For the full version of this newsletter including longer, more descriptive analysis of the top stories this week, subscribe below:Alchemy announced the launch of a $200-million Series C fundingThe seven-investor round was led by two California-based venture firms — Lightspeed Venture Partners, which were investors in FTX’s recent tertiary funding round, and Silver Lake — with additional participation from Pantera Capital andAlchemy provides the underlying infrastructure for Web3 applications —...
Since October’s funding round led by a16z, Alchemy has implemented several initiatives such as an open Web3 University to foster education within the space, a startup program titled Alchemy Ventures designed to support emerging businesses, in addition to a nonfungible token application programming interface for website developers.
According to the company, NFT marketplaces built on the Alchemy platform have registered in excess of $1.5 billion in artist royalties over the past 12 months, a crucial community-orientated metric among Web3 participants. Alchemy co-founder and CEO Nikil Viswanathan shared his assessment of the last year across the industry, as well as predictions for the upcoming year, stating:
“2021 was the year developers took Web3 mainstream and created businesses that are transforming the lives of millions. In 2022, we’ll be doubling down on our commitment to meeting developer needs in more places, making it easier than ever to unlock the potential of Web3.
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