Tabi has accomplished a remarkable feat by concluding an angel funding round. The well-known NFT marketplace, formerly Treasureland and operating on the BNB Chain, secured an impressive investment of $10 million.
📢 We are thrilled to announce that 𝗧𝗮𝗯𝗶 has raised a $𝟭𝟬 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 angel round from Animoca Brands, Binance Labs, Draper Dragon, Hashkey Capital, Infinity Crypto Ventures, and Youbi Capital.— 𝗧𝗔𝗕𝗜 🗺️ (@Tabi_NFT) May 29, 2023
♟️To learn more: https://t.co/qBrNVpmhDi
Venture capital firms, namely Animoca Brands, Draper Dragon, Hashkey Capital, and Youbi Capital, actively participated in the funding round. Binance Labs and Infinity Crypto Ventures also took part in the funding round.
Furthermore, there were significant contributions from notable individual investors, including Bo Feng of Dragonfly Capital, Riyad AD of Saudi Arabia, and Suji Yan of Mask Network.
Tabi is ambitiously strategising utilizing the recently obtained funds. It primarily emphasizes advancing its gaming ecosystem and crafting an on-chain identity protocol.
Also, the marketplace introduces a groundbreaking notion whereby users’ on-chain activities are transformed into “experience points”. In turn, they can be bartered for forthcoming airdrop rewards and earnings. This innovative concept incorporates NFT trading and launchpad functionalities into its framework.
In May, the company rebranded, transitioning from Treasureland to Tabi, adopting the Japanese term for travel.
The name, Tabi, signifies the company’s recognition of Web3 degens. These individuals continuously embark on journeys to uncover the uncharted and embrace the boundless prospects offered by the crypto world.
Xavier Lee, the founder of Tabi, unveiled the project’s upcoming initiatives, including introducing an NFT incubation fund. Its primary objective is to motivate developers to bring their products, art, and brand to the BNB Chain.
Tabi intends to foster innovation within the NFT space by offering assistance and resources to these creators. Additionally, the marketplace appreciated early supporters by implementing a reward plan on the day of the funding announcement.