Malaysian cryptocurrency startup CoinGecko has announced the acquisition of London-based Non-Fungible Token (NFT) data infrastructure and intelligence company, Zash, on Wednesday, November 22.
This strategic move is designed to propel CoinGecko’s position as the leading data aggregator for both fungible and non-fungible tokens, marking a significant expansion in their cryptocurrency offerings.
Zash, founded in 2021 by CEO Parit Patel and CTO Efe Surekli at Entrepreneur First, swiftly established itself as a major player in the NFT space. With coverage across 87 unique marketplaces on Ethereum, Polygon, Binance Smart Chain, Solana, and Bitcoin Ordinals, Zash provides enterprise-grade, indexed NFT data.
TM Lee, CEO and co-founder of CoinGecko, emphasized that this acquisition is in line with their commitment to delivering value to the crypto community through a unified token and NFT market data offering. Lee acknowledged Zash’s exceptional standing in the NFT data space, citing their comprehensive coverage across various blockchains and successful commercialization with top-tier clients despite having a lean team.
Lee stated, “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.”
Zash’s curated datasets and composable Application Programming Interface (API), renowned for enabling the rapid development of complex blockchain data applications, have attracted notable Web3 projects such as NFTfi, Metaversal, and Metaquants (now known as Astaria). These projects, relying on Zash’s data, will now be integrated into CoinGecko’s expanding client base.
Parit Patel, CEO of Zash, expressed enthusiasm about the acquisition, stating that CoinGecko is the ideal home to preserve the legacy of what they’ve built. He emphasized the belief in the continued evolution of NFTs globally, unlocking new use cases 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,” said Parit Patel.
Looking forward, 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 gradually be incorporated into CoinGecko’s existing NFT floor price tracker in the coming year.
