XION Foundation: Will continue to promote new initiatives to grow the ecosystem
The future of Web3 is collaborative and inclusive, and the XION Foundation is committed to empowering people around the world in the development and use of accessible blockchain applications.
The XION Foundation is a non-profit organization dedicated to leading the development of the XION ecosystem while upholding its core values. Its mission is to carefully manage and continuously expand the XION network—a decentralized blockchain platform that enables developers to build Web3 applications accessible to everyone, everywhere.
Additionally, we will launch the $XION token, a utility token that powers the XION Proof of Stake (PoS) network, laying a solid foundation for a prosperous and self-sustaining ecosystem. It is used to secure the network and is designed to encourage participation, collaboration, and growth within the ecosystem while ensuring the maintenance of decentralization.
As an open blockchain platform, XION is committed to making Web3 applications accessible to everyone. It provides developers with the ability to create and deploy applications that can be used by global users, eliminating barriers to entry in the blockchain market. We firmly believe that by simplifying the entry threshold for blockchain technology, we can promote the accessibility and democratization of financial services, asset ownership, and the digital economy.
The XION Foundation supports teams building secure, open-source, and decentralized applications within the ecosystem, with the primary goal of ensuring universal accessibility to Web3 through XION. Its ultimate aim is to pave the way for a decentralized internet where all users can participate freely and safely. As the XION Foundation continues to grow, it will keep driving new initiatives to expand the ecosystem, such as:
- Supporting developers building infrastructure and applications based on XION
- Overseeing community incentive and airdrop programs
- Funding research and development for scalable and accessible blockchain systems
- Supporting open-source public goods for the ecosystem
- Encouraging open, core development processes
- Overseeing a rewards and delegation program to recognize meaningful contributions to the network
The XION Foundation will play a balancing role, providing guidance while ensuring that the community remains the driving force behind the ecosystem's development. The future of Web3 is collaborative and inclusive. The XION Foundation is committed to empowering people around the world to develop and use accessible blockchain applications. Our collective efforts aim to achieve a truly open and inclusive Web3 ecosystem, with XION playing a key role in realizing this vision. We invite all organizations and individuals who share the vision of making blockchain technology accessible to join us in advancing this mission.
About XION
XION is the first Layer 1 blockchain built specifically for consumer adoption through chain abstraction. The founder of XION is Burnt Banksy, who sparked global discussions about NFTs three years ago by burning a Banksy artwork and minting it as an NFT. Through XION, Burnt Banksy is committed to democratizing Web3, making it easy for everyone to own digital assets and eliminating unnecessary barriers and complexities.
By implementing account abstraction, signatures, fees, interoperability, and other features at the protocol layer, XION is able to provide a secure, intuitive, and seamless user experience. The project has raised over $36 million from top investors such as Multicoin, Circle, Animoca, Hashkey, and Spartan.
