Wednesday, April 17, 2024
HomeFunding Xion(Burnt) Secures $25Million in Funding

[Funding alert] Xion(Burnt) Secures $25Million in Funding

Xion, a blockchain built with widespread adoption in mind. Arrington Capital, Draper Dragon, Sfermion, GoldenTree, Animoca Brands, Laser Digital (Nomura), Multicoin, and others were among the backers.

Xion,(Burnt) a blockchain built with widespread adoption in mind. Arrington Capital, Draper Dragon, Sfermion, GoldenTree, Animoca Brands, Laser Digital (Nomura), Multicoin, and others were among the backers.

With the additional funding, XION will be able to create and grow its global ecosystem more swiftly. A modular Generalised Abstraction layer 1 blockchain has been created by Xion with the intention of facilitating smooth user experiences for average users, hence increasing consumer acceptance.

It lets developers create, release, and grow Web3 products that are ready for consumers from the bottom up. Additionally, it is the first blockchain to use USDC, a fully-reserved digital dollar, as its main transaction currency, giving users consistent pricing across their interactions with the network.

Read also – Blue Yonder deaclares an Agreement To Acquire One Network Enterprises

Through use of its Meta Accounts, which maintain complete non-custodial status and do away with the necessity for direct private key management, the blockchain facilitates users’ seamless onboarding to apps developed on its network through well-known Web2 techniques like email or fingerprint authentication.

In addition, XION’s accounts enable cross-device usage, key rotation, multi-factor authentication, and account recovery. With the establishment of more than 1.3 million Meta Accounts, the processing of more than 15 million transactions, and an ecosystem comprising more than 150 projects, Xion has already shown notable usage and popularity during its test period.

About Xion (Burnt)

Burnt is a core contributor to XION, the first modular Generalized Abstraction layer purpose built for consumer adoption. Through protocol-level implementations related to abstracted accounts, signatures, fees, interoperability, and more, XION enables secure, intuitive, and seamless user experiences. Burnt believes everyone, regardless of technical knowledge, should be able to have the same access to true ownership.

Read also – Blue Yonder deaclares an Agreement To Acquire One Network Enterprises

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