Alchemy Garners Investments From Multiple Notable Mainstream Entities
Alchemy Garners Investments From Multiple Notable Mainstream Entities
December 18, 2019
Alchemy Garners Investments From Multiple Notable Mainstream Entities
Alchemy Garners Investments From Multiple Notable Mainstream Entities
December 18, 2019

Alchemy, a blockchain infrastructure startup, has garnered investments from multiple notable mainstream entities, including Stanford University, as well as leaders from other top businesses.

On December 17, it has been reported by Bloomberg that Alchemy, a startup focused on providing blockchain infrastructure, as well as other tools for developers, has amassed $15 million in contributions from influential mainstream business leaders, such as Jerry Yang, the Co-founder of Yahoo, and Reid Hoffman, the Co-founder of LinkedIn.

However, Bloomberg also noted financial powerhouse Charles Schwab’s place on the list of entities investing in Alchemy as part of its Series A financing. 

It has been analyzed that Alchemy joins a number of other brick and mortar companies looking to help outfit interested parties with blockchain technology, such as Amazon Web Services (AWS) and Oracle

Nikil Viswanathan and Joe Lau, the Co-founders of Alchemy, and the Alumni of Stanford, have high hopes for their blockchain project in terms of adoption. 

Likewise, Viswanathan told:

“We want to be the Microsoft for blockchain.”

Moreover, Lau mentioned the lack of computer usage, which seen during the technology’s early days, comparing the situation to that of blockchain technology at present.

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Lau also explained:

“In the ’70s and ’80s only researchers used computers and today everyone uses a computer.”

Thus, several months ago, it has also been reported that a separate gathering of Stanford alumni has built a crypto network harnessing smartphones, as the network had rallied over 500,000 participants as of the September 17, 2019.

Source: bloomberg.com | cointelegraph.com


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Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with an experience of 1 year. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space, as she loves writing about blockchain and other blockchain-related articles. Currently, she is working on blockchain-based news, reviews, featured articles, and guides.