A New Opportunity for Mass Adoption in Web3: The Innovative Path of the XION Public Chain

The Web3 industry has been exploring its immense potential for many years, but progress in user adoption has been slow. Currently, the mainstream world faces two major challenges in adopting Web3: functional barriers and cultural barriers. The emerging Layer 1 public chain XION was born to address these two issues. Let’s dive into XION's vision and how it aims to drive Web3 towards mass adoption.

XION: An L1 network focused on simplifying the complexity of cryptocurrency.

The developer of XION, Burnt, began their journey in the Web3 space with a striking artistic act. In March 2021, they live-streamed the burning of a Banksy artwork and transformed it into an NFT, aiming to transfer the value of physical art to the digital realm while encouraging more artists to explore the possibilities of NFTs.

In the following year, Burnt focused on developing no-code products such as Burnt Finance and early NFT standards for creators. During this process, they witnessed firsthand the dilemma of NFTs and the entire Web3 industry struggling to achieve mass adoption due to complexity.

Based on these experiences, Burnt has decided to build an L1 blockchain called XION based on Cosmos, aimed at simplifying the complexity of crypto technology and overcoming the adoption barriers that arise from it. The goal of XION is to drive the mass adoption of Web3 by providing a frictionless user experience while retaining the core features of Web3—decentralization, transparency, and verifiable ownership.

XION can quickly integrate with other application chains and their related applications through the Inter-Blockchain Communication (IBC) protocol of Cosmos. This ability of "chain interconnection" allows XION to provide users with more features and creates new application scenarios for developers.

Major Obstacles Facing Web3 and XION's Solutions

Functional impairment: complex and unfriendly user experience

For new Web3 users, completing a simple interaction may require executing up to 15 complex steps, resulting in a user drop-off rate of up to 95%. XION addresses this issue in the following ways:

1. Simplified entry process: Users can directly purchase on-chain products using credit/debit cards, without going through the complex process of exchange registration and fund transfers.

2. Gas-free transactions: Eliminated the barrier for users to hold the native tokens of a specific chain to conduct transactions.

3. Abstract Wallet Complexity: Users only need to create an MPC wallet using their email, without the need to download plugins or remember complex mnemonic phrases.

4. Mobile Support: Ensure that users can easily access and use the XION ecosystem on mobile devices.

5. Pricing in USDC: All products built on XION are priced in USDC, allowing new users to understand the prices in a familiar fiat currency.

Cultural Barriers: Unfamiliar Terminology and Ecosystem

XION lowers the cultural barrier of Web3 in the following ways:

1. Simplified Terminology: Committed to using easier-to-understand words to replace complex technical terms.

2. Enhance Credibility: Establish strategic partnerships with well-known companies in the Web2 and Web3 sectors to boost user confidence.

3. Reduce user education requirements: The simplified infrastructure and user interface significantly lower the learning costs for users.

Conclusion

The vision of XION is not just technological advancement, but also laying the foundation for cultural transformation in Web3. By building intuitive and user-friendly interaction experiences, XION is expected to become a key force in driving the widespread adoption of Web3. Its innovations not only address current technological barriers but also provide new development directions for the future Web3 ecosystem.