Burnt Finance Closed $8 Million in Financing Led by Animoca Brands

TokenInsight news, Burnt Finance, a decentralized NFT auction protocol, has closed an $8 million funding round led by Animoca Brands with participation from Alameda Research, Multicoin Capital, HashKey and others. The raised funds will be used to scale the team and explore collaborations with artists and other Solana-based projects. Burnt Finance is an NFT auction platform built on Solana that allows users to mint and sell digital assets. It is reported that the protocol will expand to other blockchains and create new features to connect DeFi and NFTs. Previously, the protocol closed a $3 million funding round in May 2021, led by Alameda and Multicoin.