TABOO, an adult entertainment media platform that recently gained major traction among crypto users has accomplished a milestone. The firm TABOO successfully raised a $10 million fund with a valuation of $250 million. This investment cycle was led by a former JP Morgan Senior Executive which also included a few private members of the company.
The funds are set to be used for future product development, marketing, security improvements, and advancements. TABOO is an adult NFT and media platform that gathered huge attention from users in the adult entertainment industry. The most recent fundraising round will raise the project’s worth, while also enhancing the brand’s visibility via marketing.
Significantly, TABOO’s unique approach to content production and distribution received much attention and the platform is getting close to 50,000 on-chain users. Moreover, the private office spokesperson stated that they see tremendous value in the platform among the adult entertainment sector. The spokesperson added that TABOO is expected to get listed on top exchanges and create a global legacy.
Furthermore, the CEO of TABOO, James added a few words regarding the investment and it is stated:
“We are thrilled to have secured this funding, which will enable us to take TABOO to the next level. We are determined to lead the way, and we believe that blockchain and NFTs are the future of adult entertainment. We will be able to accomplish that with the help of this funding, making us a household name in the process.”
1000% Growth in Q1 2023
The token Taboo has ultimately improved in potential development which led nearly to 1000% growth by Quarter 1. Consequently, the company made tremendous advances towards its objective of becoming the go-to marketplace for unique, high-quality NFTs and goods by focusing on improving the user experience and expanding the brand.
However, the success of integrating new features and updates for the Q1 includes cross-chain SDK integration, listing TABOO on CEX, adding utility for TABOO token and onboarding new models. Recently, four new models have been onboarded on the Taboo platform whereas the firm has planned to add 8 new models by the end of 2023.
According to CoinMarketCap, TABOO is currently trading at $0.004155 with a trading volume of $1,036,253 in the last 4 hours. Moreover, the token is 0.29% up for the day while it holds 430th rank on CMC. TABOO is available on top exchanges such as Gate.io, LBank, MEXC, WhiteBIT, and BKEX. As a matter of fact, the TABOO token has established its position as a key player in the market where it also bills itself as the “Playboy of crypto”.
Following its productive and successful Q1 integration and implementations, TABOO is up for the next quarter of the year. With the focus on user experience and brand building during Q1 , the company takes further steps to expand the brand visibility and set significant strides in Q2. The ongoing process on a few features and updates follows after signing the final non-disclosure of funding agreements. Furthermore, TABOO provides a more dependable and transparent solution for adult content providers and consumers globally by using the security and efficiency of blockchain.