CoinGecko, a leading platform among independent cryptocurrency data aggregators, has announced the acquisition of Zash, a company specializing in NFT data infrastructure and intelligence. With this strategic acquisition, CoinGecko reinforces its commitment to providing reliable, accurate, and comprehensive cryptocurrency data, while also solidifying its position as a data collection and aggregation platform for coins/tokens and NFTs.
Zash stands out as a company offering enterprise-level NFT data indexed in 87 different markets on Ethereum, Polygon, Binance Smart Chain, Solana, and Bitcoin Ordinals. The company covers areas such as NFT metadata, transaction history, credit data, and utilizes specialized algorithms and advanced data science techniques to detect large-scale laundering operations.
TM Lee, CEO and co-founder of CoinGecko, highlighted the unique features of Zash, stating that the company has created a superior product with the most comprehensive NFT data coverage in the market. Lee emphasized that this acquisition aligns with CoinGecko’s dedication and commitment to providing all-in-one market data for coins/tokens and NFTs to the crypto community.
Zash’s data sets and customizable API enable projects to rapidly build complex blockchain data applications. Leading Web3 projects such as NFTfi, Metaversal, and Metaquants, based on Zash’s data, will be integrated into CoinGecko’s customer base. CoinGecko plans to include Zash’s NFT data in its API offering and provide seamless access to coins/tokens and NFT data to users by the second quarter of 2024. The data will also be integrated into CoinGecko’s existing NFT base price tracker.
The terms of the acquisition agreement were not disclosed, but it was stated that Web3 Studios served as the financial advisor in this transaction. Since 2014, CoinGecko has been a trusted data source for millions of cryptocurrency investors. The platform provides comprehensive information on over 10,000 cryptocurrencies tracked from more than 900 crypto exchanges worldwide. On the other hand, Zash operates on significant blockchains such as Ethereum, Solana, Bitcoin Ordinals, Binance Smart Chain, and Polygon, providing intelligence against risks such as laundering transactions as the most accurate NFT data API provider.