AWS for blockchain Alchemy boosts valuation to $3.5B with $250M raise

set of protocols led by blockchain, that intends to reinvent how the Internet is wired in the backend).

Viswanathan believes Alchemy is playing a crucial role in the recent surge and popularity of blockchain.

Ali Yahya, general partner at Andreessen Horowitz (16z), described Alchemy as “a key driver” of the growth of blockchain and Web3, and said the startup is already “the de facto developer platform” for Web3.

“Just as Microsoft and AWS built platforms that powered the computer and internet industries, Alchemy’s platform enables developers to build blockchain products used by millions globally,” he wrote via email, adding that Alchemy’s growth across all relevant metrics has been “staggering.”