• TABOO recently secured $10 million in funding at a valuation of $250 million
• According to data obtained from Coinbase, the exchange rate of TABOO has experienced an increase of 18.62% over the past 7 days
• With this new funding, TABOO is well-positioned to continue its rapid expansion and establish itself as a key player in the adult entertainment industry.
TABOO Secures $10 Million at Valuation of $250M
TABOO recently announced that it has successfully secured an investment of $10 million at a valuation of $250 million. This investment was led by a private family office helmed by a former senior executive from J.P. Morgan. The raised funds will be used to drive growth and expand product offerings, bolster security measures, strengthen marketing efforts, and pursue potential acquisitions.
TABOO Experiences Bullish Momentum
Data collected from Coinbase reveals that over the past 7 days, the price for TABOO’s token has increased by 18.62%. This surge in popularity and demand has resulted in major exchanges such as Binance and Coinbase listing TABOO tokens for trading purposes. Furthermore, with the recent investment news, many investors have been looking favorably towards this project as they anticipate further success in the near future.
Future Plans for TABOO
The CEO of TABOO expressed his excitement regarding this development stating that it would help take their platform to the next level. He also highlighted that blockchain technology and Non-fungible Tokens (NFTs) are set to become major players in adult entertainment media platforms – making sure that projects like TABOO remain firmly on top of this trend is paramount for their success going forward.
Conclusion
With its latest round of investments totaling up to $10 million at a valuation of $250 million – it is clear that investors have faith in what TABOO can achieve moving forward into 2023 and beyond. It remains to be seen how successful these new funds will prove but with an increase in trading activity across various exchanges – there is certainly room for optimism regarding the future prospects for this project overall!
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