XION selects Injective as the Pioneering Network for its Chain Abstraction Layer
XION, the first blockchain purpose-built for mainstream adoption, has announced the integration with Injective as the first network for its user-friendly Chain Abstraction Solution.
XION launches first user-friendly Chain Abstraction solution, starting with @Injective.
— Burnt (XION)🔥 (@burnt_xion) April 25, 2024
Frictionless ecosystem interoperability opens up new avenues for mainstream adoption.
This is the future of Web3 - seamless user experiences and application composability.
Try it today ↓ pic.twitter.com/dGxWyvJZza
According to a blog post by Injective, this marks a major milestone in bringing Chain Abstraction into the Injective ecosystem, which makes it easier for crypto beginners to get started, furthering the goal of democratizing finance through decentralization.
With Injective as its first connected blockchain, XION's Chain Abstraction combines the user-friendliness of XION with the smooth composability of users, apps, and liquidity.
By abstracting away the inherent difficulties of Web3, XION seeks to make it easier for all users to navigate. Users can interact with XION applications on any device, desktop or mobile, with ease using well-known Web2 means like email.
A frictionless experience similar to traditional Web2 platforms can also be experienced by users, eliminating the limitations of blockchain technology like gas costs. With the introduction of Chain Abstraction today, these features are now available to other connected blockchain networks.
Burnt Banksy, a core contributor to XION explaining the significance of the launched Chain Abstraction said users don't need to know the underlying infrastructure as long as it works for them. This emphasizes the importance of introducing Chain Abstraction as it will accelerate XION's impact in making Web3 accessible to all users.
In the past, cross-chain usability has caused ecosystem fragmentation and is notably challenging for users to navigate. To facilitate widespread adoption, XION intends to reshape the traditionally competitive nature of L1s—who normally compete for users, liquidity, and developers—with Chain Abstraction.
Users can use Talis with their XION account through the first integration with Injective, eliminating the need to deal with issues like browser plugins, cross-chain bridging, seed phrases, gas fees, and transaction signing.
XION plans to gradually expand its easily navigable Chain Abstraction to numerous additional ecosystems. Developed in partnership with the Nomos team, interested users can now test-drive XION's Chain Abstraction on the testnet here.
During the test phase of Xion, the company demonstrated significant usage and adoption with the creation of more than 1.3 million Meta Accounts, the processing of over 15 million transactions, and an ecosystem of over 150 projects.
Recently, in April 2024, Xion announced that the company has raised $25M in funding backed by Animoca Brands, Laser Digital (Nomura), Multicoin, Arrington Capital, Draper Dragon, Sfermion, GoldenTree, and more. With the help of the funding, XION planned to expand its development and global ecosystem.
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