investment, Unveils Plans for NFT Gaming Ecosystem

ransformative NFT Marketplace Attracts Prominent Investors and Expands On-Chain Innovations on BNB Chain

Tue, 30 May 2023, 00:54 am UTC

Marking a milestone in its journey, Tabi, the transformative NFT marketplace previously known as Treasureland, recently announced the successful conclusion of its angel investment round, amassing a hefty sum of $10 million. The digital platform, rooted firmly in the BNB Chain, took this exciting news public on May 10.

The investment round attracted numerous esteemed venture capital establishments such as Animoca Brands, Binance Labs, Draper Dragon, Hashkey Capital, Infinity Crypto Ventures, and Youbi Capital. The list of individual contributors boasts distinguished names like Riyad AD from Saudi Arabia, Bo Feng of Dragonfly Capital, and Suji Yan hailing from Mask Network. Developers hint that the fresh injection of funds will be instrumental in expanding Tabi's gaming ecosystem while laying the foundation for its upcoming on-chain identity protocol.

In addition to the primary NFT trading and launchpad features, Tabi brings an innovative concept to the table. The platform transforms users' on-chain actions into "experience points," opening doors to future airdrop rewards and gains. Moreover, Tabi is home to a gaming platform that consolidates blockchain gaming transactions and entertainment into a seamless experience.

Tabi's trailblazing founder, Xavier Lee, shared ambitious plans to initiate an "NFT incubation fund." The fund aims to encourage developers to create their brand, artwork, and products on the BNB Chain. Originating in 2021, Tabi has always valued its initial supporters. As a token of appreciation, Tabi revealed a "reward plan" coinciding with the funding announcement.

Meanwhile, Binance has been broadening its horizons within the NFT industry this year. Bicasso, Binance's NFT AI generator, hit its creation limit of 10,000 barely three hours post-launch on March 2. Furthermore, Binance intended to incorporate Polygon support into its NFT marketplace.

In November of last year, OpenSea, the leading NFT marketplace, declared its plans to incorporate the BNB Chain into its platform. This strategic integration enables users to purchase, list, and trade BNB Chain NFTs directly through OpenSea.

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