NFT
Tabi, the non-fungible token marketplace formerly known as Treasureland, has completed a $10 million angel funding round, the BNB Chain-based platform announced on May 10.
Funding came from venture capital firms Animoca Brands, Binance Labs, Draper Dragon, Hashkey Capital, Infinity Crypto Ventures, and Youbi Capital. Individual investors include Bo Feng of Dragonfly Capital, Riyad AD of Saudi Arabia and Suji Yan of Mask Network. According to developers, the funds will primarily be used to develop Tabi’s gaming ecosystem and build the upcoming on-chain identity protocol.
Aside from the NFT trading and launchpad features, Tabi converts users’ on-chain activities into “experience points”, which can be exchanged for future airdrop rewards and earnings. The protocol also includes a gaming platform that merges blockchain gaming transactions and entertainment.
In addition, Tabi founder Xavier Lee said the project plans to launch an “NFT incubation fund” that would incentivize developers to design their products, art and brand on the BNB chain. The project was established in 2021.
Binance has expanded its NFT-related business this year. On March 2, the cryptocurrency exchange’s native NFT AI generator, dubbed “Bicasso,” reached its 10,000 coin limit less than three hours after launch. On March 8, Binance announced that it would integrate Polygon (MATIC) support into its NFT marketplace.
Here’s a nice new #Binance AI product called #Bicasso
You can turn your creative visions into NFTs with AI. Give it a try and let me see what you make with it.
Beta live now, limited to 10,000 mints.
➡️ https://t.co/QeQS7oh9uH pic.twitter.com/22Dllhg2sP
— CZ Binance (@cz_binance) March 1, 2023
Last November, OpenSea, the most popular NFT marketplace at the time, said it would integrate BNB Chain into its marketplace. The move will allow users to buy, list and trade BNB Chain NFTs directly on OpenSea.
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