Alchemy Acquires NFT Launchpad HeyMint To Accelerate Smart Wallet Development

Web3 developer Alchemy has announced the acquisition of NFT launchpad HeyMint, the startup behind the web3 initiatives employed by MasterCard, Ubisoft and many more.

According to a press release sent to crypto.news, the blockchain infrastructure designer aims to accelerate the development of its smart wallets solution through its latest acquisition.

By bringing the HeyMint and HeyMint Quest teams into the fold, the firm hopes to expand its developer support, simplify integrations and further expand on developing the project’s Smart Wallet solutions. Alchemy hopes to one day turn Smart Wallets into the default way for onboarding new users into the web3 space.

According to data from analytics site BundleBear, Alchemy (ACH) is currently the number one smart wallet in the ERC-4337 ecosystem, having deployed more than 13 million smart wallets.

Through the integration of HeyMint into Alchemy’s corporate structure, HeyMint’s co-founder and CTO, Flor Ronsmans De Vry and other members of the HeyMint team will join the company.

De Vry is known in the crypto space as a renowned web3 developer who also established the U.K.-based blockchain automation company Fuse Robotics. The HeyMint co-founder is prepared to contribute SDK knowledge and years of experience in scaling critical blockchain applications.

“Joining Alchemy gives us the scale and reach to take that vision further — and make secure, user-first onboarding available to every developer and project,” said De Vry in his statement.

De Vry founded the NFT-focused startup alongside Mai Akiyoshi and Ben Yu. With more than 1 million users, HeyMint is known for creating various tools that require no coding experience. Over 40,000 creators have used HeyMint’s tools, generating around $38 million in combined NFT sales.

Not only that, the team has also helped support a number of web3 initiatives for major companies, including Mastercard, Ubisoft, Universal Music Group, and The Sandbox.

President and co-founder of Alchemy, Joe Lau, said that the company is looking forward to onboarding the HeyMint team. He hopes the integration will help to improve and accelerate innovation for the firm’s smart wallets.

“HeyMint’s focus on creating the most accessible and user-friendly experience aligns perfectly with Alchemy’s vision of onboarding the next generation of users and technology companies to web3, and we are excited to welcome their team into ours,” said Lau.