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Solana-based NFT project Burnt Finance raises $3 million in seed funding

Burnt Finance, a Solana-based non-fungible token (NFT) minting and auction protocol, has raised $3 million in a seed funding round.
The funding was secured via a private token sale round, Burnt Banksy, the pseudonymous founder of the project, told The Block. The round was led by Alameda Research, with participation from Multicoin Capital, Mechanism Capital, DeFiance Capital, Polygon COO Sandeep Nailwal, among others. Burnt Finance was incubated by Injective Protocol.
With fresh capital at hand, Burnt Finance plans to speed up the protocol development and launch new NFT collaborations “with a number of prominent artists,” Burnt Banksy told The Block.
Burnt Banksy is best known for burning and creating an NFT of an original Banksy piece, “Morons,” earlier this year and selling it for nearly $400,000 on the OpenSea platform. Banksy is a popular graffiti artist whose painting, “Love Is In The Air,” is going on an auction next week at Sotheby’s, and the auction house will accept bitcoi

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