Fanable completes $11.5 million financing and launches $COLLECT token mining

ChainCatcher news, the Web3 collectibles platform Fanable (developed by Ethernal Labs) has secured $11.5 million in funding, with investors including Fanatics under Michael Rubin, Ripple, Steel Perlot, Polygon, Borderless, and Morningstar.

Fanable claims to have achieved over 20,000 transactions, with a monthly growth rate of 100%, which will be used for platform iteration and global expansion. It has partnered with the Collect Foundation to launch $COLLECT token mining, which will be used for community rewards, trading incentives, and governance. Fanable has collaborated with Brinks to support the buying and selling of Pokémon cards globally using cryptocurrencies and fiat currencies, covering iOS, Android, and web versions.