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Malaysian crypto startup CoinGecko announced their acquisition of London-based Non-Fungible Token (NFT) data infrastructure and intelligence company Zash on Wednesday (November 22).

This strategic acquisition is aimed at expanding CoinGecko’s cryptocurrency offerings, solidifying its position as the go-to data aggregator for both fungible and non-fungible tokens.

Zash was first established by CEO Parit Patel and CTO Efe Surekli in 2021 at Entrepreneur First, and has quickly become a key player in the NFT space. Covering 87 unique marketplaces on Ethereum, Polygon, Binance Smart Chain, Solana, and Bitcoin Ordinals, Zash provides enterprise-grade, indexed NFT data.

coingecko zash
Image Credit: CoinGecko

TM Lee, CEO and co-founder of CoinGecko, said that the acquisition aligns with their commitment and dedication to delivering value to the crypto community with a unified token and NFT market data offering.

After evaluating all existing NFT data providers in the space, Zash stands out as unparalleled. Within
three years, they have built a remarkable product with the most comprehensive NFT data coverage in the market, and commercialised with top tier clients with a lean team.

– TM Lee, CEO and co-founder of CoinGecko

Zash’s curated datasets and composable Application Programming Interface (API), known for enabling the rapid development of complex blockchain data applications, have attracted notable Web3 projects like NFTfi, Metaversal, and Metaquants (now known as Astaria). These projects, which rely on Zash’s data, will now become part of CoinGecko’s expanding client base.

Parit Patel, CEO of Zash, expressed excitement about the acquisition, stating in a media statement that CoinGecko is the ideal home to preserve the legacy of what they’ve built.

We believe that NFTs will continue to evolve and unlock new use cases globally, creating value for companies and consumers. We foresee our NFT data infrastructure — well-positioned at CoinGecko —playing a pivotal and impactful role in shaping the industry’s future.

– Parit Patel, CEO and co-founder of Zash

Looking ahead, CoinGecko plans to integrate Zash’s NFT data into its API offering by the second quarter of 2024, providing users with a seamless experience to access both fungible and non-fungible token data. Additionally, the data will be gradually incorporated into CoinGecko’s existing NFT floor price tracker in the coming year.

Featured Image Credit: Bobby Ong’s X profile

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© 2021 GRVTY Media Pte. Ltd.
(UEN 201431998C.)