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Tabi, the non-fungible token marketplace formerly Treasureland, has completed a $10 million angel funding round, the BNB network-based platform announced on May 10.
The funding was provided by venture capital firms Animoca Brands, Binance Labs, Draper Dragon, Hashkey Capital, Infinity crypto Ventures, and Youbi Capital. Individual investors include Dragonfly Capital’s Bo Feng, Saudi Arabia’s Riyad AD and Mask Network’s Suji Yang. According to the developers, the funds will be mainly used to develop the Tabi gaming ecosystem and create a new network identification protocol.
In addition to the NFT trading and launchpad features, Tabi converts user actions online into “experience points” that can be redeemed for future rewards and giveaway earnings. The protocol also contains a gaming platform that integrates gaming transactions and entertainment on the blockchain.
In addition, Tabi founder Xavier Lee said the project plans to launch an “NFT incubation fund” that will incentivize developers to develop their products, art and brands on the BNB network. The project was created in 2021.
Binance has increased its NFT-related operations this year. On March 2, the cryptocurrency exchange’s native AI NFT generator dubbed “Bicasso” hit the minting limit of 10,000 less than three hours after launch. On March 8, Binance announced that it will integrate support for Polygon (MATIC) to your NFT trading platform.
Here’s a fun new #Binance AI product called #Bicasso
You can turn your creative visions into NFTs with AI. Give it a try and show me what you make with it.
Beta version live now, limited to 10k 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, announced that it would integrate BNB Chain into its marketplace. The move will allow users to buy, list and trade NFT BNB Chain directly on OpenSea.