Tabi Raises $10M In Angel Funding Amid NFT Gaming Plans

Tabi, one of the top innovative non-fungible token (NFT) metaverse projects, has announced the completion of a $10 million raise in an angel investment funding round. Tabi is an NFT marketplace that was previously known as Treasureland. The NFT platform runs on the BNB Chain.

Tabi raises $10M in angel funding

The digital platform confirmed the $10M angel funding round in an announcement that was published on May 10. The angel funding round attracted some of the top venture capitalists in the Web industry, including Animoca Labs, Binance Labs, Youbi Capital, Draper Dragon, Infinity Crypto Ventures, and Hashkey Capital.

However, venture capitalists were not the only ones that participated in this funding round. The list of individual contributors in the funding round includes some of the most popular names in the sector, such as Bo Feng from Dragonfly Capital, RiyadAD from Saudi Arabia, and Suji Yan from the Mask Network.

The developers behind the project have said that the fresh capital raised in this funding round will play an integral role in supporting the growth of the Tabi gaming ecosystem. The move will also lay the foundation for an upcoming ion-chain identity protocol for the gaming ecosystem.

Tabi gaming ecosystem

The Tabi gaming platform currently supports NFT trading, and it also supports launchpad features. The game supports innovativeness through its unique features and attributes. One of the key features of the platform is that it transforms the on-chain actions that have been taken by users and turn them into “experience points.”

The unique nature of the game has paved the way for future airdrop rewards and gains. Additionally, the Tabi gaming ecosystem supports a gaming platform that brings together blockchain gaming transactions and entertainment to create a seamless experience for the players.

The founder of Tabi, Xavier Lee, has said that he supports the ambitious plans that are being made by the project. One of these plans includes setting up an “NFT incubation fund.” The fund will support developers in the Web3 industry and enable them to support the development of their brand, artwork, and products within the BNB Chain network.

The Tabi project came into the limelight in 2021. The project has always played an instrumental role in valuing the initial supporters. As a way of rewarding these developers, Tabi announced a reward plan that coincided with the announcement of the new funding.

As aforementioned, Binance Labs was among the VCs that participated in the angel funding round. Binance Labs is the VC unit for exchange giant Binance. Binance has expanded its reach in the NFT space this year. The Binance NFT AI generator, Bicasso, was launched earlier this year, and it reached the creation limit of 10,000 less than three hours after launch.

Binance’s blockchain network, BNB Chain, has also been gaining adoption in the NFT industry. In 2022, the largest NFT marketplace by trading volumes, OpenSea, announces plans to incorporate BNB Chain on the platform. The integration allows users to buy, list, and trade BNB Chain NFTs through OpenSea.