Alchemy Acquires HeyMint to Boost Web3 Wallet Innovation

2 mins mins

Key Points:

Alchemy acquires HeyMint, focuses on expanding smart wallet development.
Aligns tools for non-technical Web3 users.
HeyMint team joins Alchemy to expand NFT capabilities.

Alchemy finalizes its acquisition of HeyMint, an NFT issuance platform, on April 30.

This acquisition signals an enhanced focus on developing user-friendly Web3 solutions, potentially impacting onboarding processes in crypto spaces.

Alchemy Integrates HeyMint for Broadened Wallet Services

Alchemy announced the acquisition of HeyMint, finalized on April 30. The core team from HeyMint, known for no-code NFT tools on Ethereum, will join Alchemy’s team to develop smart wallet products, aiming to simplify Web3 onboarding for non-technical users.

The acquisition allows Alchemy to integrate HeyMint’s user-friendly NFT tools with its expanding smart wallet ecosystem, enhancing developer and user engagement through streamlined onboarding processes. The collaboration will focus on reaching broader audiences in the Web3 space effectively.

“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. Together, we will continue to improve and evolve Alchemy’s Smart Wallets.” – Joe Lau, Co-founder & President, Alchemy

HeyMint’s Impact: Historical Insights and Market Reactions

Did you know? Alchemy’s previous acquisition of ChainShot in 2022 boosted its educational resources, paving the way for seamless integration of HeyMint’s onboarding solutions.

According to CoinMarketCap, Ethereum (ETH) is currently priced at $2,552.52 with a market cap of $308.16 billion. ETH’s 24-hour trading volume decreased by 57.72% to $12.91 billion. ETH’s value declined 0.34% in the last 24 hours but gained 44.67% over 30 days.

ethereum-daily-chart-309 — Ethereum(ETH), daily chart, screenshot on CoinMarketCap at 19:51 UTC on May 24, 2025. *Source: CoinMarketCap*

Coincu research highlights how Alchemy’s incorporation of HeyMint could influence market methodologies. Technologically, the ease of NFT creation might prompt increased interest and activity in the Ethereum Layer 2 ecosystem, subtly altering power balances in the Web3 infrastructure space.