In response to the fragmented nature of the crypto data sector, where users often grapple with multiple APIs to gain a comprehensive understanding of cryptocurrency and non-fungible token (NFT) movements, CoinGecko has made its inaugural acquisition. The Malaysia-based crypto firm has acquired Zash, a notable NFT data infrastructure provider, in a strategic move to streamline and enhance its services.
Bobby Ong, co-founder of CoinGecko, highlighted the challenges users face in navigating various APIs for a comprehensive view of cryptocurrency and NFT movements, citing inefficiency and added costs for developers, traders, and researchers. The acquisition of Zash aims to address this issue by providing a consolidated, one-stop solution that encompasses both fungible and non-fungible tokens. The terms of the acquisition deal have not been disclosed.
Established in 2021, Zash specializes in offering indexed NFT data across 87 marketplaces on platforms such as Ethereum, Polygon, BNB Smart Chain, Solana, and Bitcoin Ordinals. The data provided by Zash includes NFT metadata, historical trade information, and lending data. Notably, Zash’s coverage of NFT data is claimed to be over four times greater than alternative solutions. The company also actively monitors and identifies wash trades, a form of illegal trading that artificially manipulates prices through fabricated market activity.
CoinGecko, known for tracking over 10,000 crypto assets from 900 exchanges and providing comprehensive data points such as price, trading volume, market value, developer strength, and community statistics, sees the acquisition of Zash as a strategic move to enhance its offerings. Zash’s clients and partners will now gain access to CoinGecko’s crypto data API, a platform utilized by major companies including Metamask, Crypto.com, and Etherscan.
Bobby Ong affirmed CoinGecko’s commitment to existing service agreements with Zash and outlined plans to integrate Zash’s NFT data infrastructure into CoinGecko’s API product by the second quarter of 2024. This move is anticipated to provide users with a more seamless and comprehensive experience in tracking both cryptocurrency and NFT data.
