Alchemy Acquires ChainShot to Accelerate Free Web3 Programs Campaign

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Quick take:

  • Alchemy acquired ChainShot for an undisclosed amount.
  • The blockchain infrastructure platform wants to offer free educational programs on Web3.
  • ChainShot’s programs previously cost learners up to $3,000.

Alchemy announced its acquisition of ChainShot. The blockchain infrastructure platform will integrate its newly acquired product to offer free Web3 educational programs to the masses.

ChainShot is a leading provider of blockchain-related courses, which cost learners up to $3,000. They will be offered for free to those looking to learn more about Ethereum and all things crypto.

Alchemy did not disclose the value of the acquisition.

ChainShot was founded in 2018 as a hackathon event, where developers compete to show off their coding skills. It has since become one of the most dedicated platforms for teaching web3.

“As far as next steps go, our goal is to make the integration of ChainShot’s programs and ours as smooth and seamless as possible for students. We’re still figuring out how the pieces will fit together, but one thing is certain: all ChainShot course content that previously cost over $3,000 will be 100% free,” Alchemy write in a blog published on its website.

Alchemy believes ChainShot will provide a perfect complement to its own Web3 educational programs offered by Web3U and Road to Web3 platforms.

Much like ChainShot, the Web3U and Road To Web3 platforms have seen tremendous growth over the past 12 months, which Alchemy says indicates there is an increase in demand for learning how to build in Web3.

Web3 is generally described as the next generation of the Internet, which takes advantage of emerging technologies including blockchain, decentralized applications, artificial intelligence and augmented reality and virtual reality to facilitate the creation of the metaverse.

Several organizations have already pivoted to web3, either through acquisitions or organically by creating new units dedicated to the burgeoning industry.

According to Alchemy, enrollment on ChainShot has nearly tripled since January 2022 with “over 86% of students enrolling in the program through graduation, and over 50% gaining employment within 6 months after graduation.

OpenSea, OpenZeppelin, and Flashbots have been among the top recruiters of CoinShot graduates, while others have gone on to build their own blockchain businesses, the blog post reads.

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