XION Blockchain for Consumer Apps Raises $25M to Drive Mainstream Adoption

XION, a blockchain for consumer apps, raised $25M in Series A funding from investors like Multicoin and Arrington Capital.

XION is built by Web3 foundry Burnt, founded by pseudonymous "BurntBanksy," known for publicly burning a $95K Banksy painting in 2021.

XION aims to improve mainstream blockchain adoption by abstracting away wallet management and gas fees.

It uses USDC stablecoin as primary currency for predictable pricing and frictionless transactions.

The funding will help accelerate XION's development and support projects in music, gaming, and other consumer apps.