Andrew Chen, head of a16z’s $600 million Game Fund One, stirred up the community with his announceme
Skip to content
AZC.News
en EN
BTC Coin BTC
-4.76%
ETH Coin ETH
-5.75%
USDT Coin USDT
-0.13%
BNB Coin BNB
-3.96%
SOL Coin SOL
-7.73%
USDC Coin USDC
-0.09%
XRP Coin XRP
-3.46%
DOGE Coin DOGE
-9.47%
ADA Coin ADA
-7.37%
AVAX Coin AVAX
-9.23%
BTC Coin BTC
-4.76%
ETH Coin ETH
-5.75%
USDT Coin USDT
-0.13%
BNB Coin BNB
-3.96%
SOL Coin SOL
-7.73%
USDC Coin USDC
-0.09%
XRP Coin XRP
-3.46%
DOGE Coin DOGE
-9.47%
ADA Coin ADA
-7.37%
AVAX Coin AVAX
-9.23%
Search...
Home > News
Published: 02/04/2024
-
Author: Kane
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.
Read More
#XION
0.0/5
Love
Avatar of Santosh devi sharma
Santosh devi sharma
02/04/2024 at 9:43 am
Great future
Like Reply Share
Leave a Reply
Your email address will not be published. Required fields are marked *
Comment *
Twitter
Telegram
Name
Save my name, email, and website in this browser for the next time I comment.
LATEST
Azcnews
News | Bitcoin | Editor Choice 02/04/2024
Bitcoin’s Drop to $65,000 Triggers Strong Liquidation Wave
Bitcoin's sudden 5% flash crash wiped out over $165 million in leveraged positions, shaking trader confidence and impacting the broader cryptocurrency ecosystem.
Azcnews Breaking
News | Blockchain | Editor Choice 02/04/2024
a16z Injects $30 Million into Gaming-Related Startups
Andreessen Horowitz (a16z), a leading venture capital firm in the technology and cryptocurrency space, has tapped into the significant potential of the gaming market by deciding to invest $30 million in startups related to this sector.
Azcnews Breaking
News | Editor Choice | Policy & Regulations 02/04/2024
TRON Foundation Asserts Strongly Against SEC Lawsuit
The Tron Foundation, the organization behind the Tron blockchain layer-1, has requested the federal court in New York to dismiss the lawsuit filed against them by the U.S. Securities and Exchange Commission (SEC).
Azcnews
News | Altcoin | Editor Choice 02/04/2024
The Number of Ethereum Investors is Growing Steadily
In the past 24 hours, Ethereum (ETH) experienced a decline of over 2%, with market indicators signaling a bearish trend.
Azcnews Breaking
News | Altcoin | Editor Choice 02/04/2024
Tether Acquires $627 Million Worth of Bitcoin in Q1 2024
In the first quarter of this year, Tether, the company issuing the stablecoin USDT, has acquired nearly 9,000 BTC, equivalent to $627 million USD, raising its holdings of Bitcoin to $5.2 billion USD.
Top views
1
Guide to Participating in Eclipse Testnet
2
NIM Network Announces Airdrop of 90 Million Tokens
3
Standard Chartered Forecasts Bitcoin to Rise to $250,000
4
How to Participate in the Backpack Airdrop
5
Bitcoin Halving Chart History Analysis
6
What is ChatAI? Information about CHATAI Token?
7
Solana Earns the Title of Ethereum Slayer
8
The Resurgence of “RWA” Token Category
9
Square Enix Invests in Web3 Platform and NFT HyperPlay
10
AltLayer Introduces ALT Staking Feature
About AZC.News
About Us
Contact Us
Privacy Policy
Terms of Services
Market
Analytics
Top Crypto Exchange
Top Cryptocurrency
Knowledge
Research
Glossary
Earn
Airdrop
Social Community
Copyright 2024 © AZ Coiner
