What is Alchemy
Alchemy is a Web3 development platform which hosts a powerful set of web3 development tools to build and scale decentralized applications (dApps) with ease. It connects multiple different protocols with dApps in areas like NFTs, DeFi, Wallets, Gaming, Infrastructure & Tooling, and Web2. Some of the connected protocols are Ethereum, Solana, Optimism, Polygon, Arbitrum, Crypto.org, Starknet, and Astar.
The Alchemy platform has achieved $100+ Billion in on-chain transaction volume, $1.5 Billion in royalties to NFT creators, and garnered 10+ Million end users.
Grant size:
Up to 50,000 USD
Founded:
2017
Location:
San Francisco, California
Website:
www.alchemy.com
Alchemy Grants
Alchemy has a single grant program called WAGBI, which stands for “We’re All Gonna Build It”, consisting of a 25 million USD Developer Grant to support community developers building projects like DeFi protocols, NFT experiences, or any project that helps bring Web3 to the world. Each project may be eligible to receive up to $50,000 in credits. Grant format will be rewarded as credited compute units (CUs) on Alchemy’s developer platform.
The credits can be used to subscribe to the premium tiers of Alchemy’s developer platform. Grant winners will have the WAGBI grant applied to their account, which will automatically give access to Alchemy’s Growth Tier account ($49). The remaining amount of the monthly grant will be applied as a discount on the winner’s autoscale spend after the Growth Tier quota. For example, a winner with a $1k grant will have $49 applied to cover their Growth Tier fee and $951 to use in autoscale demand. More information can be found in the form of FAQs on the Alchemy WAGBI Grant webpage.
WAGBI Grants are for developers who are starting in web3 and are ready to begin building. Applications are now open and grants will be rolling out in early July 2023.
Application Process
The Alchemy WAGBI Grant can be applied to from the Alchemy WAGBI Grant webpage by completing a webform (7+ minutes) which asks the following information:
- First and Last Name
- Email Address
- Name of your Company or DAO
- Your Company / DAOs Twitter Handle
- Link to your Company / DAO Website
- Date you launched your project
- Amount of outside capital your Company / DAO has raised
- Describe your project, including mission and progress to date
- Upload a Deck (help review team to better understand the project)
- How you would use the WAGBI Grant from Alchemy and how it would help your Company or DAO
- Which Bockchains you plan to build on:
- Ethereum
- Arbitrum
- Optimism
- Polygon
- Starknet
- Solana
- Flow
- Crypto.org
- Other
- Which Alchemy products you’ll be using:
- Alchemy SDK
- Webhooks
- Enhanced APIs (NFT API, Transfers API, Token API, etc.)
- Supernode (RPC Endpoints)
- Websockets
- Other
- Your current infrastructure / RPC provider, and which solutions you use
- How much you spend with your current web3 infrastructure/RPC solution provider:
(Values in USD)
- $0 -$1000
- $1000-$10,000
- $10,000+
- My current bill is free!
- How you heard about Alchemy’s #WAGBI grant program
- By submitting your application you accept the terms and conditions of the Alchemy WAGBI Grant program:
- I accept
- I don’t accept
Additional info
Alchemy reserves the right to choose who is accepted into the program and how much is allocated. Alchemy reserves the right to terminate a user’s participation in the program at any time due in Alchemy’s sole discretion. Full Terms & Conditions can be found in a PDF document linked from the grants page.
Full eligibility requirements:
- Create an Alchemy account and link credit card
- Be a company/DAO formed within the last 2 years
- Have $2.5m or less in total funds raised
- Have a live website and be willing to add the Alchemy Certified Infrastructure badge to the homepage
- Commit to at least 1 co-marketing initiative annually with Alchemy
- Commit to a 2-yr contract with Alchemy