Tabi (formerly Treasureland), an NFT market based on the BNB chain, announced on May 10 that it had completed a $10 million round of angel financing.
This round of financing was led by venture capital firms Animoca Brands, Draper Dragon, Hashkey Capital, Infinity Crypto Ventures and Youbi Capital. Individual investors include Feng Bo of Dragonfly Capital, Riyad AD of Saudi Arabia and Yan Suji of Mask Network. According to the developers, the funds will mainly be used to develop Tabi’s gaming ecosystem and build the upcoming on-chain identity protocol. Binance Labs had invested in Tabi in May 2021.
In addition to providing the functionality of an NFT trading and issuance platform, Tabi also converts users’ on-chain activities into “experience points” that can be used for future airdrop rewards and earnings. The protocol also includes a gaming platform that brings together blockchain gaming trading and entertainment.
In addition, Tabi founder Xavier Lee said that the project plans to launch an “NFT incubation fund” to incentivize developers to design their products, artworks and brands on the BNB chain. The project was established in 2021. To reward early backers, Tabi said it will launch a "rewards program" on the day of the funding announcement.
Since this year, Binance has increased its NFT-related operations. On March 2, the native NFT AI generator “Bicasso” launched by the cryptocurrency exchange reached its minting limit of 10,000 in less than three hours after its release. On March 8, Binance announced that it would integrate Polygon (MATIC) support in its NFT marketplace.
