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Xion, a Layer-1 blockchain designed for consumer adoption, has successfully raised $25 million in a Series A funding round. The round saw participation from a range of investors including Animoca Brands, Multicoin Capital, Golden Tree, The Spartan Group, Laser Digital, Mechanism Capital, Sfermion, Arrington Capital, Draper Dragon, Figment, Vessel VC, Morningstar Ventures, MH Ventures, and others. The firm announced that the additional funds would be used to continue making cryptocurrency accessible to everyone, everywhere. Xion is focused on abstracting away the complexities of web3 and empowering developers with their infrastructure solutions. The company is also in the process of launching its mainnet and is collaborating with the right partners to lay the foundation for this initiative.
Web3 infrastructure firm Xion secures $25 million in funding https://t.co/U1bnpO2FOk
XION RAISES $25 MILLION TO “MAKE CRYPTO DISAPPEAR” - INVESTMENT FROM ANIMOCA, MH VENTURES, MULTICOIN, AND OTHERS “We’re in the process of launching mainnet and are bringing together the right partners to set the groundwork.” - @burnt_xion has just now announced an additional… https://t.co/aF7RRKoTpt https://t.co/yPpFp3LOVd
Another stellar team raising capital to double down on their mission! Congrats to the @burnt_xion team on the raise! We are honored to be a part of it. XION is abstracting away web3 complexities and empowering devs with their infrastructure solution. Read more 👉 https://t.co/UKyB1NmNVx
