Tabi Raises $10M for Gaming, NFTs

Tabi, formerly Treasureland, has completed a $10 million angel funding round, as announced by the BNB Chain-based platform on May 10.

Animoca Brands, Binance Labs, Draper Dragon, Hashkey Capital, Infinity Crypto Ventures, and Youbi Capital provided the initial funding.

Bo Feng of Dragonfly Capital, Riyad AD of Saudi Arabia, and Suji Yan of Mask Network are examples of individual investors.

According to the developers, the funds will primarily be used to build Tabi’s forthcoming on-chain identity protocol and expand its gaming ecosystem.

Tabi converts users’ on-chain activities into “experience points,” which can be exchanged for future airdrop rewards and earnings.

In addition, the protocol includes a gaming platform that aggregates blockchain game transactions and game-related entertainment.

In addition, Tabi’s founder, Xavier Lee, stated that the project intends to launch an “NFT incubation fund” to encourage developers to design their products, artwork, and brands on the BNB Chain.

In 2021, the project was established. Tabi says it will launch a “reward plan” on the same day it announces funding to thank its early backers.

This year, Binance has expanded its NFT-related operations. On March 2, the native NFT AI generator of the cryptocurrency exchange, dubbed “Bicasso,” reached its minting cap of 10,000 less than three hours after launch.

Binance announced the addition of Polygon support to its NFT marketplace on March 8.

OpenSea, the most popular NFT marketplace, announced in November 2017 that it would integrate BNB Chain into its marketplace.

This would allow users to directly purchase, list, and trade BNB Chain NFTs on OpenSea.