Web3 infrastructure startup Biconomy has introduced a solution to safely delegate on-chain operations to artificial intelligence agents. According to Aniket Jindal, the co-founder of Biconomy, the Delegated Authorization Network (DAN) will address the lack of autonomy for AI agents in the cryptocurrency space. This network also aims to mitigate security concerns related to AI having complete control over wallet keys.

As the intersection of crypto and AI grows, users have expressed concerns about these models’ ability to handle complex on-chain tasks and withstand potential compromises. Biconomy’s collaboration with Silence Labs for DAN addresses these issues by enabling AI agents to optimize and authorize blockchain transactions without compromising self-custody practices. The delegated protocol grants AI agents access to keys stored on EigenLayer’s Actively Validated Services (AVS).

Biconomy’s Delegated Authorization Network allows AI-powered parameters to securely navigate complex on-chain tasks and unlock new use cases in the crypto space. Jindal highlighted this feature in a statement on June 11.

The DAN stack aims to support automated processes for handling transactions and other blockchain-related efforts, which some experts consider crucial for mass adoption. This aligns with the trend of account abstraction, particularly prevalent in the Ethereum community. Biconomy has already made significant strides in this area, boasting over three billion in volume, five million onboarded users, and 1.2 million smart accounts.

“Securely delegate to AI agents to authorize transactions on behalf of users within user-defined scoped permissions,”

By leveraging the economic security of EigenLayer and collaborating with Silence Labs, Biconomy aims to provide a robust solution for the crypto community.

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