ALCHEMY RAISES $80M TO POWER THE NFT BOOM AS THE AWS OF BLOCKCHAIN

The world of blockchain technology is rapidly evolving, and at the forefront of this revolution is the rise of Non-Fungible Tokens (NFTs). Blockchain builder Alchemy is riding high even by the standards of the current crypto bull market. Since offering its software kit to all comers eight months ago, Alchemy says it has grown 97-fold, made fistfuls of money, and added blue chip customers that range from UNICEF to Fortune 50 companies.These unique digital assets are transforming industries from art and collectibles to gaming and real estate, creating new opportunities for creators and collectors alike.Fueling this explosive growth is a critical infrastructure layer, and one company, Alchemy, is emerging as the dominant player.Think of Alchemy as the 'AWS of blockchain,' providing the essential tools and services that developers need to build and scale their decentralized applications.In a testament to their success and the burgeoning NFT market, Alchemy has just announced an impressive $80 million Series B funding round. Alchemy powers most of DeFi and almost all the big NFT platforms. The round was co-led by Coatue Management. AWS for Blockchains Alchemy Closes $80M Funding Round at $505M ValuationThis significant investment, co-led by Coatue Management and Addition, underscores Alchemy's pivotal role in powering the NFT revolution and solidifies its position as the leading blockchain developer platform.This funding will enable them to further develop and expand their platforms to support the growing needs of the NFT marketplaces and the broader DeFi (Decentralized Finance) ecosystem.But what exactly does Alchemy do, and why is this funding so important for the future of blockchain and NFTs?

Alchemy: The Infrastructure Powering the NFT Ecosystem

Alchemy isn't creating NFTs themselves; instead, they're providing the essential developer tools and infrastructure that enable others to do so. Blockchain developer Alchemy has announced that it has raised $80 million in a Series B round to further develop platforms that power non-fungible token marketplaces. The funding round, announcedThey offer a comprehensive suite of services, including reliable blockchain APIs, developer tools, and infrastructure solutions, allowing developers to focus on building innovative applications without getting bogged down in the complexities of blockchain technology. ANZEEQ PTE LTD Blockchain developer platform Alchemy announced today it has raised $80 million in a Series B round of funding led by Coatue and Addition, Lee Fixel s new fund. The company previously raised a total of $15.5 million, so the latest financing brings its total raised to $95.5 million since it launched in 2025. The latest round caughtIn essence, they provide a simplified and scalable platform for interacting with blockchains.

Consider this analogy: Imagine you're building a house. Today Alchemy is excited to announce our $80M Series B, led by @coatue and Addition! 🚀 8 months into our public launch and we're already powering: 🌎 10M global users 💰 $30B tx volumeYou wouldn't start by digging the foundation yourself.You'd hire a construction company that specializes in foundations. Alchemy raises $80M to power the NFT boom as the 'AWS of blockchain'Alchemy is that construction company for blockchain applications. Alchemy, a platform powering decentralized finance (DeFi) projects including top NFT marketplaces, has closed an $80 million funding round. Alchemy s value is now over $500 million. CEO NikilThey handle the complex, behind-the-scenes infrastructure, allowing developers to focus on the creative aspects of building their applications.

The $80 Million Funding Round: A Vote of Confidence

The recent $80 million Series B funding round isn't just a large sum of money; it's a strong validation of Alchemy's vision and execution.The round was co-led by Coatue Management and Addition, the new fund of Lee Fixel.This substantial investment brings their total funding to $95.5 million since their launch.Securing this level of funding from prominent investors speaks volumes about the potential of Alchemy and its role in shaping the future of blockchain.

What will Alchemy use the funding for?

The funding will primarily be used to:

• Expand their platform: This includes adding new features, improving existing infrastructure, and supporting more blockchain networks.
• Scale their team: As the demand for blockchain development tools continues to grow, Alchemy needs to expand its team to support its growing customer base.
• Accelerate innovation: Alchemy is committed to staying at the forefront of blockchain technology and will use the funding to invest in research and development.

This funding is designed to facilitate expansion and improvement on their platforms and services.This will enhance the functionality and the user experience of the Alchemy platform.It also shows Alchemy's commitment to improving blockchain technologies.

Why is Alchemy Being Called the 'AWS of Blockchain'?

The comparison between Alchemy and Amazon Web Services (AWS) is apt because they both provide critical infrastructure for their respective ecosystems.AWS revolutionized the cloud computing industry by providing businesses with on-demand access to computing resources, allowing them to build and scale applications without investing in expensive hardware.Alchemy is doing the same for blockchain development.

Just like AWS abstracts away the complexities of managing servers and networks, Alchemy abstracts away the complexities of interacting with blockchains.This allows developers to focus on building innovative applications without worrying about the underlying infrastructure.This abstraction is vital for the widespread adoption of blockchain technology.It makes blockchain development more accessible, efficient, and scalable.Alchemy empowers developers to create robust, reliable, and user-friendly decentralized applications.

The Explosive Growth of NFTs and Alchemy's Role

The rise of NFTs has been nothing short of phenomenal.From digital art and collectibles to virtual real estate and in-game assets, NFTs are revolutionizing how we own, trade, and interact with digital assets.Alchemy plays a critical role in this ecosystem by providing the infrastructure that powers many of the leading NFT marketplaces.Alchemy empowers developers to create these platforms and provide a user experience that is smooth and efficient.

NFTs are more than just digital collectibles; they represent a new paradigm of digital ownership and scarcity.They enable creators to monetize their work in new ways and provide collectors with verifiable ownership of unique digital assets.The potential of NFTs extends far beyond art and collectibles.They can be used to represent ownership of anything, from physical assets like real estate to digital assets like domain names and social media accounts.This versatility makes NFTs a powerful tool for creating new business models and disrupting existing industries.

Alchemy's Impact: Statistics and Success Stories

Alchemy's rapid growth speaks volumes about the demand for its services.Since offering its software kit publicly, Alchemy reports a 97-fold growth in its business.They also report powering 10 million global users and have seen $30 Billion in transaction volume.

These are some of the organizations and companies that utilize Alchemy:

• UNICEF: Showing its diverse reach, even humanitarian organizations are using Alchemy
• Fortune 50 companies: Companies across industries are using blockchain and partnering with Alchemy
• Leading NFT marketplaces: Some of the top NFT platforms utilize Alchemy's services
• DeFi projects: Alchemy powers many of the major players in the decentralized finance space.

The breadth of Alchemy's customer base demonstrates the versatility and importance of its platform.From established corporations to innovative startups, businesses across industries are leveraging Alchemy's infrastructure to build and scale their blockchain applications.This widespread adoption is a testament to the value that Alchemy provides and its potential to become the leading blockchain development platform.

Common Questions about Alchemy and Blockchain Development

What are the key benefits of using Alchemy for blockchain development?

Using Alchemy offers several key advantages:

• Simplified development: Alchemy abstracts away the complexities of blockchain technology, making it easier for developers to build and deploy applications.
• Scalability: Alchemy's infrastructure is designed to handle high volumes of transactions, ensuring that applications can scale to meet growing demand.
• Reliability: Alchemy provides a reliable and stable platform, minimizing the risk of downtime and ensuring that applications are always available.
• Comprehensive tooling: Alchemy offers a comprehensive suite of developer tools, including APIs, SDKs, and dashboards, to streamline the development process.
• Cost-effectiveness: By using Alchemy, developers can avoid the expense of building and maintaining their own blockchain infrastructure.

How does Alchemy differ from other blockchain development platforms?

Alchemy differentiates itself through its focus on:

• Reliability and stability: Alchemy prioritizes providing a robust and reliable platform, ensuring that applications can operate without interruption.
• Comprehensive tooling: Alchemy offers a wider range of developer tools and services than many of its competitors.
• Enterprise-grade support: Alchemy provides enterprise-grade support to its customers, ensuring that they have the resources they need to succeed.
• Scalability: Alchemy's infrastructure is designed to handle the demands of large-scale applications, making it a good choice for businesses that anticipate rapid growth.

What types of applications can be built using Alchemy?

Alchemy can be used to build a wide range of blockchain applications, including:

• NFT marketplaces: Platforms for buying, selling, and trading NFTs.
• DeFi applications: Decentralized lending platforms, exchanges, and other financial services.
• Blockchain games: Games that utilize blockchain technology for ownership, scarcity, and security.
• Supply chain management systems: Systems for tracking and tracing goods throughout the supply chain.
• Identity management solutions: Systems for managing digital identities and credentials.

How can I get started with Alchemy?

Getting started with Alchemy is simple:

1. Create an account: Sign up for a free Alchemy account on their website.
2. Explore the documentation: Familiarize yourself with Alchemy's APIs, SDKs, and other developer tools.
3. Start building: Begin building your first blockchain application using Alchemy's platform.
4. Join the community: Connect with other Alchemy developers and get support from the Alchemy team.

The Future of Blockchain and NFTs: Powered by Alchemy

The future of blockchain and NFTs is bright, and Alchemy is poised to play a central role in shaping that future.With its robust infrastructure, comprehensive tooling, and commitment to innovation, Alchemy is empowering developers to build the next generation of decentralized applications.As the demand for blockchain solutions continues to grow, Alchemy is well-positioned to become the leading platform for building and scaling decentralized applications.

This new round of funding emphasizes Alchemy's role in Web3 and blockchain's future.With the new funding, look for Alchemy to continue to power the NFT boom and other Web3 technologies.Expect innovation and scalability from the company as they continue to be the 'AWS of Blockchain'.

Conclusion: Key Takeaways and What's Next

Alchemy's $80 million Series B funding round is a significant milestone for the company and the blockchain industry as a whole.It underscores the growing importance of blockchain infrastructure and the critical role that Alchemy plays in enabling the development and deployment of decentralized applications.Here are the key takeaways:

• Alchemy is the leading blockchain developer platform: They provide the essential tools and services that developers need to build and scale their applications.
• The NFT market is booming: Alchemy is powering many of the leading NFT marketplaces, demonstrating its importance in this rapidly growing ecosystem.
• Alchemy is like the 'AWS of blockchain': They provide the underlying infrastructure that makes blockchain development more accessible, efficient, and scalable.
• The future of blockchain is bright: Alchemy is well-positioned to play a central role in shaping the future of decentralized applications.

As the blockchain industry continues to evolve, expect Alchemy to remain at the forefront, providing the infrastructure and tools that developers need to build the next generation of decentralized applications.If you're a developer looking to build on blockchain, consider exploring Alchemy's platform and joining their community.The future of the web is decentralized, and Alchemy is helping to build it.