With this acquisition, Treehouse would hope to integrate Origins’ technology into its product portfolio.
Treehouse, a Singapore-based Web 3.0 data company, has announced the acquisition of non-fungible token (nft) analytics platform Origins. According to the nft-analytics-301976150.html” target=”_blank” rel=”nofollow noopener”>advertisementThe deal is part of Treehouse’s efforts to bolster its nft product offering.
Treehouse will leverage Origins technology
Origins originally offers nft-based data analytics using both on-chain and off-chain data. Their software helps both nft traders, protocols, and professional gaming studios make informed decisions about trading and collecting.
Therefore, with this acquisition, Treehouse hopes to integrate Origins’ technology into its product portfolio. This means its customers can now have access to some popular Origins tools, such as AlphaStream, a live nft wallet notification system, and nft Analytics Bots, a command-generated nft market analysis.
In a statement, Treehouse CEO Brandon Goh expressed the company’s excitement about the acquisition. He noted that the deal coming at a time like the present only further demonstrates Treehouse’s commitment to Web 3.0 analytics. The statement reads in part:
“Despite the bear market, Treehouse is expanding and actively seeking to acquire synergistic businesses.”
Goh also added that the acquisition deal is very strategic because it was decided with its customers in mind. He says Treehouse is committed to its customers, many of whom he knows are exposed to NFTs.
More mergers on the way
According to the company, the latest acquisition is one of many others that will follow soon. It currently has a very solid balance sheet and is already reflecting on possible mergers and acquisitions (M&A) opportunities, the company says.
Meanwhile, all M&A efforts appear to be geared toward its goal of becoming “the most comprehensive digital asset analytics platform.”
In 2021, the company raised $18 million in a seed round involving leading companies and venture capital (VC) investors. The round included the likes of Lightspeed, MassMutual, Binance, Mirana, LeadBlock, Jump, GSR, Wintermute, and many more.
Treehouse did not disclose the financial implications of the Origins acquisition deal. However, you will hope that it paves the way to delve deeper into the world of NFTs.
next
Mayowa is a writer and cryptocurrency enthusiast whose conversational nature is quite evident in his writing style. He strongly believes in the potential of digital assets and takes every opportunity to reiterate this. He is a reader, a researcher, an astute speaker and also a budding entrepreneur. However, away from cryptocurrencies, Mayowa’s favorite distractions include football or discussing world politics.
!function(f,b,e,v,n,t,s)
{if(f.fbq)return;n=f.fbq=function(){n.callMethod?
n.callMethod.apply(n,arguments):n.queue.push(arguments)};
if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version=’2.0′;
n.queue=();t=b.createElement(e);t.async=!0;
t.src=v;s=b.getElementsByTagName(e)(0);
s.parentNode.insertBefore(t,s)}(window, document,’script’,
‘https://connect.facebook.net/en_US/fbevents.js’);
fbq(‘init’, ‘846189260537157’);
fbq(‘track’, ‘PageView’);
