Alchemy acquires Romanian Web3 infrastructure company Bware Labs

Alchemy has acquired Bware Labs, the Romania-based start-up blockchain infrastructure platform and application programming interface services provider.

Web3 infrastructure platform Alchemy disclosed the acquisition in an announcement on Aug. 29, highlighting Bware Labs’ growth trajectory and suite of blockchain infrastructure and API services as additions that will help Alchemy execute on its product roadmap.

According to Alchemy’s announcement, Bware is one of the fastest growing and highest quality providers of blockchain infrastructure and API services. They’re a natural complement to our existing products and services, and the perfect team to help us execute on our product roadmap.

Alchemy announcement posted:

“We’re excited to announce that Alchemy has acquired Bware Labs, uniting two powerhouses in onchain infrastructure!

As developers know, reliable infrastructure and robust APIs are crucial for successful blockchain projects. We’re thrilled to be doubling down on our mission to deliver top-tier RPC services focused on speed, reliability, low cost, and global low latency.

Looking ahead: In the coming months, we’ll be integrating Bware’s services into the Alchemy ecosystem, ensuring a seamless experience. Plus, we’re expanding our European presence – bringing innovation closer to developers around the world. This is more than an acquisition; it’s a giant leap for onchain development

According to Alchemy, acquiring Romania-based Bware provides a path towards Alchemy’s expansion into Europe. The company’s presence in Europe, which leads in the overall regulation of crypto via its MiCA rules, also offers the pathway to entry into other markets.

Europe is also a growing force in the web3 market, with a talent pool that Alchemy can tap into via the Bware Labs footprint, the firm added.

While Alchemy will take over Bware’s business, the expectation is that the deal will not impact respective companies’ customers. Operations will continue as normal for Bware’s Blast API and blockchain validator businesses, with integration into Alchemy’s product suite set to occur in the coming months.

According to Alchemy’s announcement, the transaction means that Bware’s Blast API and Blockchain Validator businesses will continue to operate as they were, and will be integrated into Alchemy’s product suite over the coming months. Also, Alchemy will not be taking over the $INFRA protocol or associated $INFRA token. 

photo credits: Alchemy