The Web3 Developer Platform Alchemi has acquired the California-based non-fungble token (NFT) launching hemint in a step designed to enhance the company’s smart wallet infrastructure.
In the undisclosed funding deal, the infrastructure of the hemint will be seen embedded within the alchemy as it attempts to simplify user onboarding for web 3 applications, the company revealed on 23 May. Hemint’s co-founder and Chief Technology Officer, Floor Ronsman D. Vree, includes Alchemi as part of the deal.
Despite not having a domestic name in Crypto, Hemint attracted more than 1 million users in its first two years of operation. It was a launchpad behind $ 38 million in NFT sales and supported the web 3 attempts of major brands, which included SandboxUniversal Music Group and Ubisoft.
In 2023, Hemint featured NFT sales for the partnership for Central America, a private sector alliance consisting of MasterCard.
Hemint acquisition is the second funding deal of alchemy this month. The company recently acquired a real -time data infrastructure provider Dexter Lab for Solana for an unknown amount.
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Crypto merger, acquisitions are heating up
2025 Crypto is giving shape to be a more active year for merger and acquisition (M&AS), especially in the United States, where there are regulatory clarity and pro -industry administration Encourage the deal,
High-profile deals have been in a hurry in recent weeks, including Robinhood acquisition $ 179 million for Canadian Digital Asset Operator Wonderfi and Acquisition of $ 2.9 billion deribit of coinbaseCoinbase CEO Brian Armstrong said that he has a crypto exchange Ever watching more M&A opportunities,
One of the biggest acquisitions was completed in April when Ripple bought Prime Brokerage Hidden Road For $ 1.25 billion – the payment company said a deal that would expand its horizon within institutional finance.
Beyond M&AS, Crypto Venture Capital Funding is also increasing. Pitchbook data detected Whereas, the number of deals declined in the previous quarter, more than double the price of investment compared to a year ago.
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