Web3 Firm Alchemy Reaches $10.2 Billion Valuation

Infrastructure firm Alchemy, which contributed to the development of Web3, received a $200 million investment in the financing round, reaching a valuation of $10.2 billion.

Alchemy plays an important role in decentralized applications (dApps) on Ethereum and other blockchains. 10 billion dollars crossing the threshold “decacorn” achieved status.

Latest funding round, private equity firm Silver Lake venture capital firm lightspeed Managed by. Alchemy in its funding round in October of last year 250 Million dollars by investing $3.5 billion had reached valuation. Thanks to Web3 initiatives since October, the company’s value is approx. 3 times output.

In a statement, Alchemy CEO Nikil Viswanatan said:

We’ve seen our user base grow by 300%. Also, when we were a team of 50 people, we have now become a global company.

made statements. Also, the CEO said, “We will make it easier to show the potential of Web3 to people by doubling the developer needs we promised last year, this year.” said.

Last month, another infrastructure firm Blockdaemon $207 million reported a price increase. The current company value of Blockdaemon is approx. 3.25 billion around a dollar.

source site-9