Alchemy aims to revolutionize the way people think about ownership of non-fungible assets. By creating a DAO based on ERC20 GovernorAlpha, it wraps any NFT into fungible and liquid tokens. Alchemy allows people to sell fractional ownership, create collective collections, and transform illiquid assets into liquid ones.
The Alchemy (ALCH) token is a standard ERC20 token with custom features that can be used as a governance token. This implementation follows the UNI token realization as a governance token.