CoinGecko, a leading independent cryptocurrency data aggregator, recently announced the acquisition of Zash.
This strategic move is intended to augment CoinGecko’s cryptocurrency services by incorporating Zash’s nft information into its API, offering users a holistic view of fungible and non-fungible tokens.
CoinGecko announces acquisition of Zash
CoinGecko Announced Earlier this week the strategic purchase of Zash, a leader in the nft data infrastructure and intelligence space, was announced. The acquisition of Zash will enable the seamless integration of fungible and nft data, which aligns with CoinGecko’s dedication to trusted cryptocurrency data, advancing its goal of powering a decentralized future.
In his announcement, TM Lee, CEO and co-founder of CoinGecko, stated:
“After evaluating all existing nft data providers, Zash stands out as unmatched.” (…) This acquisition aligns with our commitment to offering exceptional value to the crypto community,” said Lee.
Parit Patel, Co-Founder and CEO of Zash, expressed his excitement about the acquisition, stating, “We are delighted to complete the sale to CoinGecko, a perfect fit for Zash’s legacy.”
“We believe NFTs will continue to evolve and create value globally. Positioned with CoinGecko, our data infrastructure will play a crucial role in shaping the future of the industry.” he further stated.
CoinGecko plans to integrate Zash nft data into its API
CoinGecko has ambitious plans to incorporate Zash nft data into its API by Q2 2024. This integration will encompass enterprise-grade indexed nft data from various blockchain ecosystems.
It will also provide complete nft metadata, historical trading information, and indexing of nft lending data from platforms such as Blend, X2Y2, and NFTfi. CoinGecko will also introduce wash trade detection for major collections on the ethereum blockchain.
Looking ahead, CoinGecko aims to further enhance its service offering by integrating Zash’s nft data infrastructure into its existing nft floor price tracker.
Founded in 2021 by CEO Parit Patel and CTO Efe Surekli, Zash quickly established a strong presence in the nft space. Zash distinguishes itself by offering enterprise-grade indexed nft data on several blockchain networks, including ethereum, Polygon, Binance Smart Chain, Solana, and bitcoin Ordinals.
This coverage encompasses nft metadata, historical transactions, lending data, and advanced features such as detecting sophisticated wash operations through proprietary algorithms.
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