Blockchain Developer Alchemy Buys BWare, Pushing Into Europe, Adding About 25% to Staff

As a crypto investor, I learned yesterday that Alchemy made a significant acquisition, marking their largest one yet. The specific purchase price remains undisclosed, but according to company officials who spoke with CoinDesk, this move brings on board no less than 41 skilled developers and engineers from the Bware team. With this addition, Alchemy’s workforce expands to a robust total of 190 individuals.

In the year 2021, Bware Labs, a startup, emerged in Romania, initiated by five skilled engineers. Their declared mission is to deliver cost-effective blockchain resources and tools tailored for developers working within the realm of web3.

Through this acquisition, Alchemy is planning to broaden its operational presence to encompass Europe. At present, most of its activities are centered around the United States, with its primary offices based in San Francisco and New York City.

In a conversation with CoinDesk, Alchemy’s co-founder and CTO, Joseph Lau, revealed that the Bware team would collaborate with Alchemy’s current product teams. Their role will involve enhancing Alchemy’s fundamental infrastructure products, such as their node API platform.

Lau stated, “The EU makes up around a fourth of the Web3 market, making it even more crucial for us to establish ourselves here as we grow. We aim to improve services for developers and expand our team, which is why we’re keen to have a presence in the EU.”