Alchemy
Alchemy: Developer tooling resource for Web3 infrastructure, APIs, and builders.
ABAB Structured Brief
Alchemy is indexed in ABAB Crypto Map under Developer Tools. This page keeps the official site, category, tags, and related ABAB coverage together as a searchable crypto project profile. Official domain: alchemy.com.
Related News & Analysis
Sacramento Kings owner Chris Kelly: Bitcoin, Scarce Sports Assets, and the New Paradigm of Tokenization
1. Asset Allocation Philosophy: The "Dumbbell Strategy" of Bitcoin and Professional Sports Teams • Anti-inflation and Sovereign Hedge: Viewing Bitcoin as a core tool against the depreciation of fiat currency (Debasement). In the long cycle of global liquidity easing and excessive monetary issuance, digital native assets with non-sovereign attributes, decentralized consensus, and a hard cap on supply form an extremely solid global value storage anchor. • "Dumbbell" Balance of Physical and Digital Assets: • One end is decentralized digital assets (Bitcoin/Ethereum): highly liquid, borderless, accessible for settlement anytime and anywhere. • The other end is highly centralized physical scarce assets (professional sports franchises): characterized by strong illiquidity. This lack of short-term liquidity becomes a "protective mechanism" against panic selling, forcing capital to hold long-term across cycles and reap substantial asset appreciation. • Moat of Anti-Cyclical Attention: In an era of political polarization and information fragmentation, top sporting events remain a rare vehicle that can penetrate social layers and gather collective attention from society. This high-density emotional attachment and cultural debate endow franchises with a high psychological share (Mindshare) and pricing power. 2. Sacramento Kings: A Testing Ground for Tech Capital Transforming Traditional Sports • Countering External Capital Withdrawal: Years ago, a Seattle consortium (including Ballmer) attempted to acquire the Kings and relocate them from Sacramento, but Chris Kelly and other Silicon Valley tech-background shareholders successfully collaborated with local political and business forces to keep the team. Subsequently, Ballmer turned to acquire the Clippers, pushing the enterprise value of North American professional teams to a historic high. • "Full-Stack Technological" Transformation of the Arena: • The world's first LEED Platinum certified arena: Investment goes beyond the surface, delving into green energy and advanced building efficiency. • Embedded Tier 4 Data Center: The arena features a high-spec data center that not only supports the venue's digital interactions but also drives adjacent hotels, apartments, and commercial complexes, and directly engages in Ethereum network validation and mining practices early on. • "Real Estate + Commercial Complex" Provides Downside Protection: Acquiring a professional team is not just about buying a team but also holding real estate in the city's core area. Even if competitive performance fluctuates, the rental returns from hotels, apartments, and commercial real estate around the venue provide solid cash flow and risk hedging. 3. The Underlying Differentiation and Business Loop Behind the AI Computing Wave • Doubling of Giant CapEx and Commercial Validation: • Early market skepticism about tech giants (like Meta) significantly raising capital expenditures from $40 billion to $60 billion was alleviated when quarterly net profits reached $20 billion, showcasing the strong backing of such forward investments by solid balance sheets. • The core essence of giants lies in user growth analysis and the construction of top consumer-grade products. As versatile personal assistants (like Muse) are deployed, massive multidimensional data feeds back into high-level advertising precision targeting, rapidly closing the monetization loop. • The AI Efficiency Revolution and the Ultimate Gap in Human Brain Simulation: • The industry is currently striving to build giant AI computing centers with a scale of 1-2 GW, while the human brain processes highly intelligent and complex reasoning with only about 20 watts. • The theoretical demand for computing power is nearly infinite, but physical energy consumption has hard limits. Future breakthroughs in core technology will focus on brain science-inspired architectures to enhance computational efficiency and address black box illusions and explainability issues. • "Bidirectional Differentiation" of Model Commercialization Clientele: • First Type: Ordinary enterprises deeply bound to general cutting-edge models: As reasoning costs decline exponentially, although the price per token decreases, the frequency of calls experiences explosive growth, leading to astonishing net dollar retention rates (NDR) for leading foundational model providers. • Second Type: Professional institutions developing proprietary vertical models: Due to cost control and data privacy considerations, enterprises train their small models in specific business scenarios (like automated CFO financial systems), directly reducing computing costs by 97% and gradually breaking away from excessive reliance on general cutting-edge foundational models. 4. Blockchain Reconstruction in the Intelligent Era: Decentralized Trust Infrastructure • The Natural Network Base of AI Agent Swarms: • When autonomous agents can spontaneously collaborate, reproduce sub-instances, and execute unexpected strategies in complex networks, there must be an independent, traceable, and tamper-proof ledger to record the entire process. • Blockchain provides mechanisms for value settlement between machines, source tracing (verifying whether content is generated by humans, AI, or specific agents), and distributed auditing. • Primary Investment Layout in Hard Tech and Infrastructure Layer: • Alchemy: Positioning the core pipeline of RPC and node networks for Web3 developers. • Etched: Reinvesting in hardware ASIC chip innovation from seed rounds, solidifying dedicated computing hardware for specific Transformer architectures. • Zipline: Supporting autonomous drone logistics delivery, building critical aerial infrastructure connecting the physical world. 5. New Business Exploration: "Sports One" and Tokenization of Sports Asset Equity • Breaking the Exclusivity Barrier of Professional Sports: • Traditional professional sports franchises are only open to top billionaires and a few closed institutional funds, facing extremely lengthy league ethics and qualification reviews. • Ordinary investors and small family offices can hardly share in the appreciation of sports assets directly. • The Structured Operation Mechanism of "Sports One": • Asset Basket Construction: The initial plan anchors on acquiring minority stakes (3-5) in North America's four major leagues or top European football leagues, using this as a basis for tangible assets, providing a clear and transparent public valuation floor. • Dual Circulation Structure (Public Shell + Token): • Publicly Listed Company Stock (Public Equity): Merging with a public market shell company (Sono) to go public, targeting qualified institutions and large holders who prefer traditional securities markets. • On-chain Asset Tokens (Token): The company retains 10%-15% of token reserves, targeting ordinary fans and the general public, significantly lowering participation thresholds and establishing native ties with special team rights and ticketing experiences. • Empowerment Mechanism of Athlete Personal Tokens (Athlete Coins): • Leveraging the credit endorsement from the underlying franchise asset pool, it will further expand to support emerging athletes in issuing personal career development tokens in the future. • Fans can directly support early athletes' growth through investment, replacing traditional cold sports betting, establishing transparent economic benefit-sharing and fan community connection mechanisms.
David Frankel, Head of a Veteran Seed Fund, Deep Dive Interview: The Elimination Wave Behind the AI Frenzy, Valuation Discipline, and Exit Strategies
"The AI Boom Will Create Enormous Roadkill: Who Wins & Loses? David Frankel" (20VC with Harry Stebbings interview), here are the key points summarized. 1. AI Frenzy and the Inevitable Crash (Roadkill & Crash) • An adjustment is certain: This wave of AI is the biggest technological change experienced by this generation (surpassing the internet, SaaS, and mobile), but it will inevitably be accompanied by significant overheating and bubbles. • High elimination rate (Roadkill): Looking back over the past 25 years, there have been fewer than 100 sustainable companies in the U.S. with a market value over $10 billion. The vast majority of AI startups currently popular will become "roadkill" in the next 5-10 years, with over 95% failing to meet expectations. • Seed survival philosophy: Seed investors do not need to hit all the giants. Since the median market value of top companies is around $2.6 billion, holding 5% equity in quality companies early on is sufficient to return the fund, even if the company exits for hundreds of millions to over $2 billion. 2. Evolution of the Seed Stage and Valuation Traps • Sky-high Seed rounds and "insurance policy" strategy: • In the face of super Seed rounds of $8-10 million and valuations often in the tens of millions, Founder Collective rarely leads the entire amount but adopts a side-by-side investment strategy, betting $500,000 to $1 million. • Smart founders view these veteran seed funds as "insurance policies"—leveraging their brand and patience to guard against the risk of larger funds abandoning investment before reaching $10 million ARR. • Abandoning uncapped SAFEs: Uncapped SAFEs and high valuations disrupt the mathematical logic of seed rounds (mean reversion and multiple expansion). However, in the case of extremely scarce founders, exceptions may be made to support. • Framework and missed opportunities (FOMO): Adhering to venture capital discipline (such as maintaining post-money valuation caps and requiring appropriate ratios) may lead to missing out on some $10 billion opportunities (like 11 Labs, Klaviyo, etc.), but the framework is fundamental to protecting the fund from collapse over multiple cycles. 3. Founder Character and Partner "Alchemy" • The golden combination of CEO and CTO: The preferred co-founder structure is "technical wizard (CTO) + strong sales and leadership entrepreneur (CEO)." • Founder's learning curve: The CEO's key task is to quickly transition from "doing technology/products" to "building teams and recruiting top talent (bums on seats)." Outstanding CEOs will dedicate at least 30%-50% of their energy to talent recruitment long-term. • Deeply rooted "Nepo Babies" in vertical fields: Preference for founders who have been immersed in a specific vertical industry (like family pharmacies, HVAC mechanical engineering, audio technology) from a young age, possessing deep "native insights (Edge)" into industry pain points. 4. SaaS Dilemma, Suno Phenomenon, and Exit Mechanisms (Secondary & DPI) • SaaS killers and the "last 5% barrier": • The market is overly concerned about AI consuming traditional SaaS (SaaS Apocalypse), but deeply embedded software that carries core business flows (like contracts, pharmaceutical R&D, supply chains) has strong resistance to replacement. • For companies that are extremely embedded, the market may misjudge; for lightly embedded software, replacement by AI efficiency tools is an irreversible trend. • The consumer-level explosion of Suno: The rapid emergence of AI music/audio generation tools like Suno is unprecedented. Its core essence is the consumer experience and product interface (similar to how Spotify replaced traditional records), with the underlying large model being invisibly encapsulated for users. • Secondary market (Secondary Market) and DPI priority: • Current secondary market liquidity has reached historical highs. For mature top projects, appropriately discounting 20%-25% of equity in the secondary market to lock in DPI (distributed profits) is much wiser than waiting for an IPO and lock-up period 5-6 years later. • Emphasizing that venture capital funds should not blindly pursue inflated TVPI (paper returns), "velocity of cash" and real DPI are the hard truths for the longevity of funds. 5. Macro Trends, Hardware Reconstruction, and Future Super Waves • Rise of Physical AI: Future giants will emerge from deeply embedding AI into highly commoditized hardware and physical entities (like drones, security, medical devices). • Photonic computing disrupts computing power: Predicting that in the next 10 years, photonic chips will completely replace traditional electronic chips and transmission, solving the massive energy consumption bottleneck of data centers, and may even pose a fundamental physical-level disruption to existing chip giants (like NVIDIA). • The duel of the giants: China and the U.S. will become the only two AI superpowers globally. China is rapidly advancing in foundational photonic/energy research, biomedicine restrictions, and open-source ecosystems, which should not be underestimated.
Ethereum Co-founder Vitalik Buterin: Node Synchronization Takes Half a Day
...ts and hosted RPCs remain the default entry points. Infura, Alchemy, self-built RPCs, and wallet vendors sell usability; local nodes sell verification and privacy. Funds are flowing back from pay-per-request centralized ...
BitMine Chairman Tom Lee: Crypto Stocks Lead Bull Market
...ply, and is about 121,000 ETH short of its publicly stated "alchemy of 5%" target; valued at around $2,688, this ETH holding is approximately $16.1 billion, with about $13.6 billion staked, corresponding to about 5.07 mi...
Binance CZ: BNB Ecosystem is Open, Not a Closed Garden
...of real-world assets. Its launch partners included Uniswap, Alchemy, BitGo, and Chainlink, with products covering 24-hour stock token trading across over 120 jurisdictions, as well as a stablecoin lending product, Robinh...
a16z Medical Partner Julie Yoo: Poor Experience at Physical Pharmacies
...ment, and experience, with a portfolio that includes AKASA, Alchemy, Ambience, Hippocratic AI, Sprinter Health, and Turquoise Health. Previously, she co-founded Kyruus and served as Chief Product Officer, leading the pla...