Burnt Finance Launches the Spark Incentivized Testnet

Burnt Banksy Nov 30 · 3 min read The first ever incentivized testnet is now live on Burnt Finance with a total $20,000 prize pool up for grabs! To start simply begin by using Burnt to mint and transact NFTs. Complete details can be found below. The competition will be held for one week, from … Read more

Burnt Finance Access Codes are Live

Burnt Banksy Oct 27 · 2 min read Burnt Finance early access codes are now live for everyone! Follow the instructions below to experience the most powerful decentralized NFT auction platform in the world built on Solana. On Burnt you can access limitless English and Dutch auctions. In addition, NFTs can be minted and auctioned … Read more

Burnt Finance: Spark Private Early Access NFT Protocol Launch on Solana

Burnt Banksy Sep 7 · 4 min read Burnt Finance is launching private early access to its Spark testnet today! Spark will provide users with the first ever look at the Burnt Finance platform, which currently stands as the first fully decentralized NFT auction Protocol built on Solana. Anyone will be able to mint new … Read more

Burnt Finance Joins the DeFi Alliance

Burnt Banksy Aug 12 · 4 min read Burnt Finance is thrilled to reveal that we will be joining the DeFi Alliance, an organization that is committed to advancing the wider DeFi ecosystem. The DeFi Alliance operates one of the most respected accelerator programs in the DeFi industry and has supported countless projects that have … Read more

The Solana NFT Alliance

Burnt Banksy Aug 9 · 4 min read Forming the Solana NFT Alliance to move towards a common standard for Solana contracts The Solana ecosystem needs to move towards a common token standard. Solana has observed phenomenal growth over the course of 2021, positioning itself as one of the leading blockchains for decentralized computing. However, … Read more

Burnt Finance to Lead Adoption for a Solana NFT Standard

Burnt Banksy Aug 4 · 4 min read At Burnt Finance, we have made the strategic decision to adopt the technology standard established by Metaplex to help accelerate growth and adoption on the Solana network. The open-source framework created by Metaplex can easily be used to build Solana-based infrastructure that leverages its low-cost and high-throughput … Read more

NFTs: Past, Present, and Future

While non-fungible tokens (NFTs) have had their roots in the crypto industry for many years, the asset class arguably entered the mainstream consciousness in 2021. This entry was propelled by surging NFT sales and household celebrity names entering the space. Digital artist Beeple played a significant role in spurring the positive sentiment surrounding the growing asset … Read more

The Dawn of Decentralized Auctions

Burnt Banksy Jul 19 · 5 min read The systems in place for the issuance and sale of traditional assets are unsuitable for the decentralized future. Crypto assets are growing to capture a larger market value and appropriate infrastructure must be built around this growing asset class. With NFTs growing to represent a significant portion … Read more

Introducing Governance on Burnt Finance

Burnt Banksy Jun 14 · 3 min read One of the core components of Burnt Finance is complete decentralization, calling for a structure that is entirely owned, operated, and governed by the community. The decentralized nature of our protocol is retained via a robust governance system that empowers our vibrant community to explore and innovate … Read more

Introducing Decentralized Auctions on Burnt Finance: Part II

Burnt Banksy May 27 · 5 min read As we journey onwards in our mission to enable fully decentralized auctions, we are proud to unveil the next two types of auctions on Burnt Finance: Lottery and Bonding Curve. In part one of this series, we discussed the distinct characteristics of English and Dutch auctions, two … Read more