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Alchemy raises $80M at a $505M valuation to be the ‘AWS for blockchain’

TechCrunch

Blockchain developer platform Alchemy announced today it has raised $80 million in a Series B round of funding led by Coatue and Addition, Lee Fixel’s new fund. S econd, the startup says it also already powering the majority of the NFT industry. For inside players, Alchemy’s efforts are paving the way for the whole industry. .

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‘AWS for blockchain’ Alchemy boosts valuation to $3.5B with $250M raise

TechCrunch

Exactly six months after raising $80 million at a $505 million valuation, blockchain and Web3 development SaaS startup Alchemy has raised $250 million in a Series C funding round that values the company at $3.5 For one, it represents one of a16z’s largest Web3/blockchain investments to date. In June, the firm revealed its $2.2

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Aztec Network takes on encrypted blockchains with $100M round led by a16z

TechCrunch

Encrypted blockchains provide transparency for the protocol but privacy for the users, so people aren’t required to show their identities when transacting, Williamson said. We chose [a16z] to lead the round because they’ve been through this before with the dawn of the internet,” Andrews said.

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Blockchain: Distributed Shared Ledger Technology in Banking

Hacker Earth Developers Blog

Over 90% of the world’s leading banks are either exploring, experimenting (PoCs), or formulating a strategy for leveraging blockchain technology, says an Accenture survey. Since its inception ten years ago, there has been plenty of hype around blockchain. An overview of Blockchain in Business Process Management (BPM).

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2025 Middle East tech trends: How CIOs will drive innovation with AI

CIO

Several industries in the Middle East are set to experience significant digital transformation in the coming years. As AI and ML technologies evolve, they will unlock new levels of efficiency, accessibility, and personalization across industries. As digital transformation accelerates, so do the risks associated with cybersecurity.

Trends 158
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NFTs could bridge video games and the fashion industry

TechCrunch

Non-fungible tokens (NFTs) offer new ways for consumers to collect, wear and trade fashion online, and now that most fashion shows have scaled back or gone virtual , they may become an important tool for the industry. This will be seen as the next chapter of digital art history.

Fashion 357
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ADIB-Egypt announces 1 billion EGP digital transformation plan

CIO

From the launch of its mobile banking app in 2020 to the enhancement of its internet banking services, ADIB-Egypt has consistently focused on providing convenient, secure, and user-friendly digital banking solutions. For ADIB-Egypt, the investment in technology is not just about keeping up with industry trendsits about leading the way.