Biconomy operates in the Web3 infrastructure space, providing a toolkit designed to enhance the development of decentralized applications (dApps). The company serves developers and businesses looking to build on blockchain technology, particularly those focused on decentralized finance (DeFi), gaming, social infrastructure, and enterprise solutions. Biconomy's core product is its software development kit (SDK), which simplifies the creation of user-friendly dApps by offering features like gasless transactions and multi-chain validation. This allows developers to create applications where users do not need native tokens to pay for transaction fees, thereby reducing friction and enhancing user experience. The business model revolves around offering these tools and services to developers, who can integrate them into their own applications, often on a subscription or usage-based pricing model. Biconomy generates revenue by charging for access to its SDK and additional services like its Paymaster service, which sponsors transaction fees for users. The company operates globally, targeting a market that includes both small developers and large enterprises looking to leverage blockchain technology.

Keywords: Web3, dApps, gasless transactions, multi-chain validation, SDK, DeFi, blockchain, Paymaster, decentralized applications, developer tools.