Layer 1s • August 4, 2021, 10:30AM EDT
UPDATED: August 4, 2021, 11:01AM EDT

Blockchain dev platform Alchemy adds roster of angel investors to help lead company growth

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The Block

Blockchain development platform Alchemy has brought in several angel investors from different industries to advise and guide the company’s expansion efforts.  

The roster of investors includes individuals from the crypto space and beyond: Chainalysis founder and CEO Michael Gronager, DoorDash founder and CEO Tony Xu, Morgan Stanley president and COO Vikram Pandit, and Dreamworks co-founder Jeffrey Katzenberg to name a few. 

The San Francisco-based company provides development and infrastructure tools for various NFT marketplaces including OpenSea, MakersPlace, and SuperRare, as well as notable NFT projects like CryptoPunks, Nba Top Shot, and Axie Infinity. 

“We’re seeing an explosion of new use cases, new types of users, and new products being built with NFT technology,” said Alchemy CEO Nikil Viswanathan. “Alchemy is excited to play a part in powering the NFT space.” 

The company raised $80 million in a Series B funding round three months ago, which valued the company at half a billion dollars. The platform launched publicly exactly a year ago.