CoinGecko Expands Cryptocurrency Offering with Zash Acquisition

Singapore, November 22, 2023 — CoinGecko, the world’s largest independent cryptocurrency data aggregator, today announced its strategic acquisition of Zash, the leading non-fungible token (NFT) data infrastructure and intelligence company, to expand its cryptocurrency offering.

This acquisition reinforces CoinGecko’s commitment to delivering reliable, accurate and comprehensive cryptocurrency data, and further solidifies its position as a one-stop data aggregator and provider for both fungible and non-fungible tokens.

Founded by CEO, Parit Patel and CTO, Efe Surekli in 2021 at Entrepreneur First, Zash provides enterprise-grade, indexed NFT data across 87 unique marketplaces on Ethereum, Polygon, Binance Smart Chain, Solana and Bitcoin Ordinals. Zash covers NFT metadata, historical trades and lending data, and additionally deploys advanced data science techniques through its proprietary algorithms to detect wash trades at scale.

“After evaluating all existing NFT data providers in the space, Zash stands out as unparalleled. Within 3 years, they have built a remarkable product with the most comprehensive NFT data coverage in the market, and commercialized with top tier clients with a lean team,” noted TM Lee, CEO and co-founder of CoinGecko. “This acquisition aligns with our commitment and dedication to deliver exceptional value to the crypto community, starting with a unified token and NFT market data offering.”

Zash’s curated datasets and composable API enable projects to build complex blockchain data applications rapidly. Notable web3 projects like NFTfi, Metaversal and Metaquants (now Astaria) that use Zash’s data, will be folded into CoinGecko’s client base.

“We’re thrilled to complete the sale to CoinGecko – we can think of no better home to preserve the legacy of what we’ve built, than the outstanding brand CoinGecko has developed in the cryptocurrency space, over nearly a decade,” Parit commented. “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 this industry’s future.”

CoinGecko plans to incorporate Zash’s NFT data into its API offering by Q2 2024, allowing users to benefit from an integrated provider and access both fungible and non-fungible token data seamlessly. Additionally, the data will be incrementally incorporated into CoinGecko’s existing NFT floor price tracker next year.

The terms of the acquisition deal remain undisclosed. Web3 Studios served as the financial advisor for this transaction.