Alchemy Acquires NFT Launchpad with 1 Million Users
Alchemy, a developer platform for Web3, has acquired HeyMint, a California-based non-fungible token (NFT) launchpad, aiming to improve its smart wallet infrastructure.
The details of the undisclosed funding deal indicate that HeyMint’s infrastructure will be integrated into Alchemy, simplifying user onboarding for Web3 applications, as announced on May 23. Flor Ronsmans De Vry, co-founder and chief technology officer of HeyMint, will join Alchemy as part of this transaction.
Although not widely known in the crypto space, HeyMint garnered over 1 million users within its initial two years of operation. It served as the launchpad for $38 million in NFT sales and assisted significant brands like The Sandbox, Universal Music Group, and Ubisoft in their Web3 initiatives.
In 2023, HeyMint facilitated NFT sales for the Partnership for Central America, a coalition from the private sector that included Mastercard.
This acquisition marks Alchemy’s second funding deal this month. The company also acquired Dexter Lab, a real-time data infrastructure provider for Solana, for an undisclosed amount.
Related: VC Roundup: 8-figure funding deals suggest crypto bull market far from over
Crypto mergers and acquisitions on the rise
The year 2025 is anticipated to see increased activity in crypto mergers and acquisitions (M&As), especially in the United States, where regulatory clarity and a pro-industry administration are fostering deal-making.
A series of high-profile deals have occurred recently, including Robinhood’s acquisition of Canadian digital asset operator WonderFi for $179 million, along with Coinbase’s $2.9 billion acquisition of Deribit. Coinbase CEO Brian Armstrong has indicated that the crypto exchange is seeking additional M&A opportunities.
One of the most significant acquisitions was completed in April when Ripple acquired prime brokerage Hidden Road for $1.25 billion — a transaction that the payments company stated would broaden its reach in institutional finance.
In addition to M&As, crypto venture capital funding has also seen a resurgence. According to PitchBook data, while the number of deals decreased last quarter, the value of investments more than doubled from a year prior.
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