Adult entertainment and media network TABOO has just secured $10 million at a valuation of $250 million in a successful investment round headed by a private family office, signifying the platform’s rising importance in the adult entertainment market.
The investment’s proceeds will be used to expand the platform, develop the products, strengthen security, advertise it, and make acquisitions.
By combining blockchain technology and non-fungible tokens (NFTs) to improve content production, curation, and distribution, TABOO has experienced significant growth. With this most recent round of investment, TABOO hopes to increase its market share and solidify its position as the world’s top cryptocurrency.
TABOO Gets $10M to Expand Innovative Blockchain Platform
The private office supervising the investment was further attracted by TABOO’s unusual technique for content production and dissemination.
“We are overjoyed to have obtained this money, which will allow us to further TABOO. We are aiming to set the standard for adult entertainment since we think that blockchain and NFTs are its future. We’ll be able to do that with the help of this funding, making us a household name in the process.
In addition, the TABOO’s recent successes include a 1000% token increase in Q1 and onboarding four additional Taboo models, with more to follow. Additionally, TABOO is getting ready for its most anticipated event of 2023, the Taboo Mansion Event. The platform has also opened a new marketplace with e-commerce and on-ramp features, enhancing user accessibility.
A relationship with a Tier 1 CEX that TABOO is set to announce will help it further broaden its impact and reach in the adult entertainment sector. These advancements show TABOO’s dedication to its community and investors, reassuring them that the brand is here to stay and will flourish further.
More specifically, the TABOO’s usage of blockchain technology and NFTs has caught the interest of investors and business experts, offering consumers a more effective and secure substitute. The platform is well-positioned to continue its rapid growth and establish itself as a major player in the adult entertainment industry because to its creative approach to content development and delivery.
TABOO’s latest prosperous funding round also portends a promising future for the platform. It stands out from its rivals thanks to the use of NFTs and blockchain technology in content development. The platform’s continuing development and growth, which includes bringing on new models, opening a new e-commerce marketplace, and getting ready for its largest event of 2023, the Taboo Mansion Event, will strengthen its position in the market.