XION founder Burnt Banksy discusses burning Banksy’s ‘Moron’ and why it was “dumb,” creating the first walletless Layer 1 blockchain, the importance of chain abstraction, why it is “lame” for L1s to compete with each other, more L4s/8s/12s coming, and how close we are to mass adoption. The post Burnt Banksy, CEO of XION, on Being ‘Stupid’ for Burning a Banksy Painting and Industry Being ‘Extremely Close’ to Mass Adoption Via Chain Abstraction | Ep. 353 appeared first on Cryptonews .