Alchemy Acquires HeyMint to Boost NFT Infrastructure

Web3 developer platform Alchemy has acquired HeyMint, a California-based non-fungible token (NFT) launchpad, in a move designed to enhance the company’s smart wallet infrastructure. The undisclosed funding deal will see HeyMint’s infrastructure embedded within Alchemy as it seeks to simplify user onboarding for Web3 applications. HeyMint’s co-founder and chief technology officer, Flor Ronsmans De Vry, joins Alchemy as part of the deal.

While not a household name in crypto, HeyMint attracted more than 1 million users over its first two years of operations. It was the launchpad behind $38 million in NFT sales and supported the Web3 efforts of major brands, including The Sandbox, Universal Music Group and Ubisoft. In 2023, HeyMint facilitated NFT sales for the Partnership for Central America, a private sector coalition that included Mastercard.

The HeyMint acquisition is Alchemy’s second funding deal this month. The company recently acquired Dexter Lab, a real-time data infrastructure provider for Solana, for an undisclosed amount.

This acquisition is part of a broader trend of increased activity in the crypto mergers and acquisitions (M&As) landscape, particularly in the United States. Regulatory clarity and a pro-industry administration are encouraging dealmaking in the region.

Alchemy's acquisition of HeyMint is a strategic move to integrate a no-code NFT launchpad into its platform, which will likely enhance its capabilities in the NFT space. By embedding HeyMint’s infrastructure, Alchemy aims to simplify the process of onboarding users to Web3 applications, making it more accessible for a broader audience.

HeyMint’s track record of attracting over 1 million users and facilitating significant NFT sales for major brands underscores its value as an acquisition target. The launchpad’s success in supporting the Web3 efforts of companies like The Sandbox, Universal Music Group, and Ubisoft, as well as its role in facilitating NFT sales for the Partnership for Central America, demonstrates its potential to drive growth and innovation in the NFT market.

With the addition of HeyMint’s infrastructure, Alchemy is well-positioned to expand its offerings and attract more users to its platform. The acquisition of Dexter Lab earlier this month further highlights Alchemy’s commitment to enhancing its data infrastructure and real-time capabilities, which are crucial for supporting the growing demand for Web3 applications.

Overall, the acquisition of HeyMint by Alchemy represents a significant development in the crypto industry, as it seeks to simplify user onboarding and enhance its smart wallet infrastructure. This move is likely to drive further innovation and growth in the NFT market, as Alchemy leverages HeyMint’s infrastructure to support the Web3 efforts of major brands and attract more users to its platform.