Zash: A New Frontier in NFT Data
Zash, a startup founded in 2021 at Entrepreneur First, has quickly made a name for itself in the world of NFT data. Originally created as a social investing app verified by real on-chain and broker data, Zash pivoted to NFT data due to the lack of reliable and accurate blockchain data, specifically for NFTs. Today, Zash provides NFT data across 87 marketplaces on several blockchains, including Ethereum, Polygon, Solana, and Bitcoin Ordinals.
Industry Recognition
Zash’s work in the NFT data space has not gone unnoticed. TM Lee, co-founder and CEO of CoinGecko, praised Zash for its comprehensive NFT data coverage and its ability to commercialize with top-tier clients. As a result, CoinGecko has acquired Zash, and the Zash team will now be part of the CoinGecko family.
Acquisition Details
While the size of the Zash team remains undisclosed, it is known that the company was at a pre-seed funding round level in February of this year, where it raised an undisclosed amount from investors, including Cogitent Ventures and WWVentures. CoinGecko, founded in 2014, has now welcomed Zash’s team as part of this acquisition.
Industry Landscape
With this move, CoinGecko has positioned itself to compete with industry giants like CoinMarketCap, which was acquired by Binance in 2020 for around $400 million. Zash’s acquisition provides CoinGecko with a competitive edge in the NFT data space.
Hot Take: CoinGecko’s Strategic Move
The acquisition of Zash by CoinGecko marks a strategic move in the NFT data market. By integrating Zash’s expertise, CoinGecko is solidifying its position as a leading player in the industry. The comprehensive NFT data coverage provided by Zash will empower CoinGecko to better serve its users and clients, ultimately driving innovation and growth in the NFT space.
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