Alchemy Web 3 Aims To Be A DeFi Highway

Alchemy Web 3

In just a few years,

web3 will transform

the concept of financial companies

and financial institutions for online games

and digital assets which is why we will teach you

everything you need to know about web 3 development in just five days

Whether you are just starting out or have already explored the industry,

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and entrepreneurs in the world working today on Web3

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Web 3.0 Blockchain technologies are in high demand in the market of late — and one company making waves in the space is Alchemy, which tripled in value after its funding round.

The crypto startup

is now valued at $10.2 billion after a $200 million fundraising round,

led by Lightspeed and Silver Lake.

This takes Alchemy into the Web 3.0 decacorn club,

as the company is expected to grow even stronger following this consolidation.

Alchemy has managed to raise US$250 million through a Series C fundraising round led by Andreessen Horowitz. Since then, it has grown threefold with several Web 3.0 initiatives.

But let’s take a step back. What is alchemy?

Founded by Joe Lau and Nikel Viswanathan, Alchemy aims to be a DeFi highway

Which tracks the evolution of the Web at speed 3.0 through various NFT and crypto projects.

Alchemy is working behind the scenes,

and it is now climbing the charts

as one of the preferred networks

for corporate development, which could previously be leveraged for developers to build DApps on top of blockchains.

Its Alchemy news also appears to have generated interest among Alchemy Pay (ACH) investors.

ACH token investors seem to have been buoyed

by the namesake network as the token rose 5.65%.

ACH Crypto is basically a payment gateway solution that connects the worlds of digital currencies and cryptocurrency.

ACH traded $0.047 with a volume of $96 million over the course of the day. However, it is important to note that the performance of ACH encryption has nothing to do with the funding of Alchemy Web3.

Travel, and the months ahead will be crucial for Alchemy as it lays groundwork towards its future goals.

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