Alchemy acquires Romania-based Web3 infrastructure firm Bware Labs

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

Web3 infrastructure platform Alchemy announced the acquisition in an announcement on August 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.

Expansion path towards Europe

According to Alchemy, acquiring Romania-based Bware provides a path for Alchemy to expand into Europe. As a leader in the general regulation of cryptocurrencies through MiCA rules, the company’s presence in Europe also provides a path to enter other markets.

The company added that Europe is also a growing force in the web3 market, with a talent pool that Alchemy can tap into through Bware Labs.

While Alchemy will be acquiring Bware’s business, the deal is not expected to impact either company’s customers. Bware’s Blast API and blockchain validator businesses will continue operations as normal, with integration into Alchemy’s suite of products planned to occur in the coming months.

INFRA token

Notably, Alchemy says it will not be taking over the INFRA protocol. The INFRA token powers the Bware ecosystem, including the Blast staking protocol.

The token is available on the Ethereum (ETH), Avalanche (AVAX), and MultiversX (EGLD) blockchains, with a total supply of 100 million and a current circulating supply of over 4.4 million.

Bware said in its announcement that its team would be “stepping down” from its role as a core contributor to the protocol.

“The proxy that sends API requests for the protocol has been deprecated. If you participated in the testnet, the associated tokens will remain valid, but you can terminate your participation in the protocol as there will be no more rewards.”

Alchemy.