Burnt Finance Raised $8M In Series A Funding Round
Burnt Finance has raised an $8M Series A round led by Animoca Brands, which develops and publishes a broad portfolio of blockchain games, traditional games, and other products.
Also participating was Multicoin Capital, Alameda Research, DeFiance, Valor Capital Group, Figment, Spartan Capital, Tribe Capital, Play Ventures, HashKey, Mechanism Capital, DeFi Alliance, Terra, and others.
Burnt Finance will now launch its own NFT Marketplace, which will feature English, Dutch, and Buy Now auctions, aiming to be a hub for NFTs by integrating DeFi functionality, such a NFT lending, liquidity mining with staking incentives, fractionalization, and GameFi.
ABOUT Burnt Finance
Burnt Finance is the first fully decentralized NFT auction protocol on Solana. Burnt allows users to take auctions into their own hands, enabling the minting and trading of any NFT in an entirely permissionless ecosystem. The platform can support auctions for NFTs, digital assets, and much more. Given its unique Solana-based architecture, Burnt is able to achieve the fastest transaction speeds with negligible fees.
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