Biconomy, a well-known Web3 infrastructure platform based in Dubai, has recently unveiled an innovative project. Known as the Delegated Authorization Network (DAN), this project allows for secure delegation of on-chain operations to artificial intelligence agents. DAN enables AI agents to authorize and optimize transfers on behalf of users.
With the introduction of DAN, Biconomy aims to address the challenges faced in the Web3 space by integrating AI while ensuring self-custody. One of the key challenges in the Web3 sector is the lack of true autonomy for AI agents and concerns related to granting them full control over keys.
DAN offers programmable authorization by utilizing user-defined permissions and EigenLayer AVS for robust security. This ensures safe delegation of tasks on the chain to AI agents. Aniket Jindal, co-founder of Biconomy, emphasized the significance of this project in advancing Web3 technology.
He stated that Biconomy DAN aligns with the industry’s focus on enhancing accessibility and decentralization. The project aims to streamline blockchain experiences, drive widespread adoption, and foster innovation. By enabling AI agents to navigate complex on-chain activities safely, DAN opens up a world of opportunities for AI-driven use cases in the crypto realm.
DAN provides authorized projects access to consumers’ ‘Delegated Auth’ keys stored on EigenLayer Actively Validated Service, ensuring independence without compromising security. Biconomy has partnered with Silence Labs to launch and further develop DAN, allowing projects to integrate AI agents and program user-defined permissions using the DAN SDK.
By leveraging DAN, projects can enhance on-chain experiences with AI-driven agents while maintaining control over transfers and assets. This partnership signifies a significant step forward in the convergence of AI and Web3 technologies.