| Founded | 2017 |
|---|---|
| Closed | 2023 |
| Country | USA |
| Sector | Web3 |
| Total raised | 565 |
| Collapse type | Mass Layoff Spiral |
| Founder | Nikil Viswanathan |
Alchemy
"The AWS of Web3 — raised at $10.2B then laid off as the Web3 developer market contracted"
Cascading layoffs that accelerated the decline
Key Events Timeline
Alchemy built the most-used Web3 developer platform — API infrastructure for blockchain applications used by OpenSea, Aave, and thousands of dApps.
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