Biconomy Launches DAN Stack for AI OnChain Delegation
Web3 infrastructure startup Biconomy has unveiled a groundbreaking solution that allows for the secure delegation of on-chain tasks to artificial intelligence agents.
Aniket Jindal, the co-founder of Biconomy, highlighted the significance of the Delegated Authorization Network (DAN) in granting autonomy to AI agents within the realm of cryptocurrency. DAN also serves as a safeguard against potential security risks posed by AI agents having complete control over wallet keys.
As the worlds of crypto and artificial intelligence converge, concerns have emerged regarding the ability of these models to withstand breaches and effectively carry out complex on-chain operations.
Jindal emphasized that the collaboration with Silence Labs for DAN resolves these issues by empowering AI agents to streamline and authorize blockchain transactions while upholding self-custody practices. Through Biconomy’s delegated protocol, AI agents can access keys stored on EigenLayer’s Actively Validated Services (AVS).
The introduction of “Delegated Auth” keys enables AI-powered parameters to securely manage intricate on-chain tasks, opening up new possibilities in the crypto sector, as stated by Jindal on June 11.
Biconomy’s DAN stack is poised to revolutionize mass adoption by providing automated solutions for transaction processing and other blockchain-related activities, aligning with the emerging trend of account abstraction, particularly on Ethereum (ETH). With a track record of over three billion in volume, five million users onboarded, and 1.2 million smart accounts, Biconomy continues to build on this wave of innovation, as highlighted on the firm’s website.
For more insights, explore Tucker Carlson’s interview with Nayib Bukele to uncover any discussions surrounding cryptocurrency.
