Alchemy Acquires Web3 Educational Platform ChainShot to Onboard Developers

The Web3 developer backend has been steadily growing its educational resources over the past several months.

AccessTimeIconAug 25, 2022 at 4:12 p.m. UTC
Updated May 11, 2023 at 5:35 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global event for everything crypto, blockchain and Web3.Register Now

Developer backend Alchemy has acquired blockchain educational platform ChainShot to bolster its resources for bringing on and training Web3 builders, the company said Thursday in a blog post.

Alchemy did not disclose the valuation of the acquisition.

  • Bee Movie Script Buzzing on Ethereum; Robinhood Benefits From ‘Monster’ Crypto Cycle
    02:09
    Bee Movie Script Buzzing on Ethereum; Robinhood Benefits From ‘Monster’ Crypto Cycle
  • Would You Pay Your Taxes and DMV Fees With Crypto?
    00:59
    Would You Pay Your Taxes and DMV Fees With Crypto?
  • Major Ethereum Upgrade Goes Live on Second Testnet
    06:58
    Major Ethereum Upgrade Goes Live on Second Testnet
  • The Black Swan Event That Could Cause a Fork in Ethereum (Again)
    37:53
    The Black Swan Event That Could Cause a Fork in Ethereum (Again)
  • Elan Halpern, product manager at Alchemy, told CoinDesk that Alchemy’s mission to support Web3 developers is propelled through its acquisition of ChainShot, providing resources to improve their blockchain fluency. ChainShot, creator of an entry-level Ethereum builder bootcamp, will provide its educational framework to Alchemy users.

    Alchemy has been steadily growing its developer resources this year. After completing a $200 million Series C funding round in February, it created a $25 million grants fund for early-stage crypto projects; it also has a pair of education platforms of its own.

    “What we found was that [ChainShot] was the most comprehensive way for a developer to really level up and gain the skills they need to gain in order to either secure a job as an engineer in Web3, or start their own protocol or do something else in the space,” said Halpern.

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Cam Thompson

    Cam Thompson was a news reporter at CoinDesk.


    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.



    Read more about