Singapore-based Web3 Data Firm Treehouse Expands NFT Offering with Acquisition of Origins
Singapore-based Web3 data firm Treehouse has acquired Origins, an NFT analytics platform, to enhance its NFT product offering. Origins Analytics provides data analysis for NFTs using both on-chain and off-chain data. The founding team of Origins, which raised $4 million last year, will join Treehouse as part of the acquisition.
Services Offered
The acquisition will enable Treehouse to offer various services, including an algorithmically tagged NFT wallet notification system, NFT analytics bots, and an NFT wallet profiling API. The financial details of the acquisition deal have not been disclosed.
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Treehouse’s Funding and Future Plans
In 2021, Treehouse raised $18 million in a seed round from investors such as Lightspeed, MassMutual, Binance, Mirana, LeadBlock, Jump, GSR, and Wintermute. The company is currently considering the possibility of additional mergers and acquisitions.
CEO Statement
“Treehouse is excited to enter the field of NFT analytics,” said Brandon Goh, CEO of Treehouse. “Despite the bear market, Treehouse is expanding and actively seeking synergistic businesses.”
Hot Take: Treehouse Expands into NFT Analytics with Origins Acquisition
Singapore-based Web3 data firm Treehouse has made a strategic move into the world of non-fungible tokens (NFTs) by acquiring Origins, an NFT analytics platform. With this intellectual property acquisition, Treehouse aims to enhance its NFT product offering and provide services such as an algorithmically tagged NFT wallet notification system and NFT analytics bots. By merging with Origins, Treehouse gains access to valuable on-chain and off-chain data analysis for NFTs. This acquisition follows Treehouse’s successful seed funding round of $18 million and demonstrates the company’s commitment to expansion despite market conditions. With a focus on synergistic businesses, Treehouse is positioning itself as a key player in the emerging NFT market.
