Web3 developer infrastructure startup Alchemy, which last raised a $200 million Series C1 last February, has just made its first acquisition ever — and it’s in the education space. The company purchased education startup ChainShot, which runs coding bootcamps for aspiring web3 developers, Alchemy co-founder and CEO Nikil Viswanathan told TechCrunch exclusively. Alchemy did not disclose the terms of the deal.
For Alchemy, the acquisition seems like a fit, considering the company’s goal is to be the starting point for developers looking to build apps on the blockchain. It’s often referred to as the Amazon Web Services (AWS) of web3, and says it has seen a 10x increase in the number of teams building on its platform over the past 12 months. Its valuation has grown at a staggering rate, too, even for a crypto startup — it gained that $10.2 billion valuation just 16 months after it launched.
Its rapid growth has certainly garnered attention from investors, a group that includes...
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