NFT auction protocol Burnt Finance completes an $8 million Series A round led by Animoca Brands - Aliens: AI Crypto News & Markets Updates
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NFT auction protocol Burnt Finance completes an $8 million Series A round led by Animoca Brands

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Aliens

Mon, Jan 17, 2022

Solana NFT auction protocol Burnt Finance completed $8 million in Series A financing. Animoca Brands led the investment, followed by Multicoin Capital, Alameda Research, DeFiance, Valor Capital Group, Figment, Spartan Capital, Tribe Capital, Play Ventures, HashKey, Mechanism Capital, DeFi Alliance, Terra, Fantom, etc.

The new financing will enable the company to deploy and integrate new chains and product features and expand the team. The protocol plans to expand its offerings to projects like lending or GameFi in the coming months. Burnt Finance founder Burnt Banksy (pseudonym) said that the project has already cooperated with some major GameFi platforms. The project will officially launch next month. However, he could not reveal further details on those product plans.

In May 2021, Burnt Finance announced the completion of a $3 million seed round led by Multicoin Capital and Alameda Research.

Source: Blockworks

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