Biconomy, a renowned Web3 infrastructure platform based in Dubai, has recently unveiled an innovative project. The company has introduced 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’s DAN Solves Web3 Challenges with AI Integration
This new project aims to bridge the gap between Web3 and AI adoption while ensuring self-custody. It addresses key challenges in 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 through user-defined permissions and EigenLayer AVS for robust security. This ensures safe delegation of tasks on the chain to AI. Aniket Jindal, co-founder of Biconomy, expressed his enthusiasm for this development, highlighting it as a significant step forward in the evolution of Web3.
Jindal noted that Biconomy’s DAN aligns with the industry’s focus on enhanced accessibility and decentralization. The project aims to streamline blockchain experiences, drive widespread adoption, and catalyze a new era of innovation. In this era, AI agents can navigate the complexities of on-chain activities safely, unlocking a multitude of opportunities for transformative AI-driven use cases in the crypto world.
How DAN Works and Partnerships for Development
DAN provides authorized projects with access to consumers’ ‘Delegated Auth’ keys stored on EigenLayer’s 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.
To support the launch and further development of DAN, Biconomy has partnered with Silence Labs. By leveraging DAN, projects can enhance on-chain experiences with AI-driven agents while maintaining control over transfers and assets.
Tags:
AI
Web3