#353: Burnt Banksy, CEO of XION, on Chain Abstraction, Mass Adoption, and Burning a Banksy Painting

CryptoNews Podcast

Three years ago, Burnt Banksy’s act of burning a physical Banksy ignited global discourse on NFTs and Web3, exposing the industry's flaws. The story was covered by leading publications including Bloomberg, CoinDesk, GQ, CoinTelegraph, BBC, CBS, and is often cited as the catalyst of the NFT revolution. Now, through the XION blockchain, founder Burnt Banksy leads a mission to democratize Web3 to the masses, making ownership accessible to all by removing unnecessary barriers and complications through chain abstraction.
Burnt Banksy can provide valuable insights into a range of topics, especially as they relate to chain abstraction and crypto abstraction in general—making blockchain technology easier to use for a larger audience. Burnt Banksy can also speak to ecosystem interoperability and related topics of making crypto more adoption-friendly.
In this conversation, we discuss:
- The decision behind burning a Banksy painting
- State of the market — why create another L1?
- Solving UX & fragmentation
- Mass adoption - is it just a pipe dream or can crypto fully go mainstream?
- Long tail crypto thesis
- What is chain abstraction?
- EarnOS with Uber, Baskin Robins, Sunglass Hut, The North Face, etc
- Mass adoption = chain abstraction
- Creating a wallet-less L1 chain
- The power of micropayments
XION
Website: xion.burnt.com
X: @burnt_xion
Discord: discord.gg/burnt
Burnt Banksy
X: @BurntBanksy
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