Introducing Smart Sessions!

Smart Delegation with programmable on-chain permissions

Co-developed with @rhinestonewtf

Moves web3 UX closer to simpler web2 UX by

👉Abstracting multiple steps
👉Automating actions

WITHOUT sacrificing self-custody or decentralisation! Smart Sessions opens up experiences & use cases previously only possible with centralized third parties

👉Abstracting wallet pop-ups & transactions
👉Delegating to AI
👉Chain Abstraction
👉Subscriptions & automated payments
👉DeFi automations
👉Interopable with intent protocols

Account Abstraction + Intents are the future of web3 UI!

Let's break it down with some top insightful threads & tweets on this👇 1/ The original way with EOAs + signing transactions is far too complicated & is being actively replaced.

End users signing transactions on chain will ngmi.

https://twitter.com/zmanian/status/1662473762510454784?s=20

Why Account Abstraction (#erc4337) is changing the game👇🏼🧵 Quick analogy:

ERC-4337 going live on mainnet is like paving over a remote jungle trail with 20-lane super highway!

This kicks open the barriers to web3 mass adoption.

Here's why👇🏼

As revealed in our roadmap, we are working on the Biconomy Relayer Network (BRN) - a decentralised multi-chain relayer network with $BICO at the heart of it!

The SDK brings adoption. BRN captures value.

Our 2nd forum post is live! So let’s discuss 👇 forum.biconomy.io/t/brn-transact… 2/ One of the key questions for any decentralised network is allocation of work. Who is supposed to ‘work’ on a particular request?

For our relayer, this ‘work’ is relaying & executing transactions. These are submitted by dApps via the SDK or other Biconomy tech.

Welcome to the evolution of #NFT toolkits with Mint by @0xCopeStudio 2/ Open-source NFT Toolkit

Mint is an open-source NFT toolkit powered by industry leaders including:

@dehidden_
@Galaxisxyz
@thirdweb

And Biconomy with the shared mission of onboarding millions onto #Web3 by empowering builders to develop & deploy next-gen NFT experiences.

Missed our Community Call yesterday?

We got you.

Save this thread of exciting updates for 2023!

In-coming: #BiconomySDK upgrades and the Biconomy Relayer Network (BRN)🎉 In 2022, we saw real growth in a tough crypto winter 🏔️

More than 15M mainnet transactions (latest figures), 1.75M unique users, and almost 380 active dApps.

1/

📢𝐓𝐡𝐞 𝐰𝐚𝐢𝐭 𝐢𝐬 𝐨𝐯𝐞𝐫! 𝐁𝐢𝐜𝐨𝐧𝐨𝐦𝐲 𝐒𝐃𝐊 𝐢𝐬 𝐧𝐨𝐰 𝐋𝐈𝐕𝐄🚀

Web3 UX will never be the same again!

𝐒𝐨𝐮𝐧𝐝 𝐎𝐧 📣👇

#BiconomySDK #BuildwithBiconomy #BiconomyDevelopers #BiconomyToolkit #Web3withBiconomy 2/

The Biconony SDK is a game-changer for #web3 UX!

By leveraging Account Abstraction, it enables devs to abstract all on-chain complexities! Go from a complex multi-step process into a simple one-click experience.👇

medium.com/biconomy/intro…

Currently, the underlying Web 3 infrastructure or stack is limited to being defined in "layers" (L1 / L2), but…

The future stack of #Web3 is not limited to 2 or more layers.

Instead, it's an agnostic stack of many different lego blocks, including the - Transaction Lego🧵👇 2/

Let's preface by understanding that a "transaction" in Web 3 means -- the process of exchanging #cryptocurrencies on a blockchain.

So keeping that in mind, here's how we can define "Transaction Lego"👇

📙𝐖𝐞𝐞𝐤 𝟕 𝐨𝐟 𝐁𝐢𝐜𝐨𝐧𝐨𝐦𝐲 𝐅𝐀𝐐𝐬!

How can I become a Hyphen LP?

Here's a step-by-step guide 👇 2/

Step 1:

Navigate to the Hyphen interface and connect your wallet

Visit: hyphen-v2.biconomy.io/pools

👋Hey Biconauts,

𝐅𝐨𝐨𝐝 𝐟𝐨𝐫 𝐭𝐡𝐨𝐮𝐠𝐡𝐭🌭💭

The potential of #Web3 is exciting, but its UX remains half-cooked.

See how it could be better👇 2/

At @biconomy, we believe growth in #Web3 was stunned because of the absence of a tech stack that could connect niche apps to the bigger picture (all connected ecosystems)

Better UX needs to be caught up, and Web3 economics cannot live without healthy infrastructure growth.

👋Hey Biconauts,

Dependable communication between different chains is essential, meaning its necessary to be able to read and write data across blockchains efficiently.

That can be done using a Cross Chain Messaging Protocol, which we are covering in today’s glossary term.🧵👇 2/

What cross-chain messaging does is assure participants on the target chain that the information comes from the source blockchain & that it is dependable.

The nodes on the initial blockchain must convince the nodes on the destination chain that the message can be trusted.

🧡#𝐁𝐢𝐜𝐨𝐬𝐲𝐬𝐭𝐞𝐦 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭

Featuring @biconomy's long-time partner & NFT/Play-to-earn/Metaverse sensation- ✨ @zed_run ✨

🧵👇 2/

What is ZED RUN?

ZED RUN is a futuristic 🐎 horse-racing platform with each NFT representing a digital racehorse.

You can build a horse-racing empire in the #Metaverse filled with top pedigrees and the finest racers!

Collect, breed, and make strategy your game!

Building in #Web3 is a beast, and developers face critical decisions every day.

One of the most important questions this year?

Where should we build, and how?

Should our approach be chainless or multichain?

Think it through with us 🪡👇🏼 2/8

How do we go beyond monolithic blockchains for better speed, security, and interoperable txns?

Multiple chains and layer 2s have come up to scale #Web3, but there's a lot of friction between these chains.

The result? Lower network effects 👎🏼

That old debate between going Multichain and Cross-chain.

𝗪𝗵𝗶𝗰𝗵 𝗶𝘀 𝗯𝗲𝘁𝘁𝗲𝗿 𝗳𝗼𝗿 #𝗪𝗲𝗯𝟯?

In reality, it's about dApps leveraging the synergy between both approaches to scale.

🧵👇 2/

The focus will be less on “𝐰𝐡𝐢𝐜𝐡 𝐭𝐞𝐜𝐡 𝐬𝐭𝐚𝐜𝐤 𝐢𝐬 𝐛𝐞𝐭𝐭𝐞𝐫?”, and more on eliminating market inefficiencies and increasing overall composability in #web3.

📙 𝐖𝐞𝐞𝐤 #𝟒 𝐨𝐟 𝐁𝐢𝐜𝐨𝐧𝐨𝐦𝐲 𝐅𝐀𝐐𝐬

What makes Hyphen more secure than other EVM bridges?

Hyphen was designed with security baked into its design. Here are the top 3 reasons that make Hyphen more secure🧵👇 2/

✅Multiple smart contract audits:

Hyphen pool contracts have been audited twice.

✔️Audit by @HalbornSecurity👇
…my-assets.ams3.digitaloceanspaces.com/Hyphen_Smart_C…

✔️Audit by @code4rena👇
code4rena.com/reports/2022-0…

To incentivise & simplify onboarding, @dYdX offer gasless deposits powered by Biconomy.

Read on to know how this helped them add 23,000 new users & save them $738K in gas fees!👇

https://twitter.com/dYdX/status/1463555732205449216?s=20&t=7HMXVZ2sEqWSeikrp5wHfA

/2 The dApp…

@dYdX is a fully decentralized trading perpetual exchange. Backed by some of the world's largest VCs such as a16z Crypto

What is the most exciting thing about #Web3 to you?

Decentralization? Open access? Ownership?

For us, at @biconomy the most interesting lego of Web3 is --✨𝐂𝐫𝐨𝐬𝐬-𝐜𝐡𝐚𝐢𝐧 𝐂𝐨𝐦𝐩𝐨𝐬𝐚𝐛𝐢𝐥𝐢𝐭𝐲✨

Why does it excite us so?

A🧵👇 2/

Composability accelerates digital innovation in Web3 much more rapidly than Web2 could ever achieve:

Unlike Web2, developers don't have to wait for a code to be unveiled after reaching maturity.

📰BICO Weekly Degen Digest is reporting LIVE on a deranged week!

If you thought all those events with 3AC and Terra were crazy, this week just proved that the ceiling is still too high.

𝐂𝐫𝐲𝐩𝐭𝐨 𝐌𝐚𝐫𝐤𝐞𝐭:🧵👇 2/

#Crypto assets are pushed even harder this week as the market continues its recovery.

$ETH continues to grow stronger. The merge drew in even closer with the Goreli testnet's success last Wednesday.

👋Hello Biconauts,

This week’s glossary covers EIP-4337, a proposal meant to handle a top preoccupation of the #Ethereum community: 𝐀𝐜𝐜𝐨𝐮𝐧𝐭 𝐀𝐛𝐬𝐭𝐫𝐚𝐜𝐭𝐢𝐨𝐧.

We’ll go over why the proposal was necessary and what solution it offers.🧵👇 2/

First, a quick note: #accountabstraction allows a contract to become the top-level account that handles fees and starts the execution of the transaction.

Bull or bear, the Biconomy juggernaut has been growing leaps & bounds every month!

July was no different! So let's look at our July metrics!👇 Gasless ⛽️

Gasless saw continued growth thanks to a number of new integrations with even higher gas savings for dApps!

Total Transactions: 1,172,799 (+32% MoM)

Gas savings $$ for dApps: $19,434.71 (+5% MoM)

Unique users: 209,196 (+18% MoM)

What’s a Relayer Network?

1/9

Make a guess... Who are the unsung heroes of #Web3?

Not your micro-cap gaming tokens or💩coins for sure.

We'd like to think that Relayer Networks are the invisible MVPs of Web3 💪🏼

What are Relayer Networks exactly?

Let's dig in!

A 🧵👇🏼 2/9

A Relayer takes individual orders and organizes them into an order book.

It's similar to what exchange does.

Except, a Relayer is NOT an exchange.

A Relayer helps users create, sign, or find orders to fill without holding any tokens.

Yes😯, just WOW.