Alchemy valued at £2.5bn following Series C funding led by a16z


Alchemy, a leading infrastructure provider for blockchain and Web3 developers, has raised £183 million in its Series C funding round, bringing its valuation to £2.56 billion.

The round was led by venture capital firm a16z, with Lightspeed and Redpoint also joining as new investors. Existing investors Coatue, DFJ, and Pantera also participated with additional investment.

The company, which compares its role in blockchain and Web3 development to Amazon Web Services’...

Twitter working on ‘Collectible’ tab for users to showcase their NFTs

Twitter App

Twitter is working on a ‘Collectible’ tab that will allow users to show off their non-fungible token (NFT) collections.

The tab will connect to Twitter users’ crypto wallets on platforms such as Coinbase and MetaMask, hosting a gallery of all owned NFTs on their Twitter profile.

Users will even be able to set an NFT as their profile picture that is verified by a small badge, confirming the token’s legitimacy. An early concept video of the proposed tab was first...

How blockchain can accelerate the United Nations’ most sustainable development goals

The United Nations (UN) Sustainable Development Goals (SDGs) are becoming increasingly relevant in today’s world. The desire to both do good and do well is driving so many types of organisations and individuals to play their parts. Governments, impact investors, individual donors, high-net-worth philanthropists, foundations, non-profits, social enterprises and even many for-profit corporations have upped their game in improving society and the environment.

It is heartening to...

Umbria partners with Polygon to support development of DeFi protocol

Umbria Network, a decentralised finance (DeFi) platform on the Ethereum blockchain, has announced it will be building its applications on the Polygon network.

Polygon, formerly known as Matic, provides scalable, secure, and instant Ethereum transactions using plasma side chains and a proof-of-stake (PoS) network. It is one of the most active layer-two Ethereum scaling solutions in existence today.

Its developer support program is designed to help developers...

Northern Data and Canaan collaborate on blockchain and AI development

Blockchain solutions and datacenter provider, Northern Data has announced its cooperation with Canaan, a blockchain technology firm, in order to bring development in the area of artificial Intelligence, blockchain technology and data centre operations.

Integrating Canaan's expertise in the fields of AI chip development and ASIC hardware with Northern Data's initiatives in data centre and blockchain infrastructure at scale will offer both firms a solid bedrock to develop and...

Enjin announces launch of game development platform on Ethereum

Blockchain development platform Enjin has announced the launch of its latest initiative: a game development platform on Ethereum.

The platform will enable potentially millions of developers to integrate crypto assets into games and apps with no knowledge of writing blockchain code. According to the company, the Enjin Platform allows game engineers to take advantage of decentralised inventory, to integrate blockchain-based gaming and non-gaming assets, and to manage economic game...

China blockchain investments fell sharply in 2019 – but hope for ‘healthier development’ ahead

China’s blockchain startups saw cumulative funding to the tune of just under $3.5 billion in 2019, according to a new report.

The study, from Xinhua Finance and Rhino Data, found that a total of 245 investments had taken place with a total figure of approximately 24 billion yuan ($3.48bn, £2.66bn). The volume of investments, as well as the money raised, represent a roughly 50% decrease from 2018. The report notes hope for healthier development in 2020 with more rational capital...

Report finds nearly $700m in cumulative funding invested into energy blockchain development since 2015

A new report from Navigant Research states that 236 vendors, 254 projects and nearly $700m in cumulative funding has been invested into energy blockchain development since 2015 across five global regions.

Johnathon de Villier, research analyst with Navigant Research, said: “Key findings from our analysis highlight the shift in focus away from transactive energy (TE) and peer-to-peer electricity trading toward pragmatic use cases with shorter maturity horizons and proven business...