A prominent NFT marketplace, Tabi, previously known as Treasureland, on the BNB Chain, has successfully concluded an angel funding round, raising an impressive $10 million.
Venture capital firms, including Animoca Brands, Binance Labs, Draper Dragon, Hashkey Capital, Infinity Crypto Ventures, and Youbi Capital took part in the funding round.
Notable individual investors such as Bo Feng of Dragonfly Capital, Riyad AD of Saudi Arabia, and Suji Yan of Mask Network also contributed to the funding.
Tabi has big plans for the newly acquired funds, primarily focusing on the development of its gaming ecosystem and the creation of an on-chain identity protocol.
The marketplace, in addition to offering NFT trading and launchpad features, introduces the unique concept of converting users’ on-chain activities into “experience points,” which can be exchanged for future airdrop rewards and earnings.
Xavier Lee, the founder of Tabi, revealed the project’s future endeavors, which include the launch of an “NFT incubation fund.” This initiative aims to incentivize developers to bring their products, art, and brand to the BNB Chain.
By providing support and resources to these creators, Tabi aims to foster innovation within the NFT space. The marketplace, established in 2021, also expressed gratitude to its early supporters by introducing a “reward plan” on the same day as the funding announcement.
This recent funding round further showcases Binance’s growing involvement in the NFT realm.
The cryptocurrency exchange made headlines on March 2 with its native NFT AI generator, “Bicasso,” which reached its minting cap of 10,000 within just three hours of launch.
On March 8, Binance also announced its integration of Polygon (MATIC) support into its NFT marketplace, expanding its capabilities and reach. It is worth noting that Tabi’s ambitions align with the broader industry trend.
