Deal brings NFT data infrastructure provider under its roof to solve fragmented data problem for developers, traders, and researchers
• Crypto data provider CoinGecko acquired NFT infrastructure firm Zash to unify offerings.
• Deal aims to solve fragmented data problem for developers, traders, researchers navigating multiple APIs.
• CoinGecko can better serve customers needing comprehensive insights.
Unified Data Ecosystem
Crypto data provider CoinGecko has acquired NFT infrastructure company Zash to solve digital asset data space fragmentation.
CoinGecko co-founder Bobby Ong said navigating multiple APIs for a comprehensive view of crypto and NFT trends causes inefficiencies in developers, traders, and researchers.
By purchasing Zash, launched in 2021, CoinGecko aims to provide a one-stop data solution covering fungible and non-fungible tokens. Terms of the deal were not disclosed.
CoinGecko and Zash Unite
Ong said Zash tracks NFT metadata, historical trades, and lending data across 87+ marketplaces – offering more NFT coverage than alternatives. It also monitors for price manipulation via wash trades.
CoinGecko plans to incorporate Zash’s NFT data capabilities into its API product by Q2 2024, maintaining Zash’s existing service agreements.
CoinGecko’s Vision for the Future
The acquisition represents a consolidation play in the fragmented crypto data ecosystem. By unifying data tools under one roof, CoinGecko hopes to serve better customers who must stitch together disparate APIs today.
The deal marks a stepping stone toward CoinGecko’s vision of a comprehensive platform offering unmatched insights across digital assets.
Crypto developers, traders, and researchers stand to benefit from streamlined access to both fungible and non-fungible on-chain trends in one unified portal.
