Fanable Raises $11.5M to Expand Web3 Collectibles Marketplace

The $11.5 million funding round represents a significant vote of confidence in Fanable’s vision to transform the collectibles market. Developed by Ethernal Labs, the platform has attracted backing from industry heavyweights including Michael Rubin, the founder of sports merchandise giant Fanatics, alongside blockchain leaders Ripple and Polygon. The investor consortium also includes Steel Perlot, Borderless, and Morningstar, demonstrating broad-based support across both traditional and Web3 investment spheres.

This substantial capital injection comes at a pivotal moment for Fanable, which has already demonstrated remarkable traction with over 20,000 sales transactions processed and a staggering 100% monthly growth rate. The platform’s ability to seamlessly bridge physical and digital collectibles while supporting both cryptocurrency and traditional fiat payments through credit cards has positioned it as a leader in the emerging Web3 collectibles space.

A central focus of Fanable’s expansion strategy involves creating what the company describes as “the world’s biggest Pokémon ecosystem.” Through a strategic partnership with Brinks, the platform enables collectors worldwide to buy, sell, trade, and collect the most desirable Pokémon and other collectible cards using either cryptocurrency or traditional payment methods. This dual-approach removes barriers to entry that have traditionally limited blockchain-based marketplaces.

The platform’s accessibility through iOS App Store, Google Play Store, and web applications positions Fanable for what company executives believe could be “the fastest adoption record for any collectibles product to date.” By combining the nostalgia and established fan base of Pokémon with the technological innovation of Web3, Fanable is pioneering a new chapter in digital ownership and fandom engagement that respects tradition while embracing innovation.

Parallel to the funding announcement, Fanable revealed its partnership with the Collect Foundation to launch a point farming campaign for the upcoming $COLLECT token. This community-focused initiative is designed to unlock rewards, trading incentives, and future governance opportunities within the Fanable ecosystem. The point farming system, now live at points.fanable.io, offers early participants what the company describes as “a fair, distributed opportunity” that provides “far more stake in the ecosystem than even available to any VC.”

Steve D’Agostino, CEO of Collect Foundation, emphasized the significance of this development, stating: “This is a major step forward to bridge the worlds of collectibles and Web3. The launch of the $COLLECT token farming campaign is just the beginning of how we’re creating new value for collectors on Fanable.” This community-centric approach aligns with core Web3 principles of decentralization and user empowerment, distinguishing Fanable from traditional collectibles marketplaces.

Fanable’s rapid growth trajectory and substantial funding round signal a broader shift in how collectors interact with their prized possessions. The platform’s unique positioning at the intersection of physical collectibles, digital assets, and blockchain technology creates new opportunities for authentication, liquidity, and community engagement that were previously unavailable to collectors.

The $11.5 million in capital will specifically fuel platform development, global expansion, and the introduction of additional Web3-native features designed to deepen the connection between fans and their collections. With backing from both traditional business leaders like Michael Rubin and blockchain pioneers like Ripple and Polygon, Fanable appears well-positioned to capitalize on the growing convergence between established collectibles markets and emerging Web3 technologies.