Biconomy (BICO) altcoin, a major Account Abstraction provider in the web3 industry, has obtained strategic funding from prominent web3 venture capitalists, as revealed in an announcement.

Participating in the funding round were Jump Capital, Borderless Capital, Consensys Ventures, Taisu Ventures, Manifold Trading, Side Door Ventures, and Blockchain Founders Fund.

Additionally, key angel investors included Balaji Srinivasan and Jordi Alexander. Aniket Jindal, co-founder of Biconomy, expressed confidence in the vision to empower web3 developers and appreciated the support from investors.

The altcoin describes itself as decentralized, providing plug-and-play APIs to facilitate transactions between blockchain networks, aiming to simplify dapp development.

(This is not investment advice.)