Web3 infrastructure firm Xion secures $25 million in funding
Powered by @unfolded- Xion, a web3 infrastructure firm, has raised $25 million in funding in a Series A round.
- Participating investors include Animoca Brands, Laser Digital, Multicoin, Arrington Capital, Draper Dragon, Sfermion, GoldenTree, and others.
- Xion uses "generalized abstraction" to build a user-friendly blockchain ecosystem that does not require wallet accounts or additional technical sign-ups.
- The firm employs the stablecoin USDC for its primary transactions and aims to allow people to interact seamlessly with decentralized applications on their phones.
https://www.theblock.co/post/285865/web3-infrastructure-firm-xion-secures-25-million-in-funding