Biconomy is a multichain relayer infrastructure network and transaction platform that enables Web3.0 developers to easily build applications
Biconomy will use the new funding to develop its multi-chain transaction infrastructure for next-generation Web3.0 applications and expand business ventures
In addition to new funding, Biconomy is also gearing up to launch its native token $BICO as part of decentralizing their multi-chain infrastructure
Blockchain transaction platform Biconomy announced today that it has raised $9 Mn in a private funding round led by DACM and Mechanism Capital, with strategic investments from Coinbase, Bain Capital, Coinfund, NFX, True Ventures, Proof Group, Ledgerprime, Primitive Ventures, Genblock, Rarestone Capital, Huobi Innovation Labs, and Capital Partners. The raise also includes angel investments from Aave founder Stani Kulechov, Stephane Gosselin from Flashbots, FalconX cofounder Prabhakar Reddy, and more. The completion of this round of financing in
Multichain Relayer Infrastructure Network Biconomy Secures $9M from DACM, Mechanism Capital, Coinbase Ventures, Others
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Nym gets $6M for its anonymous overlay mixnet to sell privacy as a service – TechCrunch
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Apr 29, 2021
Rose Stokes
Unless you happen to be well versed in all things cryptocurrency and blockchain technology, non-fungible tokens, or NFTs as they are more commonly known, are likely to have entered your realm of consciousness only very recently. Or maybe you are learning about them for the first time.
Either way, in the space of a few short months, NFTs have gone from being niche digital assets, relegated to conversations between crypto natives, to headline-grabbing instruments used by high-profile creatives to earn eye-watering sums for their digital work.
But what exactly are they? What are the benefits and risks of investing? And should we all be buying them?