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Web3 Quest
2025-04-21
Burnt Banksy, Founder of Xion: This Founder Raised $36M to Kill Crypto Wallets
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About the episode

In this episode, Diksha Dutta sits down with Burnt Banksy, the man who literally burned a Banksy to mint it as an NFT — sparking a pivotal moment in NFT history. They explore how this bold act led to the creation of Burnt, and eventually, the Layer 1 blockchain Xion, aimed at making crypto disappear for the end user.From the evolution of NFTs and the problems with crypto wallets to the rise of meme coins and the future of consumer apps in Web3 — this conversation is a candid, high-energy dive into the past, present, and future of crypto infrastructure.🧠 Topics Covered:- The story behind the name Burnt Banksy- Why they set fire to a $100k Banksy artwork — and sold the NFT for $400k- The media frenzy that followed and how it catalyzed NFT culture- Challenges with wallets, onboarding, and UX in crypto- The origin of Zion: Making crypto invisible and accessible- Transitioning from building apps to building infrastructure- Xion’s focus on consumer apps over DeFi- Creating real-world impact: Xion Houses in Argentina, Nigeria, and Lisbon- Developer acquisition: Why Web2 devs matter more than crypto-native ones- Collaborating with brands like Uber, Amazon Prime, and BMW- Honest takes on meme coins, NFTs, and what’s holding crypto back

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