Fanable, a Web3 marketplace developed by Ethernal Labs, has made headlines by securing $115 million in funding to boost its growth and expand its ecosystem. This significant investment, supported by prominent figures such as Michael Rubin, founder of Fanatics, signals strong confidence in the platform's potential. According to analysts cited in the report, the outlook is promising.
Funding for Platform Development
The newly acquired funds will primarily focus on enhancing platform development and introducing innovative features that cater to the needs of users in the digital collectibles space. With this financial backing, Fanable aims to solidify its position as a leading marketplace for Pokémon and other digital collectibles.
Collaboration with Collect Foundation
In a strategic move to foster community engagement, Fanable is also collaborating with the Collect Foundation to launch a COLLECT token farming campaign. This initiative is designed to increase utility within the collectibles economy, encouraging users to participate actively and benefit from the growing ecosystem.
In light of recent developments in the cryptocurrency space, a user lost 25,000 XRP from their Ledger device, raising concerns about security practices. For more details, see the full report on this incident here.
