1/n Excited to announce @coinfund_io's investment in @biconomy as part of their $9MM raise! The Biconomy team, led by @AraBalaghi, is one of the most long-term focused, execution oriented, and overall talented teams in crypto and we are thrilled to be supporting their growth!
https://twitter.com/biconomy/status/1420386850183680001
2/n @biconomy has built crucial middleware for the blockchain stack to eliminate many of the frictions users face when transacting today. Current crypto applications and use cases are largely geared towards early adopters with technology backgrounds.
3/n Many elements of the crypto user experience are complicated and/or expensive. In order to bring on the next wave of mainstream retail users to interact directly with decentralized applications, solutions are needed to fill these UX gaps.
4/n Biconomy's products focus on providing solutions that applications can natively integrate that allow them to obfuscate elements of the transaction flow and/or cover the costs of transacting on behalf of users to improve UX and provide a curated experience.
5/n This includes: Gasless, which allows dapps to pay gas-fees on behalf of end users, resulting in superior UX and smoother onboarding.
6/n Forward, which is a plug-n-play solution to offer flexible options to users for paying gas on base layers & layer 2s, such as paying it with stablecoins or ERC20 tokens.
7/n And Hyphen, which provides simple APIs to easily offer instantaneous value transfers between EVM chains, various L2s, and allows for quick onboarding from base layers to L2s.
8/n By filling this technology gap, Biconomy has shown incredible product market fit and is a key provider to a number of top DeFi, NFT, and gaming applications including @CurveFinance, @perpprotocol, @0xMultisafe, @decentraland, and @zed_run.
9/n Biconomy also believes in a multi-chain world and supports applications on @ethereum, @0xPolygon, @MoonbeamNetwork, @xdaichain, @BinanceChain, and @avalancheavax.
10/n In Q2 2021, monthly mainnet transactions increased by 14x and @biconomy processed 3.7M transactions, 54MM API calls, and $443MM of total volume.
11/n This growth is just the beginning. @coinfund_io is excited to support @biconomy as they build the crucial middleware protocol to help dapps meet the UX requirements for blockchain applications to take the next major step forward to 1B+ users!
12/12 Congrats to @AraBalaghi and the @biconomy team and looking forward to the journey ahead!
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