The Web3 development platform Alchemy has acquired the California-based non-fungible token (NFT) platform HeyMint to strengthen its smart wallet infrastructure.
This undisclosed amount acquisition allows HeyMint's infrastructure to be embedded in Alchemy, aimed at simplifying user onboarding for Web3 applications. HeyMint's co-founder and CTO Flor Ronsmans De Vry will join Alchemy.
Although HeyMint is not well-known in the crypto space, it attracted over 1 million users in its first two years, driving $38 million in NFT sales and supporting Web3 projects for major brands including The Sandbox, Universal Music Group, and Ubisoft.
In 2023, HeyMint facilitated NFT sales for private sector alliances in Central America, including Mastercard.
This is Alchemy's second acquisition this month, having previously acquired Solana ecosystem company Dexter Lab for an undisclosed amount.
Cryptocurrency merger and acquisition activities are heating up.
In 2025, cryptocurrency merger and acquisition activities are particularly active in the U.S., as clear regulations and supportive government measures encourage more transactions.
In recent weeks, high-profile mergers and acquisitions have been frequent, including Robinhood's $179 million acquisition of Canadian digital asset operator WonderFi and Coinbase's $2.9 billion acquisition of Deribit. Coinbase CEO Brian Armstrong stated they are looking at more acquisition opportunities.
In April, Ripple acquired major broker Hidden Road for $1.25 billion, aiming to expand its business in the institutional finance sector.
In addition to mergers and acquisitions, venture capital funding is also on the rise. According to PitchBook data, the number of transactions fell last quarter, but the total investment doubled compared to the same period last year.
