Burnt (XION) Successfully Raises $25 Million in Series A Round

Blockchain layer-1 project Burnt (XION) has announced a successful $25 million Series A funding round from seasoned investors such as Multicoin and The Spartan Group.

Azcnews Breaking

In the context of the booming cryptocurrency market, investors once again demonstrate strong confidence in the potential of this industry. Recently, XION, an innovative startup in the web3 infrastructure sector, has surpassed many industry giants to secure $25 million in its latest funding round.

XION’s successful fundraising round has attracted participation from renowned names such as Animoca Brands, Laser Digital, Multicoin, Arrington Capital, Draper Dragon, Sfermion, GoldenTree, and various other organizations. This solidifies XION’s position and immense potential in this emerging technology market.

Related: a16z Injects $30 Million into Gaming-Related Startups

Introduction to Burnt (XION)

Interface Xion
Interface Xion

XION is built on the Comet BFT consensus framework and Inter-Blockchain Communication (IBC) protocol, considered the most reliable and secure in the industry, along with the Cosmos SDK development toolkit. This battle-tested infrastructure has safeguarded over $50 billion in assets, facilitated millions of transactions, and earned the trust of major industry projects like Binance Chain (BNB), Crypto.com (CRO), Injective (INJ), and DyDx (DYDX).

Embracing the concept of “generalized abstraction,” XION promises to simplify and make cryptocurrency operations more user-friendly than ever before. With XION, interacting with the blockchain will be as easy as using a smartphone, without the hassle of seed phrases or private keys.

Notably, XION will be the first blockchain to integrate the USDC stablecoin as its official currency unit for its protocol. This move not only demonstrates forward-thinking vision but also reaffirms the determination to elevate blockchain to new heights of user-friendliness and flexibility.

Previously, in December 2023, XION successfully launched its testnet after a successful $11 million fundraising round from leading investors such as Circle Ventures, Animoca Brands, Multicoin, HashKey, and Valor. This initial boost helped XION adequately prepare before entering the phase of global-scale development.

With the new investment influx, XION is poised to break through and turn the dream of building an advanced, user-friendly web3 ecosystem into reality. They are opening up a new horizon for the cryptocurrency market where blockchain technology will no longer be unfamiliar but will become more accessible and user-friendly than ever before to the masses.

(2 votes)

5.0/5

(2 votes)
  1. Avatar of Santosh devi sharma
    Santosh devi sharma

    Great future

Comments are closed.

Latest

70% Of Bnb Chain Memecoin Investors Are In Profit

News | Editor Choice | Memecoin

70% of BNB Chain Memecoin Investors Are in Profit – CZ’s “Meme Season” Is in Full Swing

The memecoin wave on the BNB Chain is exploding, with over 70% of investors reporting profits as capital floods in — marking the start of the most vibrant “meme season” ever predicted by CZ.

Paypay Acquires 40% Stake In Binance Japan

News | Editor Choice | Policy & Regulations

PayPay Acquires 40% Stake in Binance Japan

The acquisition of a 40% stake in Binance Japan marks a historic milestone for PayPay, paving the way for the convergence of traditional payments and digital assets, and shaping the future of Japan’s digital finance landscape.

Bitcoin Boom Ahead Institutional And Derivatives Data Reveal

News | Bitcoin | Editor Choice

Bitcoin Boom Ahead? Institutional and Derivatives Data Reveal

Market experts believe that Bitcoin (BTC) is in a phase of accumulation rather than topping, predicting a retest before the next explosive breakout.

Bnb Super Cycle – A Massive Rally Or Binance’s Next Big Bubble

News | Altcoin | Editor Choice

BNB Super Cycle – A Massive Rally or Binance’s Next Big Bubble?

Binance’s BNB token is heating up the crypto market with a series of new record highs, but amid the excitement of the so-called “Super Cycle,” many analysts warn it could just be a bubble waiting to burst.

Bitcoin Cools Off After Record Breaking Rally

News | Bitcoin | Editor Choice

Bitcoin Cools Off After Record-Breaking Rally

After a series of record-breaking gains, Bitcoin suddenly slipped more than 2% on Tuesday afternoon as a wave of profit-taking spread and investor caution returned to the crypto market.

Screenshot 2025 09 10 100533