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XION - Series A
Overview
Funding Date
April 1, 2024
Financing amount
$25M
Valuation
--
Catagory
About XION - Series A
XION has raised $25M from investors including Animoca Brands, Laser Digital (Nomura), Multicoin, Arrington Capital, Draper Dragon, Sfermion, GoldenTree, and more.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Corporate | Hong Kong | 2014 | 288 | -- | ||
| Fund | Unknown | -- | 26 | -- | ||
| Fund | United States of America | 2017 | 106 | hello@multicoin.capital | ||
| Fund | United States of America | 2017 | 86 | contact@arringtonxrpcapital.com | ||
| Fund | China | 2006 | 34 | info@draperdragon.com | ||
| Fund | -- | 2019 | 85 | -- | ||
| Fund | United States of America | -- | 24 | info@goldentree.com | ||
| Corporate | -- | 2015 | 17 | -- |
Founders & Team
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.