Animoca Brands leads a $8 million investment in Burnt Finance.

Burnt Finance, the Solana-based non-fungible token (NFT) marketplace best known for burning and tokenizing Banksy’s artwork, announced a $8 million Series A fundraising round led by Animoca Brands on Tuesday.

Alameda Research, Multicoin Capital, Valor Capital, Figment, Spartan Capital, HashKey, Terra, and Fantom are among the other investors in this round.

Burnt Finance drew the attention of the cryptocurrency. Then, and art communities last March when it burned Banksy’s Morons before tokenizing. Then, and selling it as an NFT for 228.69 ETH. That’s, roughly $380,000 at the time.

Burnt Finance’s Inferno Mainnet, which aims to prevent NFT replications and market manipulations, went live this week.
Members of the Burnt Finance team, including creator Burnt Banksy, are anonymous.

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