In a strategic move aimed at improving its smart wallet system, the Web3 development platform Alchemy has taken over HeyMint, a California-based platform specializing in the launch of non-fungible tokens (NFTs), also known as NFT launchpad.
The secret financing agreement will integrate HeyMint’s framework into Alchemy, aiming to streamline user registration for Web3 applications, as announced on May 23. In accordance with this arrangement, Flor Ronsmans De Vry, co-founder and CTO of HeyMint, is now part of Alchemy.
Despite being relatively unknown in the crypto world, HeyMint managed to amass over 1 million users within its first two years of operation. It facilitated over $38 million worth of NFT sales and aided the Web3 initiatives of notable brands such as The Sandbox, Universal Music Group, and Ubisoft.
2023 saw HeyMint serving as the platform for Non-Fungible Token (NFT) transactions for the Private Sector Coalition for Central America, which encompassed Mastercard among its members.
This month, the HeyMint purchase marks Alchemy’s second investment deal. Earlier, they acquired Dexter Labs, a supplier of real-time data infrastructure on the Solana platform, though the exact sum wasn’t disclosed.
Crypto mergers, acquisitions are heating up
As a researcher immersed in the dynamic world of cryptocurrencies, I am observing with great interest that 2025 seems to be poised for an upsurge in mergers and acquisitions (M&As) within the crypto sector, particularly in the United States. This surge is largely fueled by the increasing regulatory clarity and a pro-crypto administration, which are creating an environment conducive to dealmaking.
In the past few weeks, there’s been a lot of significant transactions involving prominent companies. For instance, Robinhood bought a Canadian digital asset company called WonderFi for $179 million, and Coinbase spent $2.9 billion on Deribit. Brian Armstrong, CEO of Coinbase, mentioned that they are looking for more opportunities to merge with other businesses in the crypto space.
In April, one significant acquisition took place as Ripple bought the prime brokerage firm, Hidden Road, for $1.25 billion. This transaction, according to Ripple, will broaden their reach in the institutional financial sector.
In addition to Mergers and Acquisitions, cryptocurrency venture capital funding has shown significant growth. According to PitchBook’s data, even though the number of transactions dropped in the last quarter, the worth of these investments nearly doubled compared to the same period a year ago.
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2025-05-23 19:21