Coingecko Acquires Zash
The largest independent cryptocurrency data aggregator, CoinGecko, has acquired Zash, a leading provider of data infrastructure and intelligence for non-fungible tokens (NFTs). The terms of the deal were not disclosed.
By the second quarter of next year, CoinGecko aims to integrate Zash’s NFT data into its platform, solidifying its position as a one-stop shop for cryptocurrency statistics.
This strategic move aligns with CoinGecko’s mission to provide the crypto community with accurate and reliable data. The acquisition will allow customers to access data from various blockchain networks, including Ethereum, Polygon, BNB Chain, Bitcoin Ordinals, and Solana.
Zash’s Role in the Acquisition
Zash has been at the forefront of providing NFT statistics on multiple blockchains, addressing the lack of trustworthy data specifically for NFTs. With their expertise, users will have access to NFT loan data from various marketplaces and metadata, enhancing their understanding of the crypto market.
“We’re thrilled to complete the sale to CoinGecko – we can think of no better home to preserve the legacy of what we’ve built, than the outstanding brand CoinGecko has developed in the cryptocurrency space,” Zash founder and CEO Parit Patel said in a statement.
Supported by prominent figures such as John Collison and Reid Hoffman, Zash transitioned from developing social investing software to focusing on NFT data, attracting the attention of investors like Cogitent Ventures and WWVentures.
CoinGecko’s Strategic Approach
After Binance’s acquisition of CoinMarketCap in 2020, CoinGecko has strategically positioned itself for potential acquisitions. Their measured and cautious approach demonstrates a commitment to thorough assessments and long-term strategies, reflecting their dedication to the overall business plan.
Hot Take: CoinGecko’s Acquisition of Zash Aims to Enhance NFT Data Accessibility
CoinGecko’s acquisition of Zash underscores its commitment to providing the crypto community with comprehensive and reliable data. With the integration of Zash’s NFT statistics, CoinGecko aims to bolster its platform and offer users access to a wide range of blockchain data, including NFT loan data and metadata. This strategic move positions CoinGecko as a leader in the cryptocurrency statistics space, catering to the evolving needs of crypto enthusiasts and investors.
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