Burnt Finance is a crypto startup which, as a stunt, burnt a Banksy artwork and but then the NFT they’d minted for it for $400,000, double what it cost on the ‘normal’ open art market.
Based on the idea that auctions for NFTs could be improved, it went on to raise $3 million for a decentralized auction protocol built on the Solana blockchain. That round was led by led by Multicoin and Alameda Research and was incubated by Injective Labs, the core contributors to the multi-chain network Injective Protocol.
It’s now getting more serious.
Burnt Finance has now 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 …
