Xion, a blockchain purpose-built for mainstream adoption, raised $25M in funding.
Backers included Animoca Brands, Laser Digital (Nomura), Multicoin, Arrington Capital, Draper Dragon, Sfermion, GoldenTree, and more.
The new capital will allow XION to quickly expand its development and global ecosystem.
Xion has developed a modular Generalized Abstraction layer one blockchain, purpose built for consumer adoption by enabling seamless user experiences for everyday users. It enables developers to build, launch, and scale consumer-ready Web3 products from the ground up. It is also the first blockchain to integrate USDC – a fully-reserved digital dollar – as its primary transactional currency, providing predictable pricing across all interactions within its ecosystem for consumers.
Through its Meta Accounts, which eliminate the need for direct private key management while remaining fully non-custodial, the blockchain enables users to easily onboard to apps built on its chain using familiar Web2 methods such as email or biometrics. In addition, XION’s accounts enable cross-device usage, key rotation, multi-factor authentication, and account recovery.
Xion has already demonstrated significant usage and adoption during its test phase with the creation of more than 1.3 million Meta Accounts, the processing of over 15 million transactions, and an ecosystem of over 150 projects.
FinSMEs
01/04/2024