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10 May 2021

Alchemy raises $80M to power the NFT boom as the 'AWS of blockchain'

Alchemy raises $80M to power the NFT boom as the 'AWS of blockchain'


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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 band The Chainsmokers, and actor Jared Leto also contributed to the funding round which brings Alchemy’s valuation to $500 million.

The firm plans to use the funding to support new chains with its developer platform, and expand its employee base which currently stands at a team of just 22 people

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