Alchemy: A Startup Known As ‘The Microsoft Of Blockchain’

The blockchain infrastructure startup Alchemy is viral in the blockchain news today and this month, after garnering tons of investments from multiple notable mainstream entities. These include Stanford University and many leaders from other top businesses.

Basically, Alchemy is a startup that is focused on providing blockchain infrastructure as well as many other tools for developers. It managed to amass $15 million in contributions recently. These are coming from influential mainstream business leaders including Yahoo’s co-founder Jerry Yang, LinkedIn’s co-founder Reid Hoffman and many others, according to reports from Bloomberg.

Many media outlets are trying to get a comment from Alchemy in the latest crypto news, but there are no responses as of press time. However, the reports on Bloomberg showed that the financial powerhouse Charles Schwab also has a place on the list of entities which invested in Alchemy as part of its Series A funding.

Meanwhile, Alchemy joins a number of brick and mortar companies which aim at helping outfit the interested parties with blockchain technology. These include Amazon Web Services (AWS), Oracle and many others.

However, what’s really interesting is that Alchemy was described by many as the “Microsoft in the blockchain space.” According to Stanford alumni Nikil Viswanathan and Joe Lau, the two co-founders behind the startup have high hopes for their blockchain project when it comes to adoption. As Viswanathan told Bloomberg:

“We want to be the Microsoft for blockchain.”

Lau, on the other hand, spoke about the lack of computer usage during the technology’s early days and compared the situation to the one of blockchain technology at present.

“In the ’70s and ’80s only researchers used computers and today everyone uses a computer,” Lau told Bloomberg.

Blockchain startups are getting more and more mainstream and their stock and financing options are viral nowadays. Besides Alchemy, we have reported about a separate gathering of Stanford Alumni and the building of a crypto network that harnessed smartphones. This network rallied with over 500,000 participants as of the September 17 brief.

Now that Alchemy is fully financed for its first round, we can expect many positive things coming from the startup. Hopefully, the two co-founders will live up to their promise of Alchemy becoming a pioneer in the space.