Malaysian crypto startup CoinGecko introduced their acquisition of London-based Non-Fungible Token (NFT) data infrastructure and intelligence firm Zash on Wednesday (November 22).
This strategic acquisition is geared toward increasing CoinGecko’s cryptocurrency choices, solidifying its place because the go-to data aggregator for each fungible and non-fungible tokens.
Zash was first established by CEO Parit Patel and CTO Efe Surekli in 2021 at Entrepreneur First, and has rapidly develop into a key participant within the NFT house. Protecting 87 distinctive marketplaces on Ethereum, Polygon, Binance Good Chain, Solana, and Bitcoin Ordinals, Zash supplies enterprise-grade, listed NFT data.
TM Lee, CEO and co-founder of CoinGecko, stated that the acquisition aligns with their dedication and dedication to delivering worth to the crypto group with a unified token and NFT market data providing.
After evaluating all present NFT data suppliers within the house, Zash stands out as unparalleled. Inside
three years, they’ve constructed a exceptional product with probably the most complete NFT data protection out there, and commercialised with prime tier shoppers with a lean staff.– TM Lee, CEO and co-founder of CoinGecko
Zash’s curated datasets and composable Software Programming Interface (API), identified for enabling the speedy growth of advanced blockchain data functions, have attracted notable Web3 tasks like NFTfi, Metaversal, and Metaquants (now often known as Astaria). These tasks, which depend on Zash’s data, will now develop into a part of CoinGecko’s increasing consumer base.
Parit Patel, CEO of Zash, expressed pleasure in regards to the acquisition, stating in a media statement that CoinGecko is the perfect house to protect the legacy of what they’ve constructed.
We consider that NFTs will proceed to evolve and unlock new use instances globally, creating worth for corporations and customers. We foresee our NFT data infrastructure — well-positioned at CoinGecko —enjoying a pivotal and impactful position in shaping the business’s future.
– Parit Patel, CEO and co-founder of Zash
Wanting forward, CoinGecko plans to combine Zash’s NFT data into its API providing by the second quarter of 2024, offering customers with a seamless expertise to entry each fungible and non-fungible token data. Moreover, the data can be step by step integrated into CoinGecko’s present NFT flooring worth tracker within the coming yr.
Featured Picture Credit score: Bobby Ong’s X profile