NFT, crypto startup Alchemy raises $200M in venture capital, hits unicorn status

Its role is similar to web architecture provided by Microsoft and Apple, which built operating systems for personal computers, and Amazon Web Services, which now supports a major chunk of the internet’s data, The company provides infrastructure and programming tools to non-fungible token (NFT) creators and marketplaces, including Axie Infinity, Dapper Labs, Open Sea, as well as decentralized finance (DeFi) protocols like Aave, Sushiswap, Yearn.Finance and The Graph. The Ethereum (ETH-USD) scaling protocol Polygon announced recently it raised a whopping $450 million by selling a bulk sum of its native token (MATIC-USD) to Sequoia Capital India, and several other major investors. According to Viswanathan, last year’s excitement around crypto is carrying over into 2022, with companies in and outside of the sector seeking to build products that incorporate things like NFTs and DeFi applications. Two recent examples include social media giant Twitter letting users add their NFTs as profile pictures and Google’s Cloud division launching their own digital asset team. Alchemy’s client Adobe is also using their NFT programming software to enable artists and designers to share their NFTs on its social media platform, Behance.