Biconomy

Biconomy

Toolkit for developing decentralized applications

About Biconomy

Simplify's Rating
Why Biconomy is rated
B
Rated B on Competitive Edge
Rated A on Growth Potential
Rated C on Differentiation

Industries

Crypto & Web3

Company Size

11-50

Company Stage

ICO

Total Funding

$22M

Headquarters

Singapore, Singapore

Founded

2019

Overview

Company Does Not Provide H1B Sponsorship

Biconomy provides tools for developers to create decentralized applications (dApps) on blockchain technology. Its main product is a software development kit (SDK) that simplifies the development process by enabling features like gasless transactions and multi-chain validation. This means users can interact with dApps without needing to hold native tokens for transaction fees, making the experience smoother and more accessible. Biconomy stands out from competitors by focusing on user-friendly solutions that cater to both small developers and large enterprises. The company's goal is to enhance the adoption of blockchain technology by making it easier for developers to build and deploy dApps.

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Simplify's Take

What believers are saying

  • Partnership with Overtime expands blockchain use in sports betting, enhancing transparency.
  • Collaboration with Mercedes-Benz's Acentrik boosts data monetization in blockchain.
  • Acquisition of Klaster supports modular blockchain solutions, offering scalable infrastructure.

What critics are saying

  • Emerging Web3 startups pose a threat to Biconomy's market share.
  • Rapid blockchain advancements could render Biconomy's offerings obsolete without innovation.
  • High-profile partnerships may increase scrutiny and pressure on Biconomy.

What makes Biconomy unique

  • Biconomy offers gasless transactions, enhancing user experience in decentralized applications.
  • Their SDK simplifies multi-chain validation, reducing friction for developers.
  • Biconomy's Paymaster service sponsors transaction fees, attracting developers and users.

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Funding

Total Funding

$22M

Above

Industry Average

Funded Over

3 Rounds

Ico funding comparison data is currently unavailable. We're working to provide this information soon!
Ico Funding Comparison
Coming Soon

Growth & Insights and Company News

Headcount

6 month growth

-4%

1 year growth

0%

2 year growth

-2%
Blockchain Reporter
Apr 3rd, 2025
Biconomy and Overtime Team Up to Launch World's First Frictionless Onchain Sportsbook

Through its association with Overtime, Biconomy enables developers to produce next-gen Web3 applications which will establish user-friendly blockchain solutions throughout the sports betting marketplace.

CoinTrust
Apr 2nd, 2025
dKargo Collaborates with Biconomy to Enhance Layer 3 Mainnet

dKargo has entered into a partnership with Biconomy to strengthen the scalability and user experience features of its Layer 3 mainnet.

SoccerVerse
Jan 15th, 2025
Biconomy Powers Up Soccerverse - Get Ready for a Game-Changing & Seamless Experience!

Soccerverse Ltd is very excited to team up with Biconomy, bringing top-tier blockchain tech to players eager to play the ultimate football simulator game!

HR Today
Jan 3rd, 2025
Christian Slaney Appointed as Head of People & Talent at Biconomy

Ireland, January 2025 - Christian Slaney has been appointed as the Head of People & Talent at Biconomy, a leading web3 infrastructure platform known for its advancements in Account Abstraction and seamless dApp user experiences.

Tech Startups
Nov 26th, 2024
Outlier Ventures Welcomes Seven Teams To Real World Assets Base Camp

London, United Kingdom, November 26th, 2024, ChainwireOutlier Ventures launches the second RWA Base Camp Accelerator program to support early-stage founders. The RWA Base Camp will double down on startups building infrastructure, applications, and products that will fuel the mainstream adoption of tokenized real-world assets (RWA) across industries.The RWA Base Camp, in collaboration with Singularity Finance, will support startups that are building the required infrastructure, applications, and products to fuel the mainstream adoption of tokenized RWA across industries.The 12-week virtual accelerator program will include workshops with subject matter experts from Outlier Ventures and Singularity Finance and mentorship from industry experts.Outlier Ventures is pleased to announce the seven teams participating in the RWA Base Camp accelerator program. Over twelve weeks, the cohort will receive hands-on support from Outlier Ventures’ top-tier experts across various areas, including marketing, advisory, token design, engineering, investment, fundraising, and more, along with guidance and investment from Venture Partner, Singularity Finance.As major banking players make strides into the RWA blockchain space, tokenizing RWAs continues to explore novel methods to bridge the gap between crypto and traditional financial markets. This innovation is set to transform industries as blockchain technology becomes increasingly integrated into society over the next decade. A recent study projects the RWA tokenization market will grow from $118 billion to $10 trillion by 2030. In 2023, we articulated our vision for RWA in our thesis “Tokenization Of RWAs: Beyond The Hype”, followed by a hugely successful first cohort

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