Alchemy acquires no-code NFT launchpad HeyMint for undisclosed amount

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HeyMint is Alchemy’s 2nd acquisition this month, joining the precocious announced Solana ecosystem institution Dexter Lab.

Alchemy acquires no-code NFT launchpad HeyMint for undisclosed amount

Web3 developer level Alchemy has acquired HeyMint, a California-based non-fungible token (NFT) launchpad, successful a determination designed to heighten the company’s astute wallet infrastructure.

The undisclosed backing woody volition spot HeyMint’s infrastructure embedded wrong Alchemy arsenic it seeks to simplify idiosyncratic onboarding for Web3 applications, the institution disclosed connected May 23. HeyMint’s co-founder and main exertion officer, Flor Ronsmans De Vry, joins Alchemy arsenic portion of the deal.

While not a household sanction successful crypto, HeyMint attracted much than 1 cardinal users implicit its archetypal 2 years of operations. It was the launchpad down $38 cardinal successful NFT income and supported the Web3 efforts of large brands, including The Sandbox, Universal Music Group and Ubisoft.

In 2023, HeyMint facilitated NFT income for the Partnership for Central America, a backstage assemblage conjugation that included Mastercard.

The HeyMint acquisition is Alchemy’s 2nd backing woody this month. The institution precocious acquired Dexter Lab, a real-time information infrastructure supplier for Solana, for an undisclosed amount.

Crypto mergers, acquisitions are heating up

2025 is shaping up to beryllium a much progressive twelvemonth for crypto mergers and acquisitions (M&As), particularly successful the United States, wherever regulatory clarity and a pro-industry medication are encouraging dealmaking.

There has been a flurry of high-profile deals successful caller weeks, including Robinhood’s acquisition of Canadian integer plus relation WonderFi for $179 cardinal and Coinbase’s $2.9 cardinal acquisition of Deribit. Coinbase CEO Brian Armstrong said his crypto speech is eyeing much M&A opportunities.

One of the biggest acquisitions was completed successful April erstwhile Ripple purchased premier brokerage Hidden Road for $1.25 cardinal — a woody the payments institution said would grow its horizons wrong organization finance.

Beyond M&As, crypto task superior backing has besides been connected the rise. PitchBook information revealed that, portion the fig of deals declined past quarter, the worth of investments much than doubled compared to a twelvemonth earlier.