One of the hallmark features of XION is its Generalized Abstraction Layer. This layer abstracts complex blockchain functions such as accounts, signatures, gas, pricing, interoperability, and more. This abstraction is specifically designed to lower the entry barrier for non-technical users, enabling them to engage with blockchain technologies effortlessly and intuitively. Through this innovation, XION aims to facilitate the birth of next-generation projects that can introduce Web3 to a global mainstream audience.

Burnt’s contribution to the XION ecosystem is substantial, positioning it as a core contributor. It has spearheaded protocol-level implementations addressing abstracted accounts, signatures, fees, interoperability, among other aspects, to enable secure, intuitive, and seamless user experiences. Burnt operates with the belief that everyone, regardless of their technical proficiency, should have equal access to true ownership and the benefits of blockchain technology.

Financially, Burnt (XION) has successfully raised over $25 million from top-tier investors in the blockchain space, including notable names like Animoca Brands, Circle, Multicoin Capital, and others. This substantial backing underscores the wide industry support for XION’s mission and its potential to significantly impact the blockchain ecosystem. Strategic partnerships, such as with Halborn for ecosystem security, further emphasize the project’s dedication to creating a secure and trustworthy platform for users, addressing one of the critical aspects of onboarding mainstream users to blockchain technology.

In addition to its technological and financial endeavors, the project also focuses on fostering a vibrant community and ecosystem. Through initiatives like hackathons, XION encourages innovation and engagement within its developer community, demonstrating the platform’s potential for mainstream applications and expanding its ecosystem with applications that cater to real-world use cases.

In summary, Burnt (XION) is not just a blockchain project; it is a comprehensive ecosystem aimed at making Web3 accessible and usable for everyone, breaking down technical barriers and paving the way for the widespread adoption of blockchain technology.

Connect with us and be part of our journey.

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Exploring Band and XION

At its core, Band Protocol emerges as a trailblazing decentralized oracle network, boasting over $10 million in fundraising achievements, with support from industry titans like Binance Labs and Sequoia. It’s crafted to effortlessly meld authentic, high-quality real-world data with smart contracts, eliminating dependence on any singular failure points. Developers find in Band a treasure trove of customizable data feeds, oracle scripts, and the innovative verifiable randomness function (VRF), enriching the development landscape on XION. XION stands out as a bespoke layer-one blockchain, engineered from the ground up with consumer applications in mind, embedding user experience (UX) principles directly into its protocol. Its Generalized Abstraction Layer transcends the usual barriers, making Web3 applications a breeze for mainstream audiences and bridging the daunting gap between complex blockchain technologies and everyday users.

Fueling Development on XION

The synergy between Band Protocol and XION lights a beacon for developers, granting them access to Band’s decentralized, accurate price feeds. This collaboration is instrumental in crafting applications that are not only innovative but also user-centric, highlighted by Band’s EUR price feed which aligns perfectly with XION’s focus on local currency real-time pricing, thereby expanding the allure of Web3 applications to a wider audience. This initiative is just the beginning, with potential expansions into additional fiat price feeds set to catapult XION’s reach onto the global stage.

With Band Protocol’s data solutions now integrated into XION, developers intent on demystifying blockchain for the masses find a fertile ground. XION, with its laser focus on exceptional user experiences, combined with Band’s sophisticated data feeds, offers a solid foundation for building secure, globally appealing, and user-friendly applications. This positions XION as an attractive platform for developers aiming to revolutionize consumer-centric Web3 applications and connect with a broader, more varied audience.

Fostering Ongoing Innovation

XION is currently the stage for the ABSTRACTATHON, its inaugural online hackathon. Band Protocol stars as the hackathon’s official oracle solution, presenting developers with a golden opportunity to dive deep into Band’s offerings. Developers eager to weave Band’s data feeds into their XION ventures are provided with comprehensive guides, with an open invitation to partake in the ABSTRACTATHON.

Apply here: https://dorahacks.io/hackathon/abstractathon/detail

Moreover, the ongoing efforts to integrate Band’s Verifiable Random Function (VRF) promise to broaden the horizon for XION’s developers even further. Through its Generalized Abstraction and robust integrations, XION remains at the forefront, carving out pathways for developers to create unparalleled, consumer-friendly applications that stand out in the digital age.

ABOUT 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. Burnt has raised over $11M from top-tier investors including Animoca, Circle, Multicoin, Spartan, HashKey, and more.

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les developers to create seamless Web3 experiences using the Generalized Abstraction, which removes technical barriers for all users.

We are extremely excited to announce that Xion the first blockchain purpose-built for mass adoption, has raised an additional $25M from investors including Animoca Brands, Laser Digital (Nomura), Multicoin, Arrington Capital, Draper Dragon, Sfermion, GoldenTree and others.

The Web3 industry still faces adoption challenges, overwhelming new users with complex onboarding, unfamiliar interactions, transaction friction, technical jargon, and more. It is mostly focused on financial speculation and lacks the simple and interesting consumer applications uniquely enabled by blockchain capabilities. XION aims to change that.

Technical innovations: Generalized abstraction

Generalized Abstraction XION is a comprehensive infrastructure solution that aims to eliminate all these complexities. XION is the first blockchain that allows developers to build, launch and scale ready-to-use Web3 products from scratch. It is also the first blockchain to integrate USDC—the fully reserved digital dollar—as the primary transaction currency, enabling predictable pricing across all interactions in the ecosystem for consumers.

With its Meta-Accounts, which eliminate the need for direct management of private keys while remaining completely non-custodial, XION allows users to easily connect to applications built on its chain using familiar Web2 methods such as email or biometrics. Additionally, XION accounts allow for seamless cross-device usage, key rotation, multi-factor authentication, and account recovery. In addition, with abstract interoperability, the functionality of XION Meta-Accounts has been extended to cover connected ecosystems, greatly improving the cross-chain user experience.

Unprecedented growth and implementation of the ecosystem

XION has already demonstrated significant usage and adoption during its test phase, creating over 1.3 million meta-accounts, seamlessly processing over 15 million transactions, and an ecosystem of over 150 projects.

“We are excited to build XION, the blockchain that will finally make cryptocurrency accessible. With XION, people can seamlessly interact with decentralized applications right on their phone. No need to remember passphrases or store private keys,” says Burnt Banksy, a core member of the XION network. "We are in the process of launching the mainnet and bringing together the right partners to lay the foundation."

The new capital will allow XION to continue to rapidly expand its development and global ecosystem, continuing its mission to make Web3 accessible to everyone, everywhere.

ABOUT BURNT

Burnt is the core developer of XION, the first modular, user-oriented, generalized abstraction layer. With protocol-level implementations of abstracted accounts, signatures, payments, interoperability, and more, XION provides a secure, intuitive, and seamless user experience. Bernt believes that everyone, regardless of technical knowledge, should have equal access to real property. Burnt has raised over $11 million from leading investors, including Animoca, Circle, Multicoin, Spartan, HashKey and others.

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