ZERO TO ONE: HOW XION IS LEVERAGING CHAIN ABSTRACTION TO SIMPLIFY WEB3

What is XION?

XION is a layer one blockchain that empowers builders to create consumer-friendly Web3 applications. It does this by enabling simple, frictionless experiences for users through its Chain Abstraction solution.

XION aims to address the biggest barriers to widespread Web3 adoption — given the functional and cultural barriers that exist in most Web3 products, solutions that are both user-friendly and useful are few and far between. Users shouldn’t need to understand the technical intricacies of blockchains to enjoy its benefits, just like they don’t need to understand the technical intricacies of HTTP and TCP/IP when using the apps on their phones every day.

XION’s traction has shown early success in driving widespread Web3 development and adoption. XION has raised $36 million to date, including $25 million in its most recent funding round, from top-tier investors including Multicoin, Animoca Brands, Circle, and more. Over 3 million users are actively using products built on the XION chain, reflecting the user-friendly designs and widespread appeal it enables. The ecosystem has experienced explosive growth as well, with over 170+ integrations, deployments, and partnerships. 

XION is on a mission to make Web3 accessible to everyone, everywhere. It is enabling this by breaking down barriers to entry, powering frictionless user experiences, and empowering developers to build consumer-ready applications.

The Early Days

From the very beginning, XION’s team of core contributors have always been committed to making Web3 accessible to all users. Everyone — regardless of technical knowledge — should have the same access to the benefits of Web3. This mission has been at the heart of XION’s story since its founder, Burnt Banksy, shot to fame in 2021.

The Founder: Burnt Banksy

Burnt Banksy, the founder of XION, first made history when he burnt a Banksy painting and created a high-value NFT out of the event, demonstrating digital scarcity on the world stage. The NFT sold for $380,000, four times as much as the original Banksy artwork. This piece of performance art made history around the world, receiving acclaim and coverage by leading publications including Bloomberg, CoinDesk, The New Yorker, GQ, TechCrunch, CoinTelegraph, CBS, HYPEBEAST, Art.Net, and the BBC. Burnt Banksy cemented himself as a Web3 pioneer, and is often cited as one of the main catalysts of the NFT revolution.

XION’s Core Contributing Team: Burnt

Burnt Banksy went on to found Burnt and began building products geared towards everyday users. In this process, the Burnt team quickly found that these products all suffered from the same complexities - an inability to onboard non-technical users. It became apparent that crypto’s technicalities were the true barriers of mainstream adoption. Burnt was compelled to build deeper into the stack to address these complexities from a first principles approach, and the team conceptualized the XION layer one blockchain.

XION’s Chain Abstraction: Enabling Mass Adoption By Addressing Web3 Complexities

Web3 has long presented a classic catch-22 – its potential for revolutionizing the internet depends on its widespread adoption, but there are high barriers to entry. The decentralized nature of Web3 promises greater control and sovereignty, but its complexities and steep learning curve deter users. As a result, the industry has also failed to produce tangible use-cases with the utility to draw the masses to the technology.

The complexities that have prevented the development of real products can often be grouped into being either functional or cultural in nature. Functional barriers refer to the technical challenges and complexities of using Web3 technologies, such as managing seed phrases and understanding gas fees, while cultural barriers involve the shift in mindset required to embrace decentralized systems, which can differ significantly from traditional internet usage patterns and norms. These challenges are evident in Web3’s:

• Complex user interfaces

• Wallet complexities

• Gas and complicated payment processes

• Device and interoperability issues

• Pricing volatility

• Growing fragmentation

• And more…

XION addresses these functional and cultural barriers from a first-principles approach. It aims to fully abstract away all crypto complexities, to enable the onboarding of everyday users. 

What is Chain Abstraction?

XION achieves this through its Chain Abstraction solution, which empowers builders to mitigate these challenges and improve the user experience of Web3 products. Some of the ways it does so is through unique and primitive protocol-level abstractions that span Accounts, Signatures, Payments, Pricing, Gas Fees, Devices, and Interoperability:

• Account Abstraction – simplifying user logins and enabling advanced account management & interactions through smart contract accounts

• Signature Abstraction – enabling the use of biometrics, passkeys, emails, and more by allowing the signing of transactions across all cryptographic curves

• Pricing Abstraction – enabling products to be fiat-denominated for familiar pricing and reduction of asset volatility 

• Device Abstraction – allowing users to use Web3 applications across all of their devices seamlessly

• Payment Abstraction – streamlining payments by eradicating the traditional purchasing complexities through its unique fee abstraction

• Gas Abstraction – removes the need for users to handle gas fees or even need to understand the concept

• Abstracted Interoperability – reducing fragmentation and creating unified user experiences by extending XION’s seamless UX to connected ecosystems

This infrastructure is central to XION's mission to simplify Web3 for developers and end-users alike. By collaborating with builders to provide them with a robust and scalable infrastructure, XION has cultivated a thriving ecosystem where users enjoy a better Web3 experience.

XION’s Ecosystem Growth and Traction

XION has experienced tremendous growth across its ecosystem and community. It has onboarded over 3 million user to its Meta Accounts – non-custodial Web3 accounts that enable Web2 authentication methods – and seamlessly processed over 40 million transactions. XION’s ecosystem has also quick expanded to over 170+ deployments, integrations, and partnerships with leading projects, including core infrastructure integrations such as Hyperlane, SubQuery and Pyth, apps such as EarnOS, Moseiki, and BetFi, and strategic chain abstraction expansions to Avalanche, BNB Chain, Solana, Injective, Neutron, and more. Additional ecosystem partners can be found on the ecosystem page.

Blaze Syndicate Community

XION’s community, the Syndicates, is over 1.3 million members strong and includes users from over 150+ countries, speaking more than 20 languages. The Syndicates’ mascot, Blaise, is characterized as a flame, owing to the project’s roots and symbolizing spreading the flame of knowledge. XION’s rich lore continues to attract users to join the Syndicates every day, offering them a unique opportunity to contribute to its burgeoning ecosystem and story. Its discord server and regional telegram channels build a sense of community with the Syndicate, with exciting community initiatives such as Redemptions.

XION’s global presence is bolstered by its regional expansions, connecting members through various international channels, whether on Discord, Telegram, or Twitter. These platforms allow Syndicates from different regions to engage in their native languages, share local insights, and participate in regional initiatives to expand XION’s presence worldwide. To find and join your regional group, first join the XION Discord to explore the complete list of XION's international accounts.

Builder Ecosystem: Why Developers are Choosing XION

The XION ecosystem has also quickly cultivated an expansive community of builders creating next-generation consumer friendly applications. XION’s Chain Abstraction solution is providing the infrastructure necessary to build familiar, intuitive experiences for the end users while empowering them to benefit from Web3’s decentralized, permissionless architecture in the backend. With protocol-level abstractions built in, XION’s tech stack is vastly simplified to facilitate streamlined development. This allows for greater product development and quicker iterations on existing applications, while also allowing for greater support and upgradeability.

The ecosystem doesn’t just provide Web3 builders with cutting edge infrastructure, however, it nurtures them with an incubation-style approach to building products with the end user in mind, while also providing an enormous user base to bootstrap initial project communities. In addition, through XION’s connectivity to all major ecosystems, builders aren’t siloed and have access to an expansive network. Projects in the ecosystem benefit from development support, fundraising guidance & introductions, marketing support, and a white-glove service at every turn, allowing them to build successful products that provide tangible utility to everyday users.

Continued Innovation

This is only the beginning of XION’s story, and it continues to evolve rapidly through ongoing innovation, global expansion opportunities, and a rapidly growing ecosystem. Its Chain Abstraction represents a paradigm shift for the industry as it paves the way for true mainstream adoption of Web3, through its commitment to making Web3 accessible to everyone, everywhere. 

Want to get involved? Explore the resources below and start making your mark on XION today.

Join the XION community & stay up to date with the latest news:

• Follow the Twitter.

• Join the Discord community.

• Subscribe to the Telegram announcements.

• Read the blog to stay up to date.

• Join the Syndicates community.

• Explore parts of the testnet.

Looking to build on XION? You can get started here:

• Read the Whitepaper to learn more about XION's infrastructure innovations.

• Explore the technical documentation, including getting started tutorials.

• Join the Discord Developer Chat.