According to PANews, consumer-centric developer-built blockchain XION has completed a $25 million Series A funding round, with participation from companies such as Multicoin Capital, Animoca Brands, and Arrington Capital.
XION is built by Burnt, which describes itself as a foundry for Web3, providing a smart contract development toolchain. The company stated in an announcement that it is the first platform to enable developers to 'build, launch, and scale consumer-facing Web3 products from scratch.'
Previously, on March 7th, Burnt Banksy announced the launch of the L1 blockchain XION mainnet, which is the first blockchain designed specifically for mainstream adoption and the first to use USDC, a fully reserved digital dollar, as its primary transaction currency.