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Burnt Banksy Announces Company Rebrand, New Vision, and Launch of Consumer-Focused Blockchain, XION

NEW YORK, NY / ACCESSWIRE / March 22, 2023 / Burnt Banksy, founder of the company formerly known as Burnt Finance, has broken months of the company's silence with a series of major announcements. In a recent blog post, Burnt Banksy outlined the company's rebranding from "Burnt Finance" to "Burnt," a new vision, and the launch of its new retail-focused blockchain, Xion.

FROM "BURNT FINANCE" TO "BURNT"

Burnt was initially founded in 2021 in response to the founder's controversial NFT stunt. The company was initially focused on building no-code products and early NFT standards for creators. By early 2022, the team came to see that "the industry had been trapped in an echo chamber - building for ourselves and not in the interests of the wider world." It was this realization, the founder says, that prompted a new direction for him and his team.

NEW COMPANY VISION

The rebrand to "Burnt" and its bold, new visual direction reflect the company's confidence and commitment to evolving Web3 beyond DeFi. Furthermore, the founder articulated his new vision for Burnt as a company focused on rebuilding broken systems of ownership, leveraging Web3's potential to redistribute power, autonomy, and financial cooperation at scale.

INTRODUCING THE XION BLOCKCHAIN

In addition, Burnt Banksy proudly announced the first major initiative from Burnt Labs: XION, the first chain purpose-built for consumer adoption. XION aims to remove technical crypto barriers with seamless fiat on and off ramps, user-friendly wallets, and zero gas fees.

With XION, Burnt has the unique opportunity to shape the ecosystem's economics from the ground up, aligning incentives at every level from infrastructure to end-users. "We believe everyone, regardless of technical knowledge, should be able to have the same access to true ownership," the founder passionately remarked as he explained that in the coming weeks Burnt will continue to release information regarding Xion, its roadmap to launch, and additional projects.

FOR MORE INFORMATION

To read the full blog post and stay up to date with the latest announcements, visit https://medium.com/burnt
For all press and media related inquiries please contact: press@burnt.com

ABOUT BURNT

Burnt is evolving the future of Web3 with the introduction of XION, the first chain purpose-built for consumer adoption. We believe everyone, regardless of technical knowledge, should be able to have the same access to true ownership.

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SOURCE: Burnt Finance



View source version on accesswire.com:
https://www.accesswire.com/745207/Burnt-Banksy-Announces-Company-Rebrand-New-Vision-and-Launch-of-Consumer-Focused-Blockchain-XION

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