Alchemy acquires HeyMint, its second deal this month after Dexter Lab, to boost innovative wallet tools and expand NFT launch capabilities.
HeyMint, a California-based non-fungible token (NFT) launchpad, has been acquired by Web3 developer platform Alchemy to improve the company’s smart wallet infrastructure.
HeyMint disclosed on May 23 that it will integrate its infrastructure with Alchemy to streamline user enrollment for Web3 applications as part of an undisclosed funding agreement.
Flor Ronsmans De Vry, HeyMint’s co-founder and chief technology officer, will join Alchemy as part of the agreement.
HeyMint, despite not being a well-known name in the crypto industry, drew in over one million consumers during its initial two years of operation.
It catalyzed $38 million in NFT sales and bolstered the Web3 initiatives of prominent brands, such as Universal Music Group, Ubisoft, and The Sandbox.
HeyMint facilitated NFT transactions for the Partnership for Central America in 2023, a private-sector coalition that included Mastercard.
Alchemy has secured its second funding transaction of the month by acquiring HeyMint.
Dexter Lab, a provider of real-time data infrastructure for Solana, was acquired by the company for an undisclosed sum.
Activity Of Crypto Mergers, Acquisitions Is Intensifying
2025 is anticipated to be a more active year for crypto mergers and acquisitions (M&As), particularly in the United States, where a pro-industry administration and regulatory clarity are fostering dealmaking.
In recent weeks, there has been a surge in high-profile transactions, such as Robinhood’s acquisition of Canadian digital asset operator WonderFi for $179 million and Coinbase’s acquisition of Deribit for $2.9 billion.
Brian Armstrong, the CEO of Coinbase, stated that the cryptocurrency exchange is considering additional mergers and acquisitions.
Ripple completed one of its most significant acquisitions in April by purchasing prime brokerage Hidden Road for $1.25 billion.
The payments company stated that this transaction would broaden its reach in the institutional finance sector.
In addition to mergers and acquisitions, there has been an increase in the financing of crypto venture capital.
The value of investments has more than doubled compared to a year ago, according to PitchBook data, despite a decrease in the number of deals in the last quarter.
