Hamster

Tucker Carlson

Biconomy

Web3 infrastructure startup Biconomy has launched a solution that supports the safe delegation of on-chain operations to artificial intelligence agents.&nbsp; 
According to the firm’s co-founder, Aniket Jindal, Biconomy’s Delegated Authorization Network (DAN) will address the absence of autonomy for artificial intelligence (AI) agents in crypto.&nbsp;The blockchain builder also touted DAN as a mitigating tool against security concerns stemming from AI’s potential complete control over wallet keys.&nbsp; 
As crypto intersects with artificial intelligence, users have espoused doubts about these models’ ability to withstand compromises or to execute complicated tasks connected to on-chain activity.&nbsp; 
Jindal said its <a href="https://x.com/biconomy/status/1800477147796001162" target="_blank" rel="">collaboration</a> with Silence Labs for DAN solves this by enabling AI agents to optimize and authorize blockchain transactions without jeopardizing self-custody practices. Biconomy’s delegated protocol grants AI agents access to keys stored on <a href="https://crypto.news/?s=eigenlayer" rel="">EigenLayer</a>’s Actively Validated Services (AVS). 
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The so-called “Delegated Auth” keys allow AI-powered parameters to “securely navigate complex on-chain tasks” and unlock new use cases in the crypto space, per Jindal in a statement on June 11.&nbsp; 
Biconomy’s DAN stack promises to support what some experts have described as a key feature for mass adoption – delivering automated processes for handling transactions and other blockchain-related efforts. 
The idea complements account abstraction, a development <a href="https://crypto.news/ethereum-account-abstraction-crypto-mass-adoption/" target="_blank" rel="">trend</a> sweeping through on-chain communities, especially on Ethereum (<a href="https://crypto.news/price/ethereum/" rel="">ETH</a>). Biconomy is also building on this innovation, boasting over three billion in volume, five million onboarded users, and 1.2 million smart accounts, per details from the firm’s website. 
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 Introducing Biconomy DAN! Delegated Authorisation Network 🤖Securely Delegate to AI agents to authorise transactions on behalf of users 🧑‍⚖️Only within user-defined scoped permissions 🔐Leveraging the economic security of <a href="https://twitter.com/eigenlayer?ref_src=twsrc%5Etfw" target="_blank" rel="">@eigenlayer</a> Built with <a href="https://twitter.com/silencelabs_sl?ref_src=twsrc%5Etfw" target="_blank" rel="">@silencelabs_sl</a> 🧡 <a href="https://t.co/bUitA8RQAO" target="_blank" rel="">pic.twitter.com/bUitA8RQAO</a>— Biconomy (@biconomy) <a href="https://twitter.com/biconomy/status/1800477147796001162?ref_src=twsrc%5Etfw" target="_blank" rel="">June 11, 2024</a>
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Biconomy ship DAN stack for AI on-chain delegation

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