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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

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    Base claims top 3 spot in 30-day NFT volume: DappRadar

    floor down up to 18% in the last week (week ended August 26, 2023), volumes still robust

    floor down up to 18% in the last week (week ended August 26, 2023), volumes still robust

    Blue chip NFTs sink double digits as ETH retreats from record highs

    Blue chip NFTs sink double digits as ETH retreats from record highs

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    What’s Behind the Double-Digit Declines?

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    NFT sales drop 25% to $134m, CryptoPunks plunge 59%

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    Ethereum Rules With $56.57M Sales, Solana and Polygon Compete

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    Google Boosts Gemini AI Image Capabilities in Latest Salvo Against ChatGPT

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    What Is Impermanent Loss? How It Works, and How to Avoid It

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    What Is an Algorithmic Stablecoin? How It Works and Why It Matters

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    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    Enhancing Security in Online Gambling with Blockchain Technology

    Enhancing Security in Online Gambling with Blockchain Technology

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

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    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

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    The Future of Gambling: How Casino Sites Are Leveraging Web3

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    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

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    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

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    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

  • Metaverse
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    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

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    Experience to Earn: Everdome’s Metaverse Frontier

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    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

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    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

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    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

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    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

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    Carrieverse and Disney Ink Content Deal

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    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

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    Somnia Launches Playground App to Empower Metaverse Creators

  • NFT
    Base claims top 3 spot in 30-day NFT volume: DappRadar

    Base claims top 3 spot in 30-day NFT volume: DappRadar

    floor down up to 18% in the last week (week ended August 26, 2023), volumes still robust

    floor down up to 18% in the last week (week ended August 26, 2023), volumes still robust

    Blue chip NFTs sink double digits as ETH retreats from record highs

    Blue chip NFTs sink double digits as ETH retreats from record highs

    What’s Behind the Double-Digit Declines?

    What’s Behind the Double-Digit Declines?

    Telegram NFT Gifts Hit $57M in Sales as Users Rush In

    Telegram NFT Gifts Hit $57M in Sales as Users Rush In

    NFT sales drop 25% to $134m, CryptoPunks plunge 59%

    NFT sales drop 25% to $134m, CryptoPunks plunge 59%

    Ethereum Rules With $56.57M Sales, Solana and Polygon Compete

    Ethereum Rules With $56.57M Sales, Solana and Polygon Compete

    Defunct NFT lender Parallel Finance charges users $500 to withdraw assets

    Defunct NFT lender Parallel Finance charges users $500 to withdraw assets

    $3.62B Already Sold in 2025

    $3.62B Already Sold in 2025

  • Gaming
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    KuCoin Pay Joins Forces with 2Game Digital to Drive Web3 in Gaming

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    GaFin Joins Cyber Crash to Advance Web3 Gaming

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    Buzzy Ethereum Game Football.fun Has Soccer Fans Scoring Crypto Gains

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    Stability World AI Adds Games to Transform the Future of Web3 Gaming

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    Play Solana to ship handheld gaming device in October

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    The Rise of Indian Online Casinos: Affiliates, Crypto, and Seamless Gaming?

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    Avalanche Selects Funtico to Support Indie Game Developers

    Google Boosts Gemini AI Image Capabilities in Latest Salvo Against ChatGPT

    Google Boosts Gemini AI Image Capabilities in Latest Salvo Against ChatGPT

    How Toyota Plans to Transform Vehicle Data and Ownership with Blockchain

    How Toyota Plans to Transform Vehicle Data and Ownership with Blockchain

  • Blockchain
    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    LFG Boosts Token Launches with Community Power

    LFG Boosts Token Launches with Community Power

    Polyhedra Network launches Proof Cloud in open beta

    Polyhedra Network launches Proof Cloud in open beta

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

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    SoonVerse Partners with Arris to Enhance User Experience

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

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    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

  • AI
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    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    ETH Daddy Discusses Ethereum and AI

    ETH Daddy Discusses Ethereum and AI

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    ChatGPT is a tad too enthusiastic about Ethereum’s prospects

    I asked ChatGPT to predict Ethereum’s prospects as billionaire holders accumulate

    UAE emirate launches new free zone for digital assets, Web3 and AI

    UAE emirate launches new free zone for digital assets, Web3 and AI

  • Guides
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    What Is Impermanent Loss? How It Works, and How to Avoid It

    What Is an Algorithmic Stablecoin? How It Works and Why It Matters

    What Is an Algorithmic Stablecoin? How It Works and Why It Matters

    What Is Volatility in Crypto? Why It Happens and How to Stay Safe

    What Is Volatility in Crypto? Why It Happens and How to Stay Safe

    What is Cloud Mining? A Beginner’s Guide

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    What Are Bitcoin Runes and RunesDEX? – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    What Are Bitcoin Runes and RunesDEX? – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    6 Under-$1 Utility Tokens with Real-World Use to Watch in the 2025 Bull Run

    6 Under-$1 Utility Tokens with Real-World Use to Watch in the 2025 Bull Run

    What is Crypto FOMO? How to Avoid Emotional Investing Mistakes

    What is Crypto FOMO? How to Avoid Emotional Investing Mistakes

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    What Is Crypto Arbitrage and How to Use It in Trading?

    What’s the Difference & Which Is Better to Trade?

    What’s the Difference & Which Is Better to Trade?

  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

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    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

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    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

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Home NFT

interview with the founder of NFT art project Burnt

August 3, 2024
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interview with the founder of NFT art project Burnt
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The Cryptonomist conducted an interview with Burnt Banksy, founder of NFT art project Burnt and core contributor to the XION L1 blockchain.

READ ALSO

Base claims top 3 spot in 30-day NFT volume: DappRadar

floor down up to 18% in the last week (week ended August 26, 2023), volumes still robust

Burnt Banksy is leading a mission to democratize web3 for the masses and make digital ownership accessible to all by removing unnecessary barriers and complications through crypto abstraction.

After launching the XION Blockchain, Burnt Banksy and his team secured a $25M funding round – with the goal of “making crypto disappear.”

Burnt Banksy provided us valuable insights into topics related to Web3 adoption, crypto abstraction, ecosystem interoperability, and why he and XION’s investors believe that XION is the future of web3 abstraction.

  • XION aims to democratize web3 for the masses by removing unnecessary barriers and complications through crypto abstraction. Can you explain what crypto abstraction entails and how it translates into making digital ownership more accessible?
  • Congratulations on securing a $25M funding round! Can you share more about how you plan to utilize this funding to further XION’s mission and what specific milestones you aim to achieve in the near future?
  • One of your goals is to “make crypto disappear.” What does this mean in practical terms for end-users, and how does this approach contribute to broader web3 adoption and accessibility?
  • Ecosystem interoperability is crucial for the success of blockchain projects. How does XION ensure seamless interoperability with other blockchain ecosystems, and what role do you see this playing in the future of web3?
  • There are many projects focused on making web3 more user-friendly. What sets XION apart from other initiatives in this space, and why do you and your investors believe that XION is the future of web3 abstraction?
See also  Pudgy Penguins And its Growth Amidst the Crypto Winter

XION aims to democratize web3 for the masses by removing unnecessary barriers and complications through crypto abstraction. Can you explain what crypto abstraction entails and how it translates into making digital ownership more accessible?

Crypto abstraction simply makes blockchain technology easy to use by hiding all the complicated stuff behind simple, user-friendly interfaces that they are already familiar with. It lets people interact with digital assets without needing to be tech experts. Features like meta-transactions, where someone else can pay the transaction fees for you, and familiar login methods make it super accessible.

Congratulations on securing a $25M funding round! Can you share more about how you plan to utilize this funding to further XION’s mission and what specific milestones you aim to achieve in the near future?

Thank you! We are at a pivotal point in the life of any startup, seeing great reception on our product. It is very clear that now is our time to scale what works. We have already been able to make key hires necessary for growth and plan to continue. We have seen our ecosystem grow exponentially and want to provide all resources for projects to thrive.

One of your goals is to “make crypto disappear.” What does this mean in practical terms for end-users, and how does this approach contribute to broader web3 adoption and accessibility?

For so long crypto has grown in an echo chamber with immense barriers to entry where only the highly technical have access. In order to get the benefits of crypto, we need to tear down those walls that kept everyone out. People shouldn’t need to know anything to get the benefits of web3. Similar to how a user can scroll the internet without knowing the intricacies, making crypto disappear will allow this.

See also  Sotheby's 'Gold Fur' Bored Ape NFT Auction Will Retest Art World Demand

Ecosystem interoperability is crucial for the success of blockchain projects. How does XION ensure seamless interoperability with other blockchain ecosystems, and what role do you see this playing in the future of web3?

Interoperability is extremely important to us as we know that adoption is not something one team can tackle by themselves. Our approach is being collaborative with many other L1’s by providing chain abstraction to many different protocols. We have already seen success with Abstracted Interoperability demo applications on Neutron and Injective. Additionally, we have brought chain abstraction to Solana, AVAX, BNB, and more.

There are many projects focused on making web3 more user-friendly. What sets XION apart from other initiatives in this space, and why do you and your investors believe that XION is the future of web3 abstraction?

I think we take a different, first principles approach through our chain abstraction by saying we are the first and only wallet less L1 chain. We have seen firsthand the pain points that wallets create and have proven out the immense benefits of replacing wallets with Smart Contract Accounts. Additionally, this allows us to be much more collaborative and interoperable as we boast a cryptographically signature agnostic interop plan.

It’s definitely the combination of lots of things. Obviously, all the abstractions that enable a Web2 UI/UX (login with email, use apps directly on your phone, no gas fees for end users, no seed phrases, plugin complexities, etc.), are built into the protocol as well which reduces development complexities. We also take a very white-glove approach to the ecosystem, helping across marketing, product development, community building, fundraising and really working closely to support growth. We have a big marketing engine which has enabled ecosystem projects to jumpstart their communities, gain massive traction, visibility, and has translated also to access to top-tier investors for projects at the right stage. And the traction is there to support our approach, with over 2.5M users onboarded, over 40M transactions, an ecosystem of over 170+ projects, and brands such as Uber and the North Face completing extremely successful campaigns.

See also  Bored Ape Yacht Club leads NFT sales with US$1.55 million

Tags: artBurntFounderinterviewNFTProject

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