Biconomy, a leading Web3 infrastructure firm, has taken a significant step forward in enhancing on-chain transactions. By integrating AI agents through the Delegated Authorization Network (DAN), users can now delegate trading activities to AI agents, enabling autonomous transactions.

How DAN Works

DAN allows users to delegate authority to AI agents, which can manage trading accounts and perform transactions based on predefined instructions. These AI agents can receive inputs from users regarding fund allocation and trading strategies, enabling autonomous or semi-autonomous decision-making. This technology surpasses traditional AI-powered trading bots, offering sophisticated asset allocation and portfolio optimization management.

Secure and Private Transactions

Biconomy's DAN ensures secure and private transactions using a sharding mechanism for key management. Authorization keys are divided into multiple pieces, distributed across a decentralized node network, preventing any single node from compromising the key. EigenLayer, based on Ethereum's economic security, maintains the integrity and performance of each node, ensuring AI participation in on-chain transactions without compromising self-custody principles.

Growth and Potential

The global market for autonomous AI and agents is projected to reach $70.53 billion by 2030, growing at an annual rate of 42.8%. Financial institutions are increasingly adopting AI agents to automate trading, manage risk, and detect fraud. Biconomy's integration of AI agents into on-chain transactions represents a significant leap in automating and enhancing financial activities within the Web3 ecosystem. DAN exemplifies the broader potential of AI in transforming financial operations, providing a secure, autonomous, and user-friendly authorization layer.

Conclusion

Biconomy's innovative approach to autonomous transactions using AI agents is poised to revolutionize the Web3 landscape. With DAN, users can enjoy secure, private, and autonomous transactions, paving the way for widespread adoption in the financial sector. As AI technology continues to advance, we can expect to see significant growth and transformation in financial operations, with Biconomy at the forefront of this revolution.