Ethereum L2 Blockchain, Web3 Networks: Biconomy Brings Account Abstraction for Builders on Mantle

Mantle, the “high-performance,” modular Ethereum Layer-2 network, announced the first of many ecosystem partners ahead of its impending mainnet launch in Q2 2023.

Biconomy, a web3 developer and transaction infrastructure platform, is “the latest project to join the Mantle ecosystem and will be the first application of account abstraction (AA) deployed on Mantle.” The partnership “was officially announced at the Biconomy Hakkā House on the first day of ETHGlobal Tokyo.”

Account abstraction “streamlines the transaction execution experience, reducing a typical multi-step process to a single signature that enables gasless transactions, batching and custom access controls.”

This effectively “removes complications in the overall web3 user experience (UX) approach, and renders it to be on par with traditional internet services of web2, without sacrificing self-custody or decentralization.”

With Biconomy joining the Mantle ecosystem, dApp developers “will be able to deliver effortless web3 experiences to their end users, while benefiting from enhanced security from Ethereum via Mantle’s decentralized data availability layer that also enables exponentially lower fees.”

Ahmed Al-Balaghi, CEO & Co-Founder of Biconomy said:

“Seamless onboarding and effortless UX are the key growth drivers to the mass adoption of web3. Robust and highly-efficient infrastructure is undeniably vital to encourage creativity in applications and use cases, and our cumulative capabilities will supercharge builders with effective developer resources and innovative toolkits to support the next generation of web3 innovators.”

Transformational in its ability to remove existing friction in incumbent digital asset management processes, dApp developers on Mantle “can now leverage Biconomy’s SDK with plug-and-play modules to unlock the full power of account abstraction for their users.”

Benefits reportedly “include easy onboarding for new users, simplified transactions and a chain-agnostic approach to scale user adoption and retention for any web3 use-case.”

Arjun Kalsy, Head of Ecosystem at Mantle said:

“Our collaboration with Biconomy is a significant milestone in our mission to synergistically maximize the potential of modular architecture in hyperscaling Layer-2 network design and highly customizable software development kits. Together with the Biconomy team, we’re building the infrastructural building blocks to realize our shared vision for a decentralized, open-source, and interoperable blockchain ecosystem.”

Aligned with Mantle’s pioneering vision for a more collaborative, decentralized economy to showcase the potential of tokenized governance, Biconomy’s provision of a reliable and comprehensive developer toolkit for web3 UX “will empower dApp developers to build on Mantle with confidence.”

Implementing an actionable solution to populate front-end apps with simplified ease-of-use will ultimately “power the next stage of growth and innovation across the web3 ecosystem at large.”

Utilizing an orthogonal, partnership-driven approach to ecosystem building, Mantle envisions a shared decentralized future that “achieves capital efficiency through collaborative technology and ecosystem development.”###

As noted in the update, Mantle is described as “a high-performance Ethereum Virtual Machine (EVM) modular L2 network built by BitDAO and governed by the $BIT community.”

Mantle’s modular rollup architecture “separates transaction execution, data availability, and transaction finality.”

As the first L2 network partner for restaking protocol EigenLayer, Mantle directly “inherits security from Ethereum while offering high performance at low fees.”

As the world’s first DAO-led L2 network, Mantle claims it is “pioneering a vision for a more collaborative decentralized economy to showcase the potential of tokenized governance. To support the next-generation of innovators, builders, and developers,”

Mantle is “growing its ecosystem via its EcoFund, which helps to manage a catalyzed capital pool of $200M.”

Mantle also “offers a Grants Program that provides milestone-based funding to promising projects that help expand, secure, and decentralize the Mantle Network.”

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