Alchemy has acquired Bware Labs, a Romania-based blockchain infrastructure platform and application programming interface (API) services provider. Alchemy announced the acquisition on Aug. 29, emphasizing Bware Labs’ growth trajectory and suite of blockchain infrastructure and API services that will enhance Alchemy’s product roadmap.

Expansion into Europe

According to Alchemy, acquiring Romania-based Bware Labs facilitates Alchemy’s expansion into Europe. The company’s presence in Europe, which leads in crypto regulation through its MiCA rules, also provides a pathway to enter other markets. Europe is a growing force in the web3 market, with a talent pool that Alchemy can tap into via Bware Labs’ footprint.

While Alchemy will take over Bware’s business, the deal is not expected to impact the customers of either company. Operations will continue as usual for Bware’s Blast API and blockchain validator businesses, with integration into Alchemy’s product suite set to occur in the coming months.

INFRA Token

Notably, Alchemy will not take over the INFRA protocol. The INFRA token powers the Bware ecosystem, including the Blast staking protocol. The token is available on the Ethereum, Avalanche, and MultiversX blockchains, with a total supply of 100 million and a current circulating supply of over 4.4 million.

The proxy that sends API requests to the protocol has been deprecated. If you participated in the testnet, the related tokens will continue to vest, but you may cease your participation in the protocol as there will not be further rewards.

Bware Labs mentioned that its team will be stepping away from its role as the protocol’s core contributor.

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