Burnt

Burnt is a Web3 foundry dedicated to advancing financial and creative freedom through blockchain technology. The company focuses on developing infrastructure, products, and tools that eliminate cultural and functional barriers, facilitating broader adoption of cryptocurrency and Web3 solutions. A key initiative by Burnt is XION, a layer-1 blockchain designed specifically for consumer adoption. XION simplifies Web3 interactions by abstracting technical complexities, enabling developers and brands to create user-friendly applications. Notably, XION utilizes USDC as its primary transactional currency, offering stability and familiarity to users. Burnt has secured significant funding, including a $25 million Series A round in April 2024, with investments from entities like Multicoin, Animoca, and Arrington Capital. The company is headquartered in New York, New York, and continues to build partnerships to expand its ecosystem and drive mainstream adoption of blockchain technologies.