CoinGecko Acquires Zash

CoinGecko plans to strategically acquire data monitoring and infrastructure provider Zash to provide users with new features and facilitate access to NFT data. Zash provides institutional-grade, indexed NFT data across 87 unique markets across Ethereum, Polygon, Binance Smart Chain, Solana and Bitcoin Ordinals. This acquisition strengthens CoinGecko's commitment to providing reliable, accurate and comprehensive cryptocurrency data.

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CoinGecko Increases NFT Data Capacity by Acquiring Zash

TM Lee, Co-Founder and CEO of CoinGecko, stated that they find Zash superior to other NFT data providers, stating that Zash has the most comprehensive NFT data coverage in the market and that this acquisition is in line with their goal of providing unified NFT and token market data. Zash's datasets and APIs allow projects to quickly build complex blockchain data applications. The acquisition will add important web3 projects such as NFTfi, Metaversal and Metaquants to CoinGecko's customer base.

CoinGecko plans to incorporate Zash's NFT data into its API offering by the second quarter of 2024. This will allow users to seamlessly access NFT data by leveraging the integrated provider. In addition, this data will be gradually integrated into CoinGecko's existing NFT exchange price tracking next year. Terms of the acquisition agreement have not yet been disclosed, but Web3 Studios acted as financial advisor on the transaction. Parit, one of the founders of Zash, stated that they are delighted to preserve the legacy of the CoinGecko brand and believe that the growth of NFTs will play an important role for the industry.