Crypto Pioneer Backed By a16z, Alchemy Raises Value to $3.5B

Alchemy, the pioneer of crypto infrastructure, raised its value to $3.5 billion with a $250 million Series C round of funding led by Andreessen Horowitz (a16z). Alchemy is the leading platform for blockchain and Web3 developers. Currently, they intend to reinvest in the ecosystem’s expansion. Alchemy has seen exponential growth in the past six months with revenues rising over 15 times. They pin their success to their main goal: “make building on the blockchain and Web3 so easy, anyone can do it.”; which turned out to have bigger demand than they expected, boosting their rapid growth. They stated that their achievements surpassed their initial vision, and that being already a big picture consisting of creating a platform for the developers’ community managing to do for them “what AWS has done for the web or what Windows and Mac did for computing.” What we didn’t realize was just how big of a need this was! Today, we power the majority of DeFi and almost every single NFT marketplace that has made that whole industry The company further explained that their “reliability and scalability” is what the ecosystem’s leading companies “are building their success” on. Meaning that this new round of funding will not only help their growth as a company, but it will turn into new benefits for more than one industry. Related Reading | Yieldly’s CEO Says Interoperability In DeFi Is More Important Than A Market-Leading Blockchain Crypto A...