Benzinga - Meta: Taboo, an entertainment platform has revealed its fundraising of about $10M with a valuation of $250M following its massive Q1 success in growth.
TABOO announces its achievement of raising a fund of $10 million with a valuation of $250 million. It is an entertainment and media platform that has shown tremendous growth during the first quarter of 2023. Following its potential growth, the platform has secured a $10M fund round from the private office which is led by a former JP Morgan senior Executive.
Significantly, TABOO is revolutionizing in producing unique content creation, curation, and distribution by leveraging blockchain technology and non-fungible tokens (NFTs). TABOO provides a more credible and transparent option for content providers and customers across the globe by using the security and efficiency of the blockchain. Its unique approach attracted major investors and users of the industry.
Moreover, this fund will be used for major acquisitions, marketing, new feature integrations and security enhancements. TABOO's dedication to its investors and community is demonstrated by its growth, which assures them that the brand will hold to improve visibility and will continue to expand.
The platform has exhibited constant growth with a market value of $600 million at its all-time high, indicating its endurance even in global bear markets. Additionally, data from CryptoRank states that the TABOO token is one of the top-performing tokens that outperformed BTC. On May 9, CryptoRank, a platform that provides crowdsourced and professionally curated research on the crypto market, revealed TABOO to be the top three tokens that surpassed the BTC performance 11.8 times since March 2023.
TABOO Bullish Q1 of 2023
However, TABOO has seen exceptional growth in Quarter 1 by surging more than 1000%. This achievement determines the true strength of the project, cutting-edge technology, and dedication to providing an efficient user experience. The massive growth in Q1 has stood as an outstanding outcome which also led to securing funds recently. As a result, the platform has already onboarded 4 new models while 8 new models will be onboarded by 2023.
TABOO is an NFT and media platform that specializes in highly exclusive content. The users can purchase the finest NFTs using the native token $TABOO from the user-friendly marketplace. Furthermore, the NFT Marketplace and media platform is cross-chain, utilizing layer 2 solution protocols that have the lowest costs and the fastest transactions.
This post was authored by an external contributor and does not represent Benzinga's opinions and has not been edited for content. This content contains sponsored advertising content and is for informational purposes only and not intended to be investing advice. Cryptocurrency is a volatile market; do your independent research and only invest what you can afford to lose. New token launches and small market capitalization coins are inherently more risky than large cap cryptocurrencies. These tokens are subject to larger liquidity and market risks.
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