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Biconomy is a multichain relayer infrastructure network designed to simplify the web3 experience and support decentralized applications. The native BICO token serves to decentralize their stack and secure the broader network ecosystem.
The project successfully announced its Private Round, raising a total of $9,000,000 to further decentralize its relayer infrastructure. The funding round was co-led by Mechanism Capital and Digital Asset Capital Management, alongside major participation from tier-1 funds like Coinbase Ventures, Bain Capital Ventures, and several prominent angel investors.