NFT
- TABOO raises $10 million at a $250 million valuation, led by ex-JP Morgan senior executive.
- Blockchain and NFT technologies are fueling TABOO’s rapid growth in the adult entertainment industry.
- The new financing will help increase TABOO’s market share and strengthen its position in the industry.
TABOO Network, a cutting-edge adult entertainment and media platform, recently announced the successful close of a $10 million funding round. The company now has a valuation of $250 million, with the investment being led by a private family office headed by a former JP Morgan senior executive.
The spokesman for the cabinet that led the investment stated:
We are excited to partner with TABOO and support its growth in the adult entertainment industry. We see tremendous value in the platform and the doors it will open for TABOO to be listed on all the top exchanges and create a global legacy.
By integrating blockchain technology and non-fungible tokens (NFTs), TABOO has made waves in the adult entertainment sector. The recent investment enables the network to expand its reach and solidify its status as the industry’s leading cryptocurrency.
James, the CEO of TABOO said:
We are thrilled to have secured this funding, which will allow us to take TABOO to the next level. We believe that blockchain and NFTs are the future of adult entertainment, and we are committed to leading the way. With this investment, we can do just that and become a household name in the process.
The strength of this partnership underscores the resilience of the TABOO network in the face of a bear market. It also highlights TABOO’s commitment to its investors and community, ensuring the brand’s stability and long-term growth potential.
TABOO’s unique approach to content production and distribution has received significant attention, with the platform approaching the milestone of 50,000 on-chain holders.
Moreover, at its peak, the platform has reached a remarkable market cap of $600 million. This success is a testament to the innovative integration of blockchain technology and NFTs in the adult entertainment industry, and the limitless growth opportunities that TABOO represents.
