Biconomy Raises Large Funds to Make Blockchain Transactions Easier

Bittime - Biconomy, the largest Account Abstraction provider on Web3, has just received a strategic funding injection from a well-known investor. The company, which has integrated with 20 blockchains and 400+ dApps, is further strengthening its position to encourage mass adoption of blockchain technology.

Investors involved in this funding include Jump Capital, Borderless Capital, Consensys Ventures, Taisu Ventures, Manifold Trading, Side Door Ventures, and Blockchain Founders Fund. 

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Apart from that, big names like Balaji Srinivasan (American entrepreneur and investor) and Jordi Alexander (founder of Selini Capital) also participated.

Biconomy alone has helped onboard more than 5 million users, created more than 6.1 million UserOps, and holds nearly 50% share of the Account Abstraction transaction market. Their technology has also supported the creation of more than 1.5 million Smart Accounts.

Also read: What is Biconomy (BICO): Solution to Make Web3 Access Easier

"This important funding round is a testament to the power and promise of our vision to empower Web3 developers to unlock mass adoption of blockchain technology," said Aniket Jindal, Co-founder of Biconomy. 

"We remain committed to providing leading infrastructure for the Web3 team, and we are grateful for the trust and support of our investors," he continued.

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Biconomy's Latest Collaboration

• JP Morgan (November 2023): Onyx by JP Morgan builds a "gas-abstraction" solution with Biconomy's dynamic Paymaster service. This ensures all transaction gas fees are met.
• Anichess Game (January 2024): A subsidiary of Animoca Brands developed with world chess champion Magnus Carlsen. The game uses Smart Accounts from Biconomy and generated almost 300,000 gasless (on-chain) actions in the first 7 days of launch.
• Trust Wallet (February 2024): Web3's largest mobile self-custody wallet launches SWIFT, a smart contract wallet powered by Account Abstraction and Biconomy's Paymaster & Bundler infrastructure.
• Mercedes-Benz (March 2024): Mercedes-Benz's innovation platform, Acentrik, leverages Biconomy's ERC-4337 on-chain and off-chain infrastructure to build a secure, low-impact, white-label data marketplace solution.
• Leading Layer 2 Networks (2024): Biconomy's Account Abstraction SDK has been integrated with leading Layer 2 networks such as Scroll, ZetaChain, and Blast.

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Tentang Biconomy

Biconomy is a developer platform that sets the UX standard for seamless blockchain transactions. Biconomy empowers the world's best dApp developers to deliver Web2-like experiences with ease. 

Also read: Hong Kong Web3 Festival 2024: The Biggest Web3 Event in Asia

As a pioneer of Account Abstraction (ERC-4337), Biconomy has captured more than 4 million unique users across 400+ dApps and partners with companies such as JP Morgan, Trust Wallet, dYdX, and Acentrik by Mercedes-Benz.

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You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Learn Complete Guide How to Buy Crypto on Bittime. 

Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.

Also read:

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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.