CandleFocus Alchemy Pay plans to launch its own layer-1 blockchain
2024-12-11
Author: Content Editor
Crypto payments provider Alchemy Pay is set to launch its own layer-1 blockchain called Alchemy Chain, built on the Solana Virtual Machine architecture. The blockchain will offer a payment system allowing users to transact with both fiat and crypto, and will integrate a layer-2 solution. Alchemy Chain plans to tap into the popularity of meme-based projects through a meme launchpad and Telegram bot. The announcement of the project has caused a significant spike in the price of Alchemy Pay's token, ACH. Other platforms, such as Coinbase, Chiliz, and Kraken, have also recently announced plans to launch their own layer-1 and layer-2 chains.
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