Alchemy, a cryptocurrency back-end firm, is expanding its free services in an effort to entice more coders into the blockchain development space.
The infrastructure startup, which helps crypto companies read and write data from blockchains, stated that the move is intended to make it easier for new developers to break into the industry, whether they are building decentralized finance (DeFi) portals or non-fungible token (NFT) marketplaces.
According to Paul Almasi, Alchemy’s head of growth, projects should be able to “unfold at a higher velocity” with easier access to developer services.
In the long run, those free-tier customers may end up expanding and paying Alchemy more. That’s what happened with early clients OpenSea and CryptoPunks, according to a press release from Alchemy.
According to the company, on-platform developer activity increased 500% in the months following its last free-tier expansion in January. The new, much larger increase is expected to boost activity even more.