Article Image

CoinGecko acquires NFT startup Zash

CoinGecko, a leading cryptocurrency tracking platform, has expanded its reach into the NFT space by acquiring Zash, an on-chain NFT data analytics firm.

Zash provides comprehensive NFT data, covering metadata, historical trades, lending, and wash trade detection, across over 1 million NFT collections and marketplaces.

This strategic acquisition will enable CoinGecko to integrate the analytics platform's NFT data into its Application Programming Interface (API) by the second quarter of 2024.

The integration will provide CoinGecko's users with seamless access to both fungible and non-fungible token data, offering a unified crypto data solution and deeper market insights.

Zash's data encompasses secondary sales, bundled trades, and settlements in 12 currencies, supporting both ERC-721 and ERC-1155 token standards. Its coverage is claimed to be over four times that of alternative providers, making it a valuable asset for CoinGecko's expanding NFT data offerings.

Despite the recent downturn in the NFT market, CoinGecko remains optimistic about the long-term potential of the NFT industry.

Its co-founder and COO Bobby Ong expressed his belief that any asset capable of tokenisation will eventually be tokenised. He envisions NFTs continuing to evolve beyond profile pictures (PFPs) and GameFi to unlock new opportunities worldwide.

The acquisition terms remain undisclosed, but the Zash team will join CoinGecko as part of the deal.