With this acquisition, CoinGecko plans to integrate Zash’s nft data into its application programming interface (API) by the second quarter of next year.
CoinGecko, a major cryptocurrency data tracking company, acquired Zash, an on-chain data analytics company that provides insights into non-fungible token (nft) metadata across multiple platforms.
According to a advertisement On November 22, the acquisition aligns with CoinGecko’s vision of becoming a central hub for cryptocurrency-related information and providing users with a more comprehensive data set.
“This acquisition aligns with our commitment and dedication to delivering exceptional value to the crypto community, starting with a unified offering of nft tokens and market data,” said TM Lee, CEO and co-founder of CoinGecko.
CoinGecko to add support for Zash next year
With this acquisition, CoinGecko plans to integrate Zash’s nft data into its application programming interface (API) by the second quarter of next year. The move aims to give users access to a variety of nft-related information directly on CoinGecko, solidifying the company’s position as the go-to platform for all crypto data.
Following the successful addition of endpoints on CoinGecko, front-end users of CoinGecko’s web and mobile app will also be able to access on-chain nft data via the nft floor price tracker next year.
The crypto data aggregator plans to offer the following services to its huge user base: enterprise-grade indexed nft data, nft metadata, and historical trading on ethereum, Polygon, Binance Smart Chain, bitcoin Ordinals, and Solana. The company will also provide nft lending data indexing Blend, X2Y2, and Wash transaction detection offerings for major collections on the ethereum blockchain.
As an nft data aggregator, Zash was founded by Parit Patel and Efe Surekli in 2021 and the company is based in London and operates as an on-chain nft data analytics company that collects information from over 1 million diverse nft collections. and several markets.
Zash’s offerings also include detailed information on nft metadata, historical transactions, lending activities, and the identification of large-scale laundering operations. The startup has coverage on 87 blockchain networks, including ethereum and Solana.
“We celebrate what Zash has built and warmly welcome the team to CoinGecko. Looking ahead, we are committed to a smooth transition and will continually improve your crypto data API experience with us,” CoinGecko wrote.
NFTs will continue to evolve
While CoinGecko did not disclose the financial aspect of the acquisition, Zash co-founder Parit said the company is a better home to preserve the legacy it has built up over the years.
Parit also believes that NFTs are still in their early stages and will continue to evolve to unlock new use cases around the world.
“We believe NFTs will continue to evolve and unlock new use cases globally, creating value for businesses and consumers. We anticipate that our nft data infrastructure, well positioned on CoinGecko, will play a critical and impactful role in shaping the future of this industry,” Parit said.
The company’s acquisition comes at a time when interest in NFTs has waned due to the crypto winter of 2022, which affected the entire industry, with bitcoin (btc) hitting a low of around $15,000 after its all-time high. of almost $70,000 in the last bull run. .
Like Parit, CoinGecko co-founder and COO Bobby Ong is also optimistic about the future of NFTs, noting that digital artworks will once again regain investor interest.
“We have the vision that any asset that can be tokenized will be tokenized. We believe NFTs will continue to innovate beyond PFPs and GameFi and unlock new opportunities and use cases around the world. For that reason, we are optimistic about the resurgence of the nft market,” Ong nft-startup” target=”_blank” rel=”nofollow noopener”>said Cointelegraph.
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