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      Burnt (XION)'s Logo

      Burnt Finance - Seed

      Overview Investors Founders Company Profile / Project Introduction

      Overview

      Funding Date

      May 6, 2021

      Financing amount

      $3M

      Valuation

      --

      Catagory

      Web3 Infrastructure

      Subcategory

      Layer 1 Studio Tooling

      About Burnt Finance - Seed

      Burnt (XION) raised $3.00M in a Seed financing round on May 06, 2021. The round was backed by Injective Protocol, Solana Ecosystem Fund. In total, there were 2 investors that participated in the round.

      Investors

      InvestorsTypeLocationYear Founded#Portfolio CompaniesEmail AddressSocials
      Fund United States of America 2018 8 contact@injectiveprotocol.com
      Corporate United States of America 2018 10 hello@solana.com

      Founders & Team

      Burnt Banksy's Logo

      Burnt Banksy

      Company Profile / Project Introduction

      Burnt integrates & partners with likeminded entities to build the infrastructure, products and tools needed to remove the cultural and functional barriers that hinder crypto from resonating with society at large.

      Burnt is rebranded by Burnt Finance. The new name and visual direction signal their commitment to expanding the impact of Web3 beyond the confines of just DeFi.

      After a year in the making, Burnt team is revealing XION, the first chain purpose-built for consumer adoption. The first of its kind, XION is intended to remove technical crypto barriers for consumers with a toolkit that includes seamless fiat on/off ramps, direct credit card purchases, familiar Web2 logins, safe account abstraction for mobile support, and zero gas fees. At its core, XION provides us the ability to shape the economics of our ecosystem from the ground up; aligning incentives across every level: from infrastructure, to developers, from products to creators and end-users.

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      *Fundraising Announcement: Click here