# Burnt

> Burnt is a New York-based Web3 company and the core team behind XION, a Layer 1 blockchain built to make crypto invisible to everyday users. Founded by Anthony Anzalone - better known as the artist-provocateur 'Burnt Banksy' - the company uses 'generalized abstraction' to remove wallets, private keys and gas fees so that people can sign in with an email or a face scan and pay in USDC. Burnt has raised more than $36M from investors including Animoca Brands, Circle Ventures and Multicoin, and pitches XION as consumer-grade infrastructure for brands like Uber, BMW and others. In 2026 the XION network rebranded to Verona.

- **Founded:** 2021
- **Headquarters:** New York, United States
- **Founders:** Anthony Anzalone (Founder & CEO (aka Burnt Banksy))
- **Team size:** 23 employees
- **Products:** XION (now Verona), Meta Accounts, USDC-native payments, Dave - Mobile Development Kit, Developer toolchain
- **Notable:** Raised $36M+ total including a $25M Series A (2024)., Launched XION mainnet in late 2024 after a December 2023 testnet., Reported 100+ brand integrations and millions of registered Meta Accounts.

## Products & services

- **XION (now Verona)** — A Layer 1 blockchain built around 'generalized abstraction,' embedding account, signature and fee abstraction directly into the protocol so users interact via familiar Web2 methods.
- **Meta Accounts** — Smart-contract accounts that let people sign up and log in with email or biometrics instead of private keys, letting brands onboard customers to on-chain apps for free.
- **USDC-native payments** — Stablecoin (USDC) used as the primary transaction currency and gas, so users never need to hold a volatile native token to transact.
- **Dave - Mobile Development Kit** — Native iOS and Android libraries with OAuth-like flows that let mobile developers add blockchain features without touching wallets or smart-contract complexity.
- **Developer toolchain** — Burnt's smart-contract and Web3 developer tooling for building consumer applications on the network.

## Achievements

- Raised $36M+ total including a $25M Series A (2024).
- Launched XION mainnet in late 2024 after a December 2023 testnet.
- Reported 100+ brand integrations and millions of registered Meta Accounts.
- Shipped 'Dave' mobile dev kit (2025) targeting ~18M mobile developers.
- Founder's 'Burnt Banksy' NFT stunt earned global press (BBC, The Guardian, The New Yorker).
- Backed by Circle, Animoca Brands and Multicoin; among first chains to use USDC as native currency.

## Latest updates

- **2026** — The XION network rebranded to Verona (verona.dev / VERONA token).
- **2025-06** — Launched 'Dave,' a mobile development kit opening XION to ~18M mobile app developers.
- **2024** — XION mainnet went live, with brand integrations and Meta Accounts rolling out.
- **2024-04** — Closed $25M Series A led by Multicoin, Animoca and Arrington to 'make crypto disappear.'

## Links

- Website: https://burnt.com
- LinkedIn: https://www.linkedin.com/company/burntio
- Twitter/X: https://twitter.com/burnt_xion
- GitHub: https://github.com/burnt-labs

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Profile page: https://yespress.io/burnt
Published by YesPress — https://yespress.io
Last updated: 2026-07-22