Alchemy Expands Web3 Infrastructure with Acquisition of Bware

IconCryptoNewsTerminal Staff29 Aug, 2024

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Alchemy Expands Web3 Infrastructure with Acquisition of Bware

Alchemy, a leading Web3 development platform, has further strengthened its infrastructure offerings by acquiring Bware, a renowned blockchain infrastructure provider. This strategic move, reported by The Block, reinforces Alchemy's commitment to providing comprehensive solutions for Web3 developers. Bware, headquartered in Romania, specializes in decentralized network management and tokenization. Its acquisition by Alchemy, following the earlier purchase of Satsuma, a Web3 data indexing platform, underscores Alchemy's commitment to delivering a comprehensive suite of tools to empower Web3 innovation. The financial terms of the acquisition remain confidential, and it's noteworthy that Bware's decentralized network and token are not part of the deal. This acquisition positions Alchemy as a dominant player in the Web3 infrastructure landscape and further propels its mission to accelerate the adoption and development of blockchain technologies.

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