TABOO Shakes up Adult Industry with $10M Investment

TABOO Shakes up Adult Industry with $10M Investment

Time Stamp: May 10, 2023 10:58 AM
  1. TABOO raises $10M at a $250M valuation, led by ex-JP Morgan senior executive.
  2. Blockchain and NFT technologies fuel TABOO’s rapid growth in the adult entertainment industry.
  3. The new funding will help expand TABOO’s market share and strengthen its industry position.

TABOO Network, a cutting-edge adult entertainment and media platform, recently announced the successful close of a $10 million funding round. The company now boasts a valuation of $250 million, with the investment spearheaded by a private family office led by a former senior executive from JP Morgan.

The spokesperson of the private office leading the investment 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.

By incorporating blockchain technology and non-fungible tokens (NFTs), TABOO has made waves in the adult entertainment sector. The recent investment will enable the network to extend its reach and solidify its status as a leading cryptocurrency within the industry.

James, the CEO of TABOO said,

We are thrilled to have secured this funding, which will enable us to take TABOO to the next level. 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.

The strength of this partnership underscores the resilience of the TABOO network in the face of a bear market. It also highlights TABOO’s dedication to its investors and community, ensuring the brand’s stability and growth potential in the long run.

TABOO’s unique approach to content production and distribution has garnered considerable attention, with the platform nearing a milestone of 50,000 on-chain holders. 

Moreover, the platform has achieved a remarkable $600 million market capitalization at its peak. This success is a testament to the innovative integration of blockchain technology and NFTs in the adult entertainment industry, and the limitless possibilities for growth that TABOO represents.

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José is a crypto enthusiast who trades crypto night and day. He loves to share his trading stories and experiences in all his published articles. José likes to hang out and travel to meet new friends. Enjoys sushi, vodka, and tequila.

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