Biconomy introduces AI agents for on-chain transactions

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Biconomy’s Delegated Authorization Network (DAN) will serve as an authorization layer for autonomous on-chain transactions.

Web3 infrastructure firm Biconomy is onboarding artificial intelligence (AI) agents to enable on-chain transactions on behalf of users. 

The Delegated Authorization Network (DAN) is “relatively new” and serves as an authorization layer that allows the delegation of trading activities to AI agents, Biconomy co-founder Aniket Jindal explained to Cointelegraph.

Authority delegation means agents can autonomously manage trading accounts, executing transactions under previous instructions. After permissions are defined with a decentralized application (DApp), it can receive personalized input from users regarding allocations and trading strategy.

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