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Alchemy Expands Free Tier in Bid to Attract More Blockchain Developers to Platform
The blockchain infrastructure startup says easy access to developer services helps projects "unfold at a higher velocity."
By Danny Nelson
Updated Sep 14, 2021, 1:43 p.m. Published Aug 20, 2021, 3:16 p.m.
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Crypto back-end firm Alchemy is expanding its free services in an attempt to woo more coders into the blockchain development space.
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The infrastructure startup, which helps crypto companies read and write data from blockchains, said the move is designed to make it easier for up-and-coming developers to gain a footing, whether they are building decentralized finance (DeFi) portals or non-fungible token (NFT) marketplaces.
Paul Almasi, head of growth for Alchemy, said projects should be able to "unfold at a higher velocity” with more easy access to developer services.
In the long term, those free-tier customers could end up growing, and paying Alchemy, for more. That’s what happened with early clients OpenSea and CryptoPunks, Alchemy said in a press release.
Read more: ‘AWS for Blockchains’ Alchemy Closes $80M Funding Round at $505M Valuation
The firm said on-platform developer activity increased 500% in the months following its last free-tier expansion in January. The new increase, which is substantially larger, is expected to juice activity further.
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