TABOO, the adult entertainment and media platform, has completed its latest funding round, raising an impressive $10 million at a valuation of $250 million.
Led by a private family office headed by a former senior executive from J.P. Morgan, the investment will be used to fuel TABOO’s growth, improve its products, enhance security measures, boost marketing efforts, and pursue strategic acquisitions.
Leveraging blockchain technology and non-fungible tokens (NFTs), TABOO has rapidly gained traction in the adult entertainment industry, revolutionizing content creation, curation, and distribution. With this substantial funding, TABOO aims to expand its market share and solidify its global position as a leading cryptocurrency.
The private office leading the investment expressed their enthusiasm for TABOO’s unique content production and distribution approach.
A spokesperson for the office 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 get listed on all top exchanges and create a global legacy.”
TABOO’s disruptive content production and distribution model has garnered significant attention, with the platform approaching 50,000 on-chain holders.
TABOO Bullish in Q1 2023
Despite global bear markets, TABOO has demonstrated consistent growth and reached an impressive $600 million market capitalization at its peak, assuring investors and the community of its durability and commitment to long-term success.
James, CEO of TABOO, expressed his excitement about the recent investment, stating, “We are thrilled to have secured this funding, which will enable us to take TABOO to the next level.” He further emphasized, “We believe that blockchain and NFTs are the future of adult entertainment, and we are determined to lead the way. This investment allows us to do just that and become a household name.”
