Alchemy Raises $ 80 million
Our regular readers know that we regularly talk about innovative, interesting projects. And today we will analyze the new platform again. Next, we will focus on the Alchemy site. This is a young, rather ambitious project that has already raised $ 80 million. And these are colossal means that are impressive and make you ask one single question: what does this service do. Well, let’s figure it out. Let’s get started. Without further ado.
Basic information about the company
First, what Alchemy does in general. Let’s start from afar. Blockchain has become the area where the best programmers, financiers and economists of our time come to for a long time. Today, the digital industry, the Blockchain industry, is the nature that attracts the brightest minds of our time. And, obviously, promising experts need convenient functionality for their own development. After all, you see, how can a sculptor develop if he is not given marble and a hammer? The question is obviously rhetorical. And this very hammer, this tool for young developers on the Blockchain will be the Alchemy platform.
The name itself already contains the essence of the project – providing an opportunity to create a new one and transform an old one. That is why Alchemy is the platform that will help beginners gain experience and retrain into experienced blockchain developers. The work is built around connecting a variety of tools for a wide variety of protocols. From classic Bitcoin to modern and disruptive NFT tokens. The site has everything. There is everything that can help a specialist unleash his potential. Develop his own product and transform the industry.
How Alchemy came to be commercially successful
Obviously, such good ideas, sooner or later, will get the attention of paying customers. In the case of Alchemy, we can say that the platform quickly found its sponsors and its own audience. The company began to develop under the wing of such serious partners as Coinbase, Pantera Capital. Recall that these are almost the key sponsors of the Blockchain industry. It is to these companies that they turn for financial support. But the sponsors themselves found Alchemy. With proper funding, the company began to grow rapidly.
At the moment, according to representatives of the organization, their functionality is used in about 70% of applications based on Ethereum. Over the past 8 months, the organization has grown 97 times, increasing its own capitalization and market value. At the moment, the company is estimated at as much as $ 505 million. In addition, in the last round of funding for Coatue Management, the firm was able to raise about $ 80 million from investors.
The funds received will be used to develop new markets and expand the areas of operation. Because Alchemy is interested in ensuring that every developer. From any part of the world, can access advanced toolkits. These are bright intentions that will definitely make the crypto industry a better place. It is these ideological enterprises that show how the blockchain industry differs from the rest of the business. And at the same time they keep the original ideas. This is an amazing phenomenon. And a compelling reason to support Alchemy.
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