Quick take:
- Dubbed the “Everyone Onchain Fund,” it is being launched to support mainstream Web3 adoption amid the surge in rollup adoption and smart wallets.
- Teams will receive up to $10,000 in gas credits and $20,000 in compute credits alongside enterprise-grade rollup infrastructure.
- At launch, the fund will be available for projects based on the OP Stack and Arbitrum Orbit ecosystems.
Alchemy has launched the “Everyone Onchain Fund”, a developer fund established to accelerate the Web3 mainstream and institutional adoption. The blockchain development platform said Tuesday that the fund targets developers building on Alchemy Rollups and Account Kit by providing vital startup resources for rollup deployment and user onboarding.
According to the announcement shared with NFTgators, Teams will receive up to $10,000 in gas credits and $20,000 in compute credits alongside enterprise-grade rollup infrastructure with the fund initially set to support OP Stack and Arbitrum Orbit ecosystems-based projects.
Commenting on the announcement, Nikil Viswanathan, co-founder and CEO of Alchemy said in a statement: “As the ecosystem evolves, we’re seeing incredible momentum — from Polymarket’s breakthrough to World’s global reach. Creating this fund was a no-brainer for us. It’s a direct response to what builders have told us they need to succeed on-chain.”
As part of the support, projects will also receive Alchemy’s smart wallet integration for free, which Alchemy claims could save them as much as $40k in infrastructure costs, by eliminating common friction points like the need for seed phrases and external wallet pop-ups.
Steven Smith, VP of Protocol and Applied Research at Tools for Humanity, a contributor to World Network, one of the early adopters of Alchemy’s integrated solutions commented: “We want the relationship between Alchemy and World Chain to be a model that the public can look to when thinking about how the industry supports each other. I think we’ve accomplished that so far, and we’re excited to keep innovating together.”
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