Fanable Raises $11.5M, Launches $COLLECT Token
Fanable, a Web3 collectibles marketplace by Ethernal Labs, has secured $11.5 million in Series A funding led by Fanatics, Ripple, and Polygon. Steel Perlot, Borderless, and Morningstar also joined the round. The platform processed over 20,000 transactions and posted 100% monthly growth. Fanable will use the funds for platform upgrades, global expansion, and new Web3 features. In partnership with the Collect Foundation, Fanable launched $COLLECT token mining to reward the community, incentivize trading, and support governance. A new deal with Brinks enables users worldwide to buy, sell, and trade Pokémon and other cards using crypto or fiat on iOS, Android, and web. Early users can earn points ahead of the token launch at points.fanable.io. These moves reflect growing confidence in Fanable’s vision to reshape digital ownership in the collectibles economy.
Bullish
The successful Series A funding and launch of the $COLLECT token indicate strong investor confidence and growing user engagement for Fanable. These developments should boost demand for $COLLECT in the short term as traders seek early token exposure. Longer term, platform upgrades, global expansion, and partnerships with Brinks and the Collect Foundation enhance token utility and governance, supporting sustained price momentum. Overall, the news points to a bullish outlook for $COLLECT as the project scales and attracts broader market participation.