CoinGecko, the market data platform, has completed the acquisition of Zash, a NFT data infrastructure and intelligence company founded in 2021.
Specialising in enterprise-grade indexed NFT data, Zash covers 87 unique marketplaces on Ethereum, Polygon, Binance Smart Chain, Solana, and Bitcoin Ordinals.
The company provides insights into NFT metadata, historical trades, lending data, and employs proprietary algorithms for wash trade detection.
CoinGecko, views the acquisition as a strategic move towards enhancing its offerings.
The vision includes incorporating Zash’s capabilities to seamlessly integrate fungible and non-fungible token (NFT) data into a unified offering.
CoinGecko plans to integrate new endpoints into its crypto data API by Q2 2024, covering various aspects of NFT data across major platforms.
This includes metadata, historical trades, lending data, and wash trading detection for prominent collections on Ethereum.
Zash’s NFT data infrastructure will gradually integrate into CoinGecko’s NFT floor price tracker in the coming year.
CoinGecko, a main competitor to CoinMarketCap, has positioned itself as a dynamic force in crypto data tracking.
CoinMarketCap, acquired by Binance in April 2020 during the post-2017 crypto winter, has never officially disclosed the cost of the deal, though speculation places it at $400 million.
Just last year, CoinGecko expressed that it was open to acquisitions, though no deals have come through.