Alchemy, a blockchain startup, focuses on building developers' tools to help them become more productive and focus more on actual product development. The blockchain startup boasts some of the most influential artists in the 21st century among its investors, which include the likes of Jay-Z and Will Smith. The startup raised $15 million in Series A funding round in 2019.
The startup announced its new product, called Alchemy Build suite, which consists of debugging and search tools and promises to reduce the amount of time spent by developers on issues not related to the actual product.
The suite primarily consists of 4 tools, which include an explorer to help developers quickly locate the bugs and errors in the system, a composer to help developers create prototypes, a visualizer to find stuck transactions, and a debugger.
Alchemy a Big Hit Among Ethereum Based Product Makers
Alchemy is relatively unknown for the amount of work and collaboration it has seen since its inception. Alchemy's platform is actively used by Ethereum based products and Dapps developers for developing the infrastructure of their products. Its client list includes the famous gaming dApp CryptoKitties, Binance Wallet, and Opera Web Platform.
Nikil Viswanathan, the co-founder of Alchemy, believes their latest product in the form of a Build suite would enhance and help developers to create a better product in less time. He said:
“Ultimately, this means that…developers [can] build products faster, which means that the users get more products, and more innovation in the blockchain space happens overall.”
The startup's goal has been to remove the hurdles in the path of developers, and many firms who have partnered or used Alchemy's tools are a testament to that.
The digital asset marketplace Ethereum-based, OpenSea, has also used Alchemy's tool for building on resonated the same. Devin Finzer, the CEO of OpenSera said:
“Alchemy Build has been crucial in helping us build and debug our global marketplace.”
Pantera Capital, one of the leading investors during the Series A funding round, applauded the progress that the startup has made since its beginning. Paul Veradittakit, a partner, said:
“Alchemy Build is improving the lives of Ethereum developers by leaps and bounds, helping drive the ecosystem towards its potential.”