TABOO Finalises Lucrative Deal Raising $10M at a $250M Valuation
Adult entertainment and media platform TABOO has announced the successful completion of its latest investment, raising $10 million at a valuation of $250 million. The investment was led by a private family office headed up by a former JP Morgan senior executive, with the funds set to be used towards growth, product improvement, security enhancements, marketing, and acquisitions.
TABOO has quickly gained traction in the adult entertainment industry by leveraging blockchain technology and non-fungible tokens (NFTs) to revolutionize content creation, curation, and distribution. With this latest funding, TABOO aims to expand its market share and solidify its position as a top cryptocurrency worldwide.
The private office leading the investment was impressed with TABOO’s unique approach to content production and distribution. Speaking on the deal, the office’s spokesperson said, “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 get listed on all top exchanges and create a global legacy.”
TABOO’s approach to content production and distribution has received much attention, and the platform is approaching 50,000 on-chain holders. The platform has shown consistent growth and an impressive $600 million market capitalization at its all-time high, demonstrating its durability even in global bear markets. This expansion demonstrates TABOO’s commitment to its investors and community, assuring them that the brand is here to stay and will continue to grow.
TABOO’s CEO, James, expressed his enthusiasm for the investment, saying, “We are thrilled to have secured this funding, which will enable us to take TABOO to the next level.” He further added, “We believe that blockchain and NFTs are the future of adult entertainment, and we are determined to lead the way. This investment will allow us to do just that and become a household name in the process.”
TABOO’s application of blockchain technology and NFTs has piqued the interest of investors and industry professionals alike, with the platform’s innovative approach to content production and distribution providing users with a more secure and efficient alternative. TABOO is well-positioned to continue its rapid expansion and establish itself as a key player in the adult entertainment business, thanks to its recent investment.
About TABOO:
TABOO is a leading adult entertainment and media platform that utilizes blockchain technology and non-fungible tokens (NFTs) to revolutionize content creation, curation, and distribution. By leveraging the security and efficiency of blockchain, TABOO offers a more reliable and transparent solution for adult content creators and consumers worldwide.
More information on the funding round will be available after the final non-disclosure agreements have been signed.
For media inquiries, please contact marketing@taboo.io
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