According to an official press release, blockchain company Alchemy has announced the launch of its public application programming interface (API), which will allow corporate organizations and enterprises to develop applications on a blockchain.
As part of the publication, Alchemy said it has successfully concluded a Series A funding round, where it raised $15 million from several institutional investors. The round was led by Pantera Capital and also had participation from other big names including Samsung, Coinbase, and Stanford University. There were also a few leading individual investors such as Google chairman John Hennessy, Yahoo founder Jerry Yang, Charles Schwab, LinkedIn founder Reid Hoffman, e.t.c.
Alchemy was founded by a team led by Stanford classmates Joe Lau and Nikil Viswanathan. Since then, the company has grown to be the driving force behind several kinds of businesses, boasting of more than a million weekly users, scattered across 200 countries.
According to Viswanathan, the journey to widespread adoption begins from the drawing board, which is what Alchemy focuses on.
“Joe and I have seen that historically, great developer infrastructure was the catalyst for mainstream adoption of new technologies. The invention of the operating system brought computers to billions of people around the world.”
Lau then continued saying
“We realized blockchain technology would develop in the same way, so we’re working to enable mainstream adoption by providing the industry with the high-quality infrastructure and developer tools that it needs.”
A few days ago, Kryptomoney reported that Mumbai-based Tata Consultancy Services (TCS) released an app DevKit, for building blockchain applications.
Image Credits: Unsplash
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