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Alchemy, the start-up powering Adobe's NFT effort, sees valuation skyrocket as digital collectibles go mainstream
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Start-up Alchemy is benefiting as more companies try to future-proof their businesses by adapting their technologies to the blockchain and through digital collectibles.
The San Francisco-based company announced a $250 million funding round on Thursday, boosting its valuation to $3.5 billion. The Series C financing, led by Andreessen Horowitz, marks a sevenfold increase in Alchemy's valuation from April.
Alchemy acts as a middleman between blockchain, the technology made famous by bitcoin, and
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