Fanable Secures $11.5 Million in Funding and Launches COLLECT Token Points Mining

According to Chainwire, the Web 3 collectibles platform Fanable (developed by Ethernal Labs) has secured $11.5 million in funding from investors including Michael Rubin's Fanatics, Ripple, Steel Perlot, Polygon, Borderless, and Morningstar. Fanable claims to have completed over 20,000 transactions and is experiencing 100% monthly growth. The funding will be used for platform iteration and global expansion. It has partnered with the Collect Foundation to launch COLLECT token point mining, which will be used for community rewards, trading incentives, and governance. Fanable has also partnered with Brinks to support the global buying and selling of Pokémon and other trading cards in both cryptocurrency and fiat currencies, across iOS, Android, and the web.