CEO Of Blockchain Platform Alchemy Explains Why NFTs Are Not Just A Fad Under30Summit ForbesUnder30
and Amazon provided entryways for people to explore and create online. Alchemy’s success has come by making blockchain technology easy to use.
“We said, if we are in the right place at the right time, we can do the same thing for blockchain. So we enable blockchain products. So pretty much every NFT in the world, the majority of decentralized finance, a huge chunk of labs, we power the back-end tech behind that,” Nikil Viswanathan, CEO and cofounder of Alchemy, told an audience at FORBES’ Under 30 Summit in Detroit today.
A platform often referred to as blockchain’s Amazon Web Services, Alchemy allows users - even noncoders - to write and read information onto blockchains like Ethereum, for instance. Viswanathan co-founded the company with Joseph Lau when the world of blockchain experienced a shift back in 2017 and expanded beyond cryptocurrencies. The San Francisco-based firm is on pace to bring in an estimated $20 million in revenue this year.
“When you look at the big shifts in technology, there's the computer, there's the Internet, and now there's blockchain, each one fundamentally gives you these new building blocks,” says Viswanathan. “What the computer said was, ‘machines can follow human instructions,’ then the internet comes along and says, ‘okay, machines can now exchange information between each other,’ then blockchain comes along and says, ‘machines can exchange value.
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