Biconomy, a well-known Web3 infrastructure platform based in Dubai, has recently unveiled an innovative project. The company is introducing the Delegated Authorization Network (DAN), a groundbreaking solution that allows secure delegation of on-chain operations to artificial intelligence agents. DAN enables AI agents to authorize and optimize transfers on behalf of users.
Biconomy Introduces DAN to Address Web3 Challenges with AI
This new project aims to bridge the gap between Web3 and AI adoption while prioritizing self-custody. It tackles key challenges within the Web3 sector, including the lack of true autonomy for AI agents and concerns about granting full control over keys to artificial intelligence.
DAN offers programmable authorization using user-defined permissions and EigenLayer AVS for robust security. With these features, the project ensures safe delegation of tasks on the blockchain to AI agents. Aniket Jindal, co-founder of Biconomy, emphasized the significance of this development, noting that DAN represents a crucial step forward in the evolution of Web3.
Jindal highlighted how Biconomy DAN aligns with the industry’s focus on enhancing accessibility and decentralization. The project aims to streamline blockchain experiences, drive broader adoption, and catalyze a new era of innovation. In this era, AI agents can navigate complex activities on the blockchain safely, unlocking a multitude of opportunities for transformative AI-driven use cases in the crypto world.
Biconomy Collaborates with Silence Labs to Launch and Enhance DAN
DAN provides authorized projects with access to consumers’ ‘Delegated Auth’ keys stored on EigenLayer Actively Validated Service, ensuring true independence without compromising security. Projects can integrate DAN into AI agents by utilizing key storage and programming user-defined permissions using the DAN SDK. Biconomy has partnered with Silence Labs to launch and further develop DAN, offering benefits such as enhanced on-chain experiences through AI-driven agents and maintaining control over transfers and assets.
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AI
Web3