Alchemy Partners With Mad Banana Union In Industry’s First Payments of NFTs to Node Provider

Alchemy Partners With Mad Banana Union In Industry’s First Payments of NFTs to Node Provider

Authors:Paul Almasi

Reviewed by Brady Werkheiser

Published on October 26, 20213 min read

Mad Banana Union becomes Alchemy’s first partner to provide payment in NFTs, revealing a growing commitment to the NFT space across the infrastructure industry.

On January 25th, 2021, Alchemy became the first Web3 infrastructure provider to accept crypto payments — a move that served to legitimize the cryptocurrency industry even further.

Today, on August 16th, 2021, Alchemy is again redefining what’s possible in the industry by becoming the first provider to accept NFTs from Mad Banana Union & other customers as sufficient payments for infrastructure.

By doing so, Alchemy is committing to NFTs as legitimate transfers of value, a belief that the company has held since its very inception. Alchemy is proud to power a majority of the largest NFT innovators from their very inception, with the company powering OpenSea, CryptoKitties, CryptoPunks, NBA Topshot, Dapper Lab’s, Axie Infinity, and now, Mad Banana Union.

“It was an easy decision to accept NFTs as payments on Alchemy’s side. We have a strong belief that NFTs are a true store of value and that the market will continue to grow at a rapid pace. Together with Mad Banana Union, we are innovating — and look to set a new standard of what’s possible for infrastructure providers in Web3”

— Paul Payam Amasi, Co-Creator of Alchemy Amplify

Traditionally, NFT customers for Alchemy have struggled with their unit economics as the NFT model of a “drop” is where the majority of compute unit traffic comes from. With accepting NFTs as payments, Alchemy is here to provide a sustainable business model for its NFT customers.

Alchemy looks to continue to help grow the NFT space by accepting NFTs as payment from promising projects and is excited to open up this payment option to many of its existing & new customers in the future.

More on Mad Banana Union & their commitment to Alchemy

Mad Banana Union NFTs are a unique digital collection of diverse and “mad” NFTs that have been individually designed, each with their own unique features. Holders of a Mad Banana NFT also get access to unique merch, private competitions, and inclusion in a token-holder exclusive club. The Mad Bananas are planned to drop on August 17th, 2021.

Mad Banana Union chose Alchemy as their Ethereum node provider due to Alchemy’s Ethereum Supernode API, which grants the Mad Banana Union team access to industry-leading reliability and scalability, a must for a project that expects rapid adoption of their product.

“Alchemy is essentially the key piece that holds the entire project together, allowing us to provide for our community a convenient way to mint their Mad Bananas”

— Ahmed Ben Neji, Co-Founder of Mad Banana Union

As the leader in node infrastructure for Ethereum, Alchemy is excited to add Mad Banana Union as a partner, with hopes to develop the partnership even further after the initial release of the Mad Bananas. By working closely with the Mad Banana team, Alchemy is able to help them build a pleasant user experience on launch, with certified up-time and reliability, ensuring their launch goes smoothly. On top of that, the Mad Banana team gets access to Alchemy’s world-class support, who helped orchestrate the payments of NFTs between the two companies.

Alchemy is glad to support Mad Banana Union as they aim to create a new community that will help legitimize NFTs even further.

About Mad Bananas Union

Mad Banana Union is a community-driven NFT project with a collection of 6969 uniquely generated NFTs. Each one is thoughtfully designed, specifically picked, and impeccably shaped. The project is set to launch on August 17th, 2021. You can find more information on the Mad Bananas & mint your own on launch date at: https://madbananaunion.com.

About Alchemy

Alchemy provides the leading blockchain development platform powering millions of users for 99% of countries worldwide. Our mission is to provide developers with the fundamental building blocks they need to create the future of technology and lower the barrier to entry for developers to build blockchain applications. Alchemy currently powers 70% of the top Ethereum applications and over $30 billion in on-chain transactions and has been featured on TechCrunch, Wired, Bloomberg, and numerous other media outlets. The Alchemy team draws from decades of deep expertise in massively scalable infrastructure, AI, and blockchain from leadership roles at technology pioneers like Google, Microsoft, Facebook, Stanford, and MIT.

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