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

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. Alchemy plans to fund the grants initiative out of pocket in order to control the allocation of funds. Beyond providing capital to developers building Web3 projects, Alchemy has additionally invested in educational platforms Web3 U and The Road to Web3.