Nikil Viswanathan

Apr 17, 2023

Apr 17, 2023—5 min read The popularity of Web3 is elevating continuously, and many companies, startups, and DAOs are searching for Web3 developers and blockchain developers. But what if we tell you that companies need not spend a fortune on hiring in-house skilled and experienced WEB3 and blockchain developers? Yes, you heard it right! With advanced technological innovations, you can use promising Web3 development platforms. These platforms help developers with blockchain development. And Alchemy is one such globally recognized Web3 development platform. A private company, Alchemy, is a blockchain scaling platform. Learn more about Alchemy, its startup story, founders, funding, investors, growth, products, patents, competitors, and more. Company Highlights Sector Alchemy - About Alchemy offers the leading blockchain development platform empowering millions of users across 197 countries globally. With alchemy, companies can develop scalable and reliable decentralized applications without managing blockchain infrastructure in-house. Headquartered in the U.S., it has $1.5 billion in royalties to NFT creators with 10+ million end users. Many projects in the space, such as Cryptokitties, Radar Relay, Augur, OpenSea, etc., depend on Alchemy to support their core infrastructure requirements. Moreover, Alchemy invested its stakes in 2 leading companies- Soul Wallet and Shield. Nikil Viswanathan Nikil Viswanathan completed Bachelor’s and Master’s in Computer Science from Stanford University. Presently, he is working as co-founder and CEO of Alchemy. He was a product manager intern at Facebook, a teaching assistant at Stanford University, and an Engineer at Starnik Systems Inc. Nikil Viswanathan - Co-founder and CEO, Alchemy Joseph Lau After graduating from Stanford University with B.S. and M.S. in Computer Science, Joseph Lau is the co-founder and CTO of Alchemy. He worked as an associate technology manager intern at Google, a teaching assistant at Stanford University, and a software engineer at Pinterest. Joseph Lau - Co-founder and CTO, Alchemy The team consists of engineers from MIT, Google, Stanford, Microsoft, and other startups. Alchemy currently employs over 200 employees. Alchemy - Startup Story Nikil Viswanathan and Joseph Lau had long ago figured out that software was the optimal way to reach people. But how to create the best impact was an open question. Both believed they found the answer to their question with Down to Lunch (a meet-up app), which was a hit initially, but the success soon halted. It was in 2017 that Nikil and Joseph founded Alchemy. They figured out that the blockchain industry is rife with hype and uncertainty. They realized developers struggle to set up blockchain applications and need better tools. Thus, they came up with the idea of Alchemy to impact how the entire world uses money. The company was publicly launched in August 2020. Since then, it has launched a venture capital arm- Alchemy Ventures, and an educational resource on blockchain development- Web3 University. Alchemy - Mission and Vision Alchemy’s vision is to bring blockchain to a billion people. Its primary aim is to provide developers with the fundamental building blocks to create the future of technology. Alchemy Business Model Alchemy allows blockchain developers to securely create, test, and monitor decentralized apps (DApps). The platform provides developers with dependable network connectivity and node management endpoints. Alchemy simplifies decentralized development and provides remote nodes with features like Nodes. It further allows developers to send real-time push notifications to users for important events based on blockchain activities and their NFT API. Moreover, Alchemy provides several services allowing developers to instantly find, verify, and display NFTs across multiple blockchains . Alchemy - Revenue Model Alchemy earns revenue by charging for compute units. The company offers three plans- Free, Growth, and Enterprise plan. The ‘Growth’ plan is available for $49/ month, and ‘Enterprise’ plan can be customized. Alchemy - Products and Services Alchemy offers a diverse line of products, categorized into APIs, Chains, Alchemy SDK, and Tools. These products include Supernode, NFT API, SDK, Notify, Enhanced APIs, Monitor, Composer, Build, Transact, Spearmint, Transaction Simulation, Easy Mint, Account Abstraction, and more. In addition, Alchemy University enables participants to earn their web3 degree. Products offered by Alchemy Alchemy - Funding and Investors Alchemy has undertaken 5 funding rounds and has raised a total of $563.9 million. It conducted the latest funding round - Series C Round on February 8, 2022, and raised a total of $200 million. The company is backed by 53 top founders, institutions, and execs in the technology industry. The main investors are Pantera, Coatue, a16z, Redpoint, Stanford University, Coinbase, Mayfields, SignalFire, and Lightspeed. Date