Funding Breakdown

On May 10, Tabi, formerly known as Treasureland, announced it snagged a whopping $10 million in an angel funding round. Talk about a financial glow-up! This substantial investment sprouted from renowned venture capital firms like Animoca Brands, Draper Dragon, Hashkey Capital, Infinity Crypto Ventures, and Youbi Capital. They certainly know how to pick a winner! Individual investors jumped on board too, including Bo Feng from Dragonfly Capital and Riyad AD hailing from Saudi Arabia. Surely, a lucrative mix of talent cheering on Tabi’s rapid growth!

Using Funds Wisely

So where’s all this sweet cash going? Tabi plans to channel the funds primarily into developing its gaming ecosystem and sweetening its on-chain identity protocol. Very strategic, if you ask me! Just a couple of years ago, Binance Labs made an investment in Tabi back in May 2021, proving they saw potential from the outset.

Experience Points and Gaming Galore

Tabi isn’t just about trading NFTs. Oh no, they’ve added a whole new level by transforming users’ on-chain activities into experience points. That means each click and trade contributes to future airdrop rewards and profits. It’s like leveling up in a video game — except this one comes with potential financial perks! Plus, Tabi boasts a gaming platform that aggregates blockchain game transactions, making it a one-stop shop for both gamers and NFT enthusiasts.

Nurturing Creativity with Incubation

Hold on to your wallets! Founder Xavier Lee revealed that Tabi plans to initiate an “NFT incubation fund.” This fund is designed to motivate developers to whip up their creative projects, brands, and arts on the BNB Chain. If you’re an aspiring NFT creator, this could be your golden ticket. And for the early birds who caught onto Tabi, there’s news of a “reward plan” launching the very same day as the funding announcement. Lucky ducks!

The Bigger Picture

And while we’re at it, let’s mention that Binance is ramping up its NFT-related operations in 2023. Earlier this year, their NFT AI generator, “Bicasso,” flew off the digital shelves, minting out 10,000 NFTs in a mere three hours after launch. Talk about fast fingers! They even announced the integration of Polygon (MATIC) into their NFT marketplace, diversifying options for users. With the growing competition, especially after OpenSea announced it would also integrate BNB Chain into its marketplace, Tabi’s innovative charm is surely needed.