Burnt, a Web3 foundry, has announced the public launch of its testnet for XION, the first layer-1 blockchain built for consumer adoption. The Company has also received a prior strategic investment from Circle Ventures, the venture capital arm of Circle, a global financial technology firm and issuer of USDC. XION is designed to revamp the digital assets ecosystem with a focus on tangible use cases, such as private and public communities, membership, loyalty programs, and games. It is the first blockchain to use USDC, a fully-reserved digital dollar, as its primary transactional currency, and all transactions on XION are gasless. To date, XION has onboarded 200,000+ active on-chain wallets, produced over two million blocks, and processed over 1,000,000 on-chain transactions. XION is supported by an ecosystem of over seventy-five partners, who provide users with key functionality and a seamless experience. Global payment service provider Checkout.com powers CHRGE and allows users to buy assets via their credit card. Exodvs, an on-chain membership platform, allows projects built on XION to run and grow their communities. Osmosis enables user-experience enhancements through XION’s pioneering implementation of the innovative Fee Abstraction module. Burnt’s CEO, Burnt Banksy, stated that their long-term vision for XION is to empower user-friendly applications that harness the power of Web3 without the complexities typically associated with blockchains. Wyatt Lonergan, Principal at Circle Ventures, expressed his support for Burnt’s mission of providing developers with the ability to craft user-friendly experiences that abstract away the complexities typically associated with using Web3. XION is built on the industry’s most dependable and secure consensus framework (Comet BFT), inter-chain communication protocol (IBC), and developer toolkit (Cosmos SDK). This battle-tested infrastructure has over $50 billion in secured assets, supports millions of transactions, and is trusted by some of the industry’s biggest projects. Burnt is the Web3 foundry behind XION, a layer-1 blockchain built for consumer adoption. It is supported by an ecosystem of over forty partners, providing its users with key functionality and a seamless experience. XION is built on the industry’s most dependable and secure consensus framework, inter-chain communication protocol, and developer toolkit. It has received a prior strategic investment from Circle Ventures, the venture capital arm of Circle, a global financial technology firm and issuer of USDC. The Company’s long-term vision is to empower user-friendly applications that harness the power of Web3 without the complexities typically associated with blockchains.
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Global |
| Countries | |
| Sentiment | positive |
| Relevance Score | 8 |
| People | Wyatt Lonergan, Burnt Banksy |
| Companies | Osmosis, Circle Ventures, Checkout.com, Burnt, Exodvs |
| Currencies | Cronos, USDC, BNB, Ethereum, Bitcoin |
| Securities | None |
