Burnt (Xion) raised $25M in a Series A funding round

April 1, 2024

Layer-1 blockchain built for consumer adoption Burnt (Xion) raised $25M in a Series A funding round from Animoca Brands, Multicoin Capital, Golden Tree, The Spartan Group, Laser Digital, Mechanism Capital, Sfermion, Arrington Capital, Draper Dragon, Figment, Vessel Capital, Morningstar Ventures, Innovating Capital, Anti Capital, Hex Trust, MH Ventures, Stateless Ventures, KuCoin Ventures, Selini Capital.

Burnt is a Web3 developer working to advance financial and creative freedom, and they are developing XION, a layer-1 blockchain tailored for consumer adoption. XION aims to simplify Web3 for non-technical users by abstracting crypto complexities. XION uses $USDC as its primary transactional currency, ensuring security, stability, and familiarity in its ecosystem by eliminating bridging risks, price volatility.

You can find all funding rounds, links, and details on the project page Burnt (Xion)