Alchemy Launches $25M Developer Grant Program to Fund Web3 Pro | Shiba|Defi|Nft|Meta

Alchemy Launches $25M Developer Grant Program to Fund Web3 Projects

Alchemy sees the crypto downturn as a good opportunity to support new developers entering the space.

Blockchain developer platform Alchemy is launching a $25 million grant program to support Web3 developers and startups. Applications for up to $50,000 in funds open Monday, and funds will be issued in mid-July.

With the recent collapse in crypto prices causing many companies to lay off workers and scale back projects, Alchemy sees the slump as a time for Web3 projects to flourish.