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Burnt - strategic
Overview
Funding Date
October 5, 2023
Financing amount
--
Valuation
--
Catagory
About Burnt - strategic
Burnt is officially announcing its strategic investment from Circle Ventures, as it launches the XION public testnet. XION is the first layer one blockchain to integrate USDC across the infrastructure stack, enabling true mainstream consumer adoption.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Corporate | United States of America | 2013 | 79 | info@circle.com |
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.