• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Tuesday, July 8, 2025
  • Login
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Crypto NFTs

Alchemy, a quiet NFT startup is creating buzz after raising $80 million in investments

by Meenal Sharma
April 30, 2021 - Updated On May 1, 2021
in NFTs
Reading Time: 2 mins read
0
Alchemy, a quiet NFT startup is creating buzz after raising $80 million in investments
TwitterWhatsappLinkedin

Alchemy has pleasantly surprised markets after generating funds of $80 million in series B funding that has raised the company’s market value to $500 million. The blockchain technology provider deals in NFT’s, by acting as a middleman, not a blockchain. It allows its users to create their own blockchain applications.

You might also like

Magic Eden Review: User Experience, Features & Pros and Cons

Everything You Need to Know About Seedify Fund

What is Pudgy Penguins? Everything You Need to Know About the Adorable NFT Ecosystem

John Lau and Nikki Vishwanathan

Alchemy was founded by Stanford classmates Nikki Vishwanathan and Joe Lau four years ago in 2017  just before crypto winter began and it grabbed the opportunity crypto presented. The company has powered many high profiles NFT transactions like the record-breaking $69 million sale of Beeple’s artwork auctioned by Christie’s.

The company had received massive investment in the first funding exercise in August 2020 when investors like Charles Schwab, Reid Hoffman (founder of Linkedin), John Hennesey ( Alphabet Chairman) trusted the company and invested in it.

The second funding exercise received a net investment of $80 million and the star investors were Jerry Yang (ex-CEO of Yahoo), SpaceX, The Chainsmokers, Jay Z, Charles Schwab, Coinbase, and more.

The company’s user base since the first investment i.e. eight months has expanded ninety-seven times and the platform has powered more than $30 billion worth of transactions. Sales of Non-Fungible token have been reported to be more than $2 billion dollars.

The company wants to establish itself in the same role as the Amazon web services play on the internet powering major services like Uber, Netflix, and more. It wants to play the same role in NFTs, so that anytime a user deals interacts with NFT technology they would use the Alchemy platform in some way. The platform already powers 70% of the top applications on the Ethereum blockchain network. It also plays a major role in projects related to decentralized finance.

With the massive investment, the company plans to solidify its presence in the New York market and expand its operations beyond the seas to Europe and Asia. The owners plan to open up a new office in New York.

This investment could be a major game-changer in the field of blockchain technology and contribute vastly to the development and expansion of the Alchemy platform.

 

Tags: AlchemycryptocurrencyNFT'SNon-fungible tokenWall Street
Tweet54SendShare15
Previous Post

PayG – The payment gateway that empowers!

Next Post

What is DeFi? How did its market cap hit $100 Billion?

Meenal Sharma

Meenal Sharma is a Journalism and mass communication student. She is a deadline-oriented journalist with a passion for telling unique stories. She understands the impact of words and strives to deliver factual recollection of events. Meenal is currently working as an intern at Techstory and can be reached at [email protected] For Editorial/article enquiries on Techstory please reach us at [email protected]

Recommended For You

Magic Eden Review: User Experience, Features & Pros and Cons

by Techstory
March 25, 2025
0
Magic Eden Review: User Experience, Features & Pros and Cons

Magic Eden is a leading marketplace for trading NFTs across blockchains, including Bitcoin, Ethereum, Polygon, and Solana. Read on to find out what Magic Eden is, how it...

Read more

Everything You Need to Know About Seedify Fund

by Thomas Babychan
January 8, 2025
0
Everything You Need to Know About Seedify Fund

Seedify Fund has emerged as a leading name in the Web3 ecosystem, offering a robust platform for innovators, entrepreneurs, and enthusiasts within the blockchain space. Built on the...

Read more

What is Pudgy Penguins? Everything You Need to Know About the Adorable NFT Ecosystem

by Thomas Babychan
December 16, 2024
0
What is Pudgy Penguins? Everything You Need to Know About the Adorable NFT Ecosystem

In the ever-expanding world of NFTs, Pudgy Penguins has emerged as a standout project, blending charm, community, and innovation. What began as a collection of 8,888 unique penguin-themed...

Read more
Next Post
What is DeFi? How did its market cap hit $100 Billion?

What is DeFi? How did its market cap hit $100 Billion?

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?