Alchemy, a blockchain data provider, has made its first purchase, acquiring ChainShot, an educational Web3 platform, for an undisclosed sum.
The company said in a blog post that with the purchase, it wanted to make another step toward free access to high-quality web3 education. Alchemy said:
"ChainShot began as a hackathon project at ETH Denver in 2018 and has built an impressive and loyal user base who consistently make waves in the web3 ecosystem upon graduation."
As part of the integration process, Alchemy will make free all course content, which previously cost up to $3,000. It remains to be seen how the San Francisco-based company will monetize its new purchase.
In December 2021, Alchemy launched Alchemy Ventures, an investment arm focused on backing decentralized finance (DeFi) and Web3 products. Prior to that move, the company raised $250 million in a Series C funding led by Andreessen Horowitz.
