Biconomy, a provider of blockchain development tools, announced on July 28 that it has completed a $9 million funding round led by Mechanism Capital. Coinbase Ventures, Huobi Innovation Lab, CoinFund and other investors. Biconomy's CEO Ahmed Al-Balaghi said Biconomy will use the funding to continue its development and launch its own native token, BICO, which is both a mortgage and governance token, and plans a public offering in the fourth quarter of this year.
Biconomy is a provider of blockchain development tools designed to increase the user-friendliness of dapps by removing user "pain points", thereby increasing user retention and helping new users enter the decentralized Finance (DeFi) ecosystem. [原文链接]