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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."
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.
Danny Nelson
Danny was CoinDesk's managing editor for Data & Tokens. He formerly ran investigations for the Tufts Daily. At CoinDesk, his beats include (but are not limited to): federal policy, regulation, securities law, exchanges, the Solana ecosystem, smart money doing dumb things, dumb money doing smart things and tungsten cubes. He owns BTC, ETH and SOL tokens, as well as the LinksDAO NFT.
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