alchemy api
Alchemy Launches Public API Having Raised $15M Funding
December 19, 2019
alchemy api
Alchemy Launches Public API Having Raised $15M Funding
December 19, 2019

Blockchain Firm Alchemy has announced the launch of its public application programming interface (API) after having raised $15 million in its Series A funding round.

On Dec. 17 a press release was published by the blockchain firm stating that Alchemy’s platform allows enterprises to build blockchain-based applications.

The funding round was reportedly led by:

  • Pantera Capital
  • Stanford University
  • Crypto exchange- Coinbase
  • Samsung
  • Alphabet chairman- John Hennessy
  • LinkedIn founder- Reid Hoffman
  • Yahoo founder- Jerry Yang

Working Towards Mainstream Adoption Through Developers Tools

The firm was founded by Stanford classmates Nikil Viswanathan and Joe Lau along with a team of industry veterans from- Facebook, Google, Microsoft, Stanford, and MIT, and entrepreneurs.

Lau said:

ALSO READ :  Venmo Is Following Suit By Launching Crypto Trading For Four Major Coins

“We realized blockchain technology would develop in the same way, so we’re working to enable mainstream adoption by providing the industry with the high quality infrastructure and developer tools that it needs.”

Viswanathan and Lau believe developer infrastructure is the key to driving mainstream adoption of new technologies. The company intends to use the funds into expanding into international markets.

Alphabet’s Chairman Hennessy commented on Alchemy’s initiative:

“What Alchemy is doing in blockchain has the potential to be similarly transformational, and Nikil and Joe have the deep technical background and proven entrepreneurial track record to make it happen.”

Source: Cointelegraph | Alchemy


Crypto News Point a news platform of Digital Notice Media Labs is primarily a regular publication of information, commentary and articles focused extensively on fintech, blockchain technology, cryptocurrency, blockchain-based tokens, cryptocurrency market trends, and trading strategies. We do not provide individually tailored investment advice and does not take a subscriber’s or anyone’s circumstances into consideration when discussing investments, nor is Crypto News Point registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any digital assets.

Affiliate Disclosure: To help support the work we do here at CNP, we often link to products and deals from around the web. Should you buy some of these, we may get a portion of the sale.

We in generally gather content from the major websites. In every article there is always a clear link and attribution to the source publication. If you have any issue with any of our published content taken from your site, kindly let us know so that we can take appropriate action. In any case, the content of the pages of this website is for your general information and use only. It is subject to change without notice.

You May Also like

Jafrin Ahmed

Crypto newbie passionate about creating resourceful content on blockchain technology, cryptocurrencies and decentralized apps.