Cryptoday 1.17 | Decentralized NFT auction protocol Burnt Finance raises $8 million in Series A funding led by Animoca Brands
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Cryptoday 1.17 | Decentralized NFT auction protocol Burnt Finance raises $8 million in Series A funding led by Animoca Brands
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Funding Updates
Burnt Finance, a decentralized NFT auction protocol, raises $8M in Series A led by Animoca Brands
According to Blockworks, Solana-based NFT auction protocol Burnt Finance has raised $8 million in a Series A funding round led by Animoca Brands, with participation from Multicoin Capital, Alameda Research, DeFiance, Valor Capital Group, Figment, Spartan Capital, Tribe Capital, Play Ventures, HashKey, Mechanism Capital, DeFi Alliance, Terra, Fantom, and others. The new funds will be used to deploy and integrate new blockchains and product features, as well as expand the team. The protocol plans to extend its offerings into areas such as lending or GameFi in the coming months. Burnt Banksy (pseudonym), founder of Burnt Finance, said the project has already partnered with several major GameFi platforms and will officially launch next month, though he declined to share further details. In May 2021, Burnt Finance announced a $3 million seed round co-led by Multicoin Capital and Alameda Research.
Short video platform Chingari raises $19M, led by Republic Capital
Indian short-video platform Chingari recently closed a $15 million funding round led by Republic Capital, with participation from Onmobile, JPIN Venture Catalysts, and Hill Harbor. The new capital will be used to enhance app technology and grow the team. Chingari rewards users with GARI tokens for watching or uploading content, which can be used to unlock exclusive creator content or purchase voice/video call experiences with creators. In October last year, it raised $19 million from investors including Alameda Research, and in November raised $40 million via GARI token sales on crowdfunding platform Republic.
P2E metaverse game Bullieverse secures strategic investment from 6th Man Ventures
P2E metaverse game Bullieverse has announced a strategic investment from 6th Man Ventures, a venture firm focused on Web3, metaverse, and gaming projects.
DeFi
DeFi protocol Alex launches mainnet on Stacks
DeFi protocol Alex has announced the mainnet launch on Stacks. By offering lending services to Bitcoin holders, Alex aims to unlock Bitcoin's DeFi potential and bring DeFi to the Bitcoin ecosystem. Starting today, users can lend various crypto assets, borrow at fixed rates with no liquidation risk, deposit tokens to earn interest, and more. Alex will also introduce an advanced decentralized exchange to provide liquidity for traders. These features are expected to activate over $1 trillion worth of Bitcoin currently idle in wallets.
Cardano DEX SundaeSwap to launch mainnet beta on January 20
Cardano’s decentralized exchange SundaeSwap will launch its mainnet beta version on January 20. From then on, liquidity providers participating in yield farming will earn SUNDAE rewards. The campaign will last at least six months.
NFT/GameFi
The British Museum issues NFTs of Hokusai artworks and other treasures, accepting ETH payments
According to Michael del Castillo, editor at Forbes, the British Museum has now launched NFTs of select collections, available for purchase using MetaMask.
The collaboration between the British Museum and NFT platform LaCollection will mint over 100 works across more than 10 series into NFTs, totaling over 700 NFTs up for auction. Featured works include William Turner’s “The Colosseum” and “Lucerne by Moonlight,” as well as collections by Hokusai, as mentioned by del Castillo. The NFT series will be categorized into Unique Rare (2 pieces), Super Rare (10 pieces), and Open Edition (up to 99 copies). Some NFTs will be sold at fixed prices, while others will be available through open bidding.
Others
Evmos, EVM and interoperability solution on Cosmos, to launch in weeks; 40% of tokens allocated for airdrop
Evmos, the EVM and interoperability solution on the Cosmos network, announced via Twitter that its mainnet will go live in the coming weeks, with airdrops claimable shortly thereafter. At genesis, Evmos will have an initial supply of 200 million tokens, with 40% allocated for airdrops, 10% for the community pool, and 50% for strategic reserves. Evmos transaction fees are priced based on network usage, with gas pricing following EIP-1559.
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