Bitcoin Marketplace Scarce City Raises $690,420

Scarce City, a marketplace of Bitcoin-related artworks, has raised $690,420 from investors including Jason Williams, Brad Mills, Plan B Ventures, Lightning Ventures, and Fulgur Ventures.

“We’re grateful to bring bona fide Bitcoin investors on to our team to contribute to our mission to support Bitcoin culture and adoption,” said Scarce City’s chief executive pleb, Chris Tramount, in a statement sent to Bitcoin Magazine.

Scarce City leverages Bitcoin technology, including the Lightning Network, to decrease auction costs and improve efficiency in its marketplace, where Bitcoin art is auctioned and priced in BTC. Buyers bid online, and the art is delivered as soon as a winner is selected.

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