Dubai, UAE, March 28th, 2024

Biconomy, known for its Account Abstraction infrastructure integrated with numerous chains and dApps, announces a significant milestone in its efforts to simplify developers' user experience. Major VCs like Jump Capital, Borderless Capital, Consensys Ventures, and others have provided strategic funding to bolster Biconomy's growth.

Notable figures like Balaji Srinivasan and Jordi Alexander are among the angel investors supporting Biconomy's vision. The company's Account Abstraction-SDK has facilitated over 5 million user onboarding processes and powered more than 1.5 million Smart Accounts.

Aniket Jindal, Biconomy's Co-founder, expressed gratitude for the confidence and backing from investors, highlighting the company's dedication to providing top-notch infrastructure for web3 teams.

Recent Partnerships

• J.P. Morgan — Nov '23: Onyx by J.P. Morgan collaborated with Biconomy to create a gas-abstraction solution for covering transaction gas fees.

• Anichess Game — Jan '24: Anichess, developed in partnership with Animoca Brands, utilized Biconomy's technology to enable numerous gasless actions in its initial launch week.

• Trust Wallet — Feb '24: Trust Wallet introduced SWIFT, a smart contract wallet powered by Biconomy's Account Abstraction, catering to 80 million users.

• Mercedes-Benz — Mar '24: Acentrik by Mercedes-Benz leveraged Biconomy's ERC-4337 infrastructure to build secure and user-friendly data marketplaces.

2024 has witnessed Biconomy's Account Abstraction SDK integration with prominent Layer 2 solutions like Scroll, ZetaChain, and Blast, signaling continued growth and partnerships.

About Biconomy

Biconomy is a developer platform shaping standards for seamless blockchain transactions to enhance user experiences. The company has facilitated millions of user interactions across various dApps and partnered with industry leaders to drive innovation and adoption of blockchain technology.