Alchemy (blockchain software company)

Alchemy is a private company headquartered in San Francisco, California. It provides software development tools and infrastructure services to blockchain companies. Alchemy is used by most non-fungible token services and is the most widely used brand of software development tools for creators of Web3 and blockchain services. The company was founded in 2017. As of February 2022, it has raised $545.5 million in total venture capital investments. in their apartment. The company was in stealth mode until December 2019, when the software was taken out of beta. This funding round valued the business at $10.2 billion.<ref name="Azevedo 2022" /> Over the time between the Series C and Series C-1 (approximately three months), the number of Alchemy users tripled and Alchemy's services processed $105 billion in blockchain transactions annually, compared to $45 billion in October 2021.<ref name="Azevedo 2022" />
Software and services
Alchemy develops and markets tools and infrastructure services for blockchain companies.<ref name="More 2020" /> It is an outsourced infrastructure company, similar to Amazon Web Services, but specialized for blockchain services.<ref name"Ehrlich 2021" /><ref name"Constine 2019" /> Its business is similar to Microsoft, in that it provides a wide range of IT tools and services.<ref name"Constine 2019" /> Most of the largest blockchains use Alchemy to operate their blockchain nodes,<ref name"Ehrlich 2021" /> which are replaced by Alchemy's software.<ref name"Constine 2019" /> Alchemy has tools and services for analytics, monitoring, logging, APIs, and debugging.<ref name"Nast 2019" /><ref name"Constine 2019" /> It also offers a software development platform for blockchain developers.<ref name"Sternlicht 2021" />
Alchemy is used by services like Ethereum-based cryptocurrency exchanges,<ref name"Nast 2019" /> finance websites, or games,<ref name"Constine 2019" /> and almost all non-fungible token services.<ref name="Ehrlich 2021" /> It is sold on a freemium business model where base services are free, but premium features are sold based on the amount of computing power used.<ref name"Sternlicht 2021" /><ref name"Azevedo 2022" />

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