Alchemy, a blockchain application development platform, today announced an $80 million Series B funding round led by Coatue and Addition. The Alchemy platform offers developers the tools they need to create mainstream blockchain apps.

This new funding will be used by Alchemy to expand its developer platform to support new blockchains, fuel global expansion, and open new offices in the US and internationally.

Today, Alchemy is responsible for over $30 billion in transactions across every blockchain vertical; including financial institutions, exchanges, custodians, decentralized finance companies, and multinational organizations such as UNICEF.

Alchemy has also become the technology behind major NFT platforms, including Makersplace, Nifty Gateway, OpenSea, SuperRare, and CryptoPunks.

Source: Alchemy

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