Blockchain development platform Alchemy has announced the acquisition of HeyMint, a California-based no-code NFT launch platform, as a significant step to fortify its Web3 infrastructure. By incorporating HeyMint’s extensive feature set and skilled staff, the strategic acquisition seeks to improve Alchemy’s Smart Wallet technology and onboarding tools.
Flor Ronsmans De Vry, CTO and co-founder of HeyMint, will join Alchemy as part of the agreement, contributing significant experience to the expanding ecosystem of the business.
Elevating Wallet Functionality and NFT Tools
Alchemy’s Smart Wallet, which was introduced earlier this year, uses flexible authentication and gasless transactions to make Web3 access easier to use. Alchemy hopes to increase security and cost-effectiveness while streamlining NFT creation and distribution by integrating HeyMint’s tools.
Over 40,000 creators and one million users have already benefited from HeyMint’s assistance in generating $38 million in NFT sales. According to reports, their cost-cutting features helped creators save over $29 million in launch-related costs and $9 million on allowlists.
Multi-Chain Expansion and Developer Support
Alchemy’s larger plan to enable multi-chain functionality across the main Layer 2 Ethereum networks—Arbitrum, Base, Optimism, and Polygon—includes the acquisition. Both developers and users will benefit from increased access and scalability made possible by this cross-chain integration.
In order to increase its technological advantage and attract developers from a variety of blockchain environments, Alchemy also intends to keep improving its Smart Wallet by incorporating HeyMint’s intuitive features.
A Sign of Growing Web3 M&A Momentum
A growing trend of strategic mergers and acquisitions in the Web3 space, propelled by improved regulatory clarity and advantageous developments in U.S. policy, is reflected in Alchemy’s acquisition of HeyMint.
Other notable recent deals include Robinhood’s $179 million acquisition of WonderFi and Ripple’s $1.25 billion acquisition of Hidden Road. According to PitchBook, while the number of venture capital deals is shrinking, overall funding volume has more than doubled year-on-year, highlighting a shift toward larger, capability-driven acquisitions.
Paving the Way for Broader Adoption
Alchemy is stepping up its efforts to streamline Web3 onboarding and encourage the widespread use of decentralized technologies with the HeyMint acquisition. Alchemy is establishing itself as a pioneer in the upcoming stage of blockchain innovation by incorporating state-of-the-art NFT tools and enhancing wallet functionality.
