Web3 developer platform Alchemy has acquired HeyMint, a California-based non-fungible token (NFT) launchpad, in a move aimed at enhancing the company's smart wallet infrastructure.
According to information disclosed by the company on May 23, the undisclosed acquisition will integrate HeyMint's infrastructure into Alchemy to streamline the user onboarding process for Web3 applications. As part of the deal, HeyMint's co-founder and CTO Flor Ronsmans De Vry will join the Alchemy team.
Although not a household name in the cryptocurrency space, HeyMint has attracted over 1 million users in its first two years of operation. The platform has facilitated $38 million in NFT sales and supported Web3 project development for well-known brands including The Sandbox, Universal Music Group, and Ubisoft.
In 2023, HeyMint provided NFT sales services for a Central American partnership that includes a private sector alliance featuring Mastercard.
The acquisition of HeyMint is the second financing deal completed by Alchemy this month. The company also recently acquired Dexter Lab for an undisclosed amount, a provider of real-time data infrastructure for Solana.
2025 is shaping up to be a more active year for cryptocurrency mergers and acquisitions (M&A), especially in the U.S., where regulatory clarity and supportive administration are facilitating deal-making.
In recent weeks, a series of high-profile transactions have emerged, including Robinhood's $179 million acquisition of Canadian digital asset operator WonderFi and Coinbase's $2.9 billion acquisition of Deribit. Coinbase CEO Brian Armstrong stated that the cryptocurrency exchange is exploring more M&A opportunities.
One of the largest acquisitions was completed in April when Ripple acquired prime broker Hidden Road for $1.25 billion—according to the payment company, this deal will expand its business scope in institutional finance.
In addition to M&A, cryptocurrency venture capital funding is also on the rise. PitchBook data shows that while the number of deals decreased last quarter, the total investment amount has more than doubled compared to the same period last year.
Related: Washington makes progress in cryptocurrency: Stablecoin and blockchain bills show regulatory momentum
Original article: “Alchemy Acquires No-Code NFT Launchpad HeyMint for Undisclosed Amount”
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