Alchemy acquires NFT launchpad with 1 million customers

Web3 developer platform Alchemy has acquired HeyMint, a California-based non-fungible token (NFT) launchpad, in a transfer designed to reinforce the corporate’s sensible pockets infrastructure. 

The undisclosed funding deal will see HeyMint’s infrastructure embedded inside Alchemy because it seeks to simplify person onboarding for Web3 functions, the corporate disclosed on Might 23. HeyMint’s co-founder and chief know-how officer, Flor Ronsmans De Vry, joins Alchemy as a part of the deal. 

Whereas not a family title in crypto, HeyMint attracted greater than 1 million customers over its first two years of operations. It was the launchpad behind $38 million in NFT gross sales and supported the Web3 efforts of main manufacturers, together with The Sandbox, Common Music Group and Ubisoft. 

In 2023, HeyMint facilitated NFT gross sales for the Partnership for Central America, a personal sector coalition that included Mastercard.

The HeyMint acquisition is Alchemy’s second funding deal this month. The corporate not too long ago acquired Dexter Lab, a real-time knowledge infrastructure supplier for Solana, for an undisclosed quantity. 

Associated: VC Roundup: 8-figure funding deals suggest crypto bull market far from over

Crypto mergers, acquisitions are heating up

2025 is shaping as much as be a extra lively yr for crypto mergers and acquisitions (M&As), particularly in the USA, the place regulatory readability and a pro-industry administration are encouraging dealmaking.

There was a flurry of high-profile offers in current weeks, together with Robinhood’s acquisition of Canadian digital asset operator WonderFi for $179 million and Coinbase’s $2.9 billion acquisition of Deribit. Coinbase CEO Brian Armstrong mentioned his crypto trade is eyeing more M&A opportunities.

One of many greatest acquisitions was accomplished in April when Ripple purchased prime brokerage Hidden Road for $1.25 billion — a deal the funds firm mentioned would increase its horizons inside institutional finance. 

Past M&As, crypto enterprise capital funding has additionally been on the rise. PitchBook data revealed that, whereas the variety of offers declined final quarter, the worth of investments greater than doubled in comparison with a yr earlier.

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