Total revenue was over $300 million, tearing down 5,000-word Web3 infrastructure company Alchemy

In the era of Web 1.0, IBM underestimated the personal PC industry and Microsoft quickly entered the industry with Windows. Web 2.0, browsers and mobile operating systems are shining, and Apple and Google are doing business. When Web3 really came to the periphery of the crypto ecosystem, Alchemy was a company worth investigating. Serial trader, the developer was born in Stanford, and in one year the value of the company has grown from 100 million dollars to 3.5 billion dollars. Customers include stars Jay Z and Will Smith, and users include OpenSea.

The structure of this form

1. Company Profile

Founder's Story

Financial process

alchemy user

2. Presentation and business model

Business Model: Alchemy - AWS on Crypto Track

what needs

3. History of the development of alchemy

It's all about user experience

Why the Alchemy Warning? Where are the market stakes?

recordings

Problems Arise in the Current Blockchain Development Environment

Application of alchemy in the DeFi domain

user's voice

4. Investor Foundations

A16Z

4. Other tests

Possible side effects include alchemy

5. The Founder's Vision

Company Profile

Alchemy aims to become Amazon Web Services (AWS) in Web3 World-Alchemy

Founded in 2017, Alchemy is a blockchain infrastructure company.Its main role is to improve user experience by providing blockchain development platform services to blockchain developers.It currently works with millions of users in 197 countries around the world.

Alchemy aims to support the future of MultiChain by developing and implementing hardware tools. Developers and designers can use Alchemy tools and hardware to create applications of different blockchains, and Alchemy can help designers in different chains. In 2021, Alchemy will support tens of millions of users worldwide as it crosses paths with Web3 in the $45 billion Web3 market.

Founder's story

Co-founder and CEO

CEO Nikil Biswanathan

The serial entrepreneur holds bachelor's and master's degrees in computer science from Stanford University and is also the founder of Down To Lunch, a social media app. NIKIL has previously worked with product armies from Google, Microsoft and Facebook.

Co-founder and CTO

CTO Joe Lau

Joe Lau holds a BS and MS in Computer Science from Stanford University. Co-founder and serial entrepreneur Alchemy CTO has worked as an engineer for Pinterest, Google and Linkedin.

The design of the Down to Lunch social platform is totally aggressive and frugal. While tens of thousands of Down to Launch user logs have poured in, Nikil's iMessage is not working. NIKIL boldly emailed Apple CEO Cook saying, “You are our only hope,” and Cook helped fix the problem. Both of these entrepreneurs are known in the global marketing industry. JOE LAU stays in the office for 6 days at a time. Many company employees worked with paper boxes.

Financial process

In April 2019, Alchemy received its first financial offer.

December 2019, Alchemydevine$15 million in funding, led by Aditya Agarwal and others;

April 28, 2021 AlchemyAt a cost of $500 million, Round B funding is $80 million.;

October 28, 2021 AlchemySeries C silver $250 million, cost $3.5 billion;

Traders include former Citigroup CEO Vikram Pandit, DoorDash CEO Tony Xu, Morgan Stanley Chairman Vikram Pandit and Coinbase Chairman John Hennessy Letters, as well as entertainers Will Smith and famed singer Jay Z.

alchemy user

Top Alchemy Users: Photos from a Legit Website

users

Alchemy clients include Binance Wallet, OpenSea, CryptoKitties, Kyber, 0x, Binance Wallet, Gods Unchained, Opera, and Maker. Estimates show that 70% of the best blockchain applications of the future will use Alchemy design tools, representing significant improvements in performance and availability for application developers.

Presentation and business model

Business model:Alchemy - AWS on the trail of cryptos

Alchemy aims to be the Amazon Web (AWS) of the Web3 world.Developer Nikil believes the Web3 ecosystem includes a variety of apps and software that run on the blockchain. In the era of Web 2.0, in addition to the enterprise store, Amazon still uses AWS called AWS.And two-thirds of Amazon's revenue comes from the AWS industry, which is worth more than $1 trillion..Alchemy is similar in concept to AWS, except it is a platform enhancement for the blockchain industry. Today, Alchemy can power almost any NFT (engine) in the world.

explain more,Alchemy is similar to B2B software development teams that help developers easily build apps that run on the blockchain. Blockchain networks and DApps need to find ways to intervene.Alchemy provides out-of-the-box solutions, and Alchemy allows developers to focus on developing applications for users.

What rules have been followed?

In the blockchain industry, companies typically spend tens of thousands of dollars on homes, working on translators, and writing blockchains.The problem is that it's slow, expensive, and uses a lot of engineering equipment. Even more problematic is that node architectures do not support balancing large applications and servers, and problems arise when nodes are not removed from block numbers. When the blockchain application is slow, buggy, or disruptive, the siege takes a long time to trigger.

Photo by Alchemy

Alchemy uses completely different models that separate different materials into specialty stores to improve speed and reliability.

history of alchemy

"As an integral part of a user experience that meets user needs, push notifications are critical to the success of the entire DApp ecosystem. Past experience is key. Surprising and users think products blockchain should be at least as good as web and mobile devices.”

When Alchemy started, the mass market was only 5 million units, and after entering the market still early, it joined the Google Launchpad Studio Accelerator in 2018.

2020 is all about user experience

What's New in Alchemy in 2020: Push Notification for Alchemy Notify Developers, aims to replace the nodes companies use to read and write to blockchains with a simple, scalable infrastructure. They want to partner with a development platform that provides cryptocurrency monitoring, notification, and debugging software tools.

Photo by Alchemy

Why the Alchemy Warning?

Where are the market stakes?

The user experience of crypto tracks has often been criticized for transactions that affect the average user.Crypto proponents claim that cryptocurrencies are far from being adopted due to the complexity of the transition as the world will need more blockchain processes.

This notification greatly improves the ease of interaction between developers and blockchain developers.Users can know their real-time on their blockchain, such as interest receipts, lost tokens, betting real-time NFTs, exchanges, etc., saving users a lot of time. .

Alchemy's CEO has always believed that resolving customer complaints is paramount."For the blockchain industry to truly work, it must create products that are simple, easy to understand, and accessible to the average user. Alchemy is focused on providing developers with the tools they need to grow the blockchain experience. consumer.”

recordings

According to research firm Airship, which analyzed data from 63 million app users, the number of users who received notifications during the first 90 days of the app's development was estimated at around 300% who will generally continue to use the app and have 820% higher rates.

When developing apps, users who send notifications have a 460% higher storage rate than users who don't receive notifications.

In other words, users in an encrypted ecosystem need to have more interaction with SApps and applications. In response to these complaints, the Alchemy Notify team evaluated hundreds of developers.It turns out that user experience of encrypted tracks is a big deal.

thought Joe Lau, CTO of Alchemy. The Alchemy Alert feature was introduced to make blockchain products easier to use than traditional web/mobile apps. You can understand the significance of notifications by looking at the huge impact and changes push notifications have brought to the mobile app ecosystem and apps in the Web2.0 era.

Alchemy Warning Works Diagram

Photo by Alchemy

In July 2020, Alchemy plans to launch Alchemy Design, which aims to replace current issues in the blockchain industry with new design tools that will make blockchain development engineers even more user-friendly.

Problems Arise in the Current Blockchain Development Environment

According to research in alchemy,Blockchain engineers spend up to 12 hours a week on tasks related to debugging, user issues, and deployments, which take up time and disrupt innovation..

The Alchemy Build tool is ready to use and does not require any configuration. The tool includes a resource manager that can check historical data to identify errors and improve performance. It also includes the Mempool Visualizer, which allows developers to visualize real-time transitions between strings, Composer, which can be used for design and construction, and the Debug Toolkit, an obvious real-time visualization that allows review policies.

In the blockchain industry, the reliability of blockchain deployments is very important as it covers important areas such as financial markets, internal markets, and the public chain.Although some blockchain companies provide bugs to white hat hackers who see these bugs and flaws in their policies, some blockchain companies often delay the announcement when they see the virus good and relevant.

But in the future, Alchemy Build, an app design tool, might help blockchain developers solve some of the problems. “Many blockchain developers will build the wheel and rework the same problem, and Alchemy Build can simplify the development phase.

“Web 2.0 has cutting-edge tools like DataDog that improve design and solutions, but in the blockchain industry, there are still people in the blockchain industry who do simple tasks like determining the hexadecimal numbers rather than focusing on creating the next generation of sex.”

In August 2020, Alchemy released the announcement.

Alchemy's mission is to make blockchain accessible to all developers, spread the magic of blockchain globally, and continue to support blockchain developers.

Application of alchemy in the DeFi domain

Within the DeFi framework, Alchemy provides solutions for MakerDAO, 0x, and other DeFi applications.August 2020,CEO Nikil said that over 70% of the popular Ethereum app with total assets of over $2.8 billion running on DeFi uses Alchemy to access blockchain data.

Roham Gharegozlou, CEO of Dapper Labs, one of Alchemy's users, believes that the initial use of Alchemy could benefit from combining "property management" with "industry-level improvements. tools and support". Through paid startups like Alchemy, developers have acquired design tools and hardware that support working with blockchain data, making it easier for blockchain startups to focus on end users.

user's voice

Alchemy increased its sales tenfold from April 2021 to August 2021 and counts among its customers OpenSea, Nifty Gateway and UNICEF, Big Four Financial Institutions, etc.

"Alchemy Build's suite of build tools made it easy for us to build our Web3 infrastructure," said Kent Barton, R&D director at ShapeShift. "As we launch Microtick, our blockchain product, it's important to focus on improving."

"Alchemy Build has grown our monthly user base to over 200,000 listeners and has saved us lots of debugging code overnight with this cutting-edge suite of gear," said veteran engineer Sid Sethi. at Audius.

As of April 2021, Alchemy had raised $80 million in Series B funding and was valued at $500 million.

October 2021,Alchemy C's funding round reached $250 million with a net worth of $3.5 billion.

Alchemy's CEO said that by 2022, it will further integrate the integrated commerce business with Round C funding and continue to enter the crypto ecosystem and its own commerce-related sectors.

The scope of blockchain is expanding more and more. More and more users are engaging in crypto tracking, using a variety of blockchain applications to buy and sell assets, games, and data storage. All these operations require the operation of secure, efficient and functional software.Alchemy enables developers to build blockchain applications, the cornerstone of the cryptocurrency ecosystem.

The continued popularity of encrypted tracks and ecology is an application in its own right, which will contribute to the growth of the business.By the end of 2021, the exchange will reach $30 billion and have around 10 million users, with several applications developed by Alchemy. Most NFT companies around the world use Alchemy.

Investor's point of view

Ali Yahya parA16Z

Modern blockchains are programmable blockchains, just like personal computers. Smartphones can see blockchain as a new type of computer with special features that allow the programmer to write numbers and engage. For example, Bitcoin promises to always have 21 million Bitcoins.

Every new computer needs its own features, its own platform, and processes that make it easy for developers to develop new products.Personal PCs have always been used by Mac OS, Windows, and smartphones have always been used by iOS and Android. For cloud computing, we use AWS, Azure, Google Cloud, etc. Developed by these platforms, Apple, Google, Amazon, and Microsoft have become some of the most successful and profitable companies in human history.

Just as Apple and Amazon are building their development platforms as PC, smartphone, and cloud developers, Alchemy is building the operating system and development platform for the future Web3 era. Alchemy develops an enterprise platform that supports developers in the modern blockchain ecosystem.

The founders were passionate and goal oriented with a lofty style and vision. With his energetic skills and team spirit, he quickly became a global business team.

throughluam lag metricsIn return, Alchemy achieved the best growth in the past year, quickly beating its competitors. The Alchemy platform, which currently supports most business and web3 content processes,Aave, Axie Infinity, Dapper Labs, Flow, OpenSea, etc. are all Alchemy users.Based on Alchemy's infrastructure, over $45 billion in web3-based marketing happens on Alchemy every year, and that number is growing fast.

Other Reviews

What are the potential problems with alchemy?

The biggest threat to the business is how quickly crypto tracking will become a huge business., Alchemy makes a lot of money selling thousands of dollars worth of tools and equipment. But starting the blockchain developer wheel and really advancing in the industry working for mainstream consumers is a success story.

As a development and architecture-focused company, trusting Alchemy to outsource the importance of its infrastructure to retail businesses is difficult. Alchemy recently hired its first retailer to market its business to a large company interested in blockchain. However, not all is bad as Alchemy helps businesses solve their problems and meet their needs.

The vision of the founder of alchemy

"Over the next few years, we want to work to support the growth of the entire blockchain industry and make this technology accessible to all people around the world. Blockchain is currently facing many challenges."

"In Silicon Valley, for startups, there are two measures of how much money you've raised in excess and the second is how many people you have on your team. One or two measures.

Technology paradigm shifts typically occur every 20-30 years. If we are facing a major technological change, there is an opportunity to start a home improvement business in this field. This is our vision and not just a question of money. "

What do you think the future holds for Alchemy? Is it "AWS" from the blockchain ecosystem?

Sau | Lapland alpha

Siv:

1.https://a16z.com/2021/10/28/investing-in-alchemy/

2.https://techcrunch.com/2018/09/05/googles-launchpad-studio-accelerator-welcomes-a-cohort-of-blockchain-and-finance-startups/

3.https://cointelegraph.com/news/alchemy-push-real-time-crypto-notifications-to-your-device

4.https://cointelegraph.com/news/alchemy-push-real-time-crypto-notifications-to-your-device

5.https://www.coindesk.com/markets/2020/06/09/alchemy-notify-wans-to-simplify-blockchain-ux-with-a-single-push/

6.https://finance.yahoo.com/news/alchemy-goes-public-developer-platform-141020324.html

7.https://finance.yahoo.com/news/blockchain-development-platform-alchemy-exits-142136549.html

8.https://technode.global/2021/01/15/crypto-com-announces-partnership-with-alchemy-to-enhance-its-developer-platform/?utm_content=buffer2b80a&utm_medium=social&utm_source=twitter.com=buff_camign

9.https://www.coindesk.com/tech/2021/05/26/ethereum-scaler-arbitrum-is-launching-friday-with-developer-support-from-alchemy/

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11.https://finance.yahoo.com/news/alchemy-expands-free-tier-bid-151630168.html

12.https://a16z.com/2021/10/28/investing-in-alchemy/