Clear and Concise Summary:
Crypto data aggregator CoinGecko has acquired NFT data infrastructure and intelligence company Zash. Zash collects data from over 1 million NFT collections and marketplaces, providing information on NFT metadata, historical trades, and more. The acquisition will integrate Zash’s NFT data into CoinGecko’s API, making it a comprehensive source for cryptocurrency-related data. CoinGecko believes in the future of tokenization and sees NFTs as a source of innovation and new opportunities.
Detailed Bullet Points:
– CoinGecko has acquired Zash, an on-chain NFT data analytics firm that collects data from over 1 million NFT collections and marketplaces.
– Zash provides information on NFT metadata, historical trades, lending, and detects large-scale wash trades.
– It covers information from 87 different blockchain networks, including Ethereum, Polygon, Binance Smart Chain, and Solana.
– Zash’s NFT data will be integrated into CoinGecko’s API, allowing users to access various information on fungible and non-fungible token data.
– CoinGecko believes in the future of tokenization and sees NFTs as a source of innovation and new opportunities.
– The acquisition of Zash aligns with CoinGecko’s commitment to delivering exceptional value to the crypto community.
– The terms of the acquisition remain undisclosed.
Why It’s Important to the Reader:
– The acquisition of Zash by CoinGecko expands the capabilities of the crypto data aggregator, making it a one-stop source for comprehensive cryptocurrency-related data.
– Integrating Zash’s NFT data into CoinGecko’s API will provide users with valuable information on NFTs, including metadata and historical trades.
– The acquisition highlights the growing importance of NFTs in the crypto space and signals CoinGecko’s belief in the future of tokenization.
– This development may have implications for investors and traders who are interested in NFTs, as they will have access to more comprehensive data for making informed decisions.
– The acquisition also reflects the trend of consolidation in the crypto industry, as companies seek to expand their offerings and improve their competitive position.
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