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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. 1 min read
Crypto back-end firm Alchemy is expanding its free services in an attempt to woo more coders into the blockchain development space.
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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The product, called Base MCP, connects a user’s Base Account to AI clients such as ChatGPT, Claude and Cursor using the Model Context Protocol (MCP), an emerging standard that allows AI systems to securely interface with external tools and applications.
What to know:
- Coinbase’s Ethereum Layer 2 network Base launched “Base MCP,” a new AI integration that lets users connect their crypto wallets to AI tools like ChatGPT and Claude to send funds, swap tokens, track portfolios and interact with DeFi apps using simple chat prompts.
- The product launches with integrations for protocols...
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