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CoinGecko, the world's largest independent cryptocurrency data aggregator, has announced its strategic acquisition of Zash, a leading non-fungible token (NFT) data infrastructure and intelligence company. Terms of the deal were undisclosed.
Exciting news: We’re proud to announce our acquisition by @CoinGecko! 🦎🚀
— Zash (@zash_api) November 22, 2023
With their near-decade-long legacy in crypto, #CoinGecko aligns with our mission to make trusted NFT data accessible to all. pic.twitter.com/KIMVfufjgh
Founded in 2021, Zash has quickly risen to prominence in the NFT space by offering enterprise-grade indexed NFT data. This data covers NFT metadata, historical trades, lending data, and includes features such as wash trading detection. Zash's coverage spans across 87 unique marketplaces on popular blockchain networks, including Ethereum, Polygon, Binance Smart Chain, Solana, and Bitcoin Ordinals.
CoinGecko said the acquisition aligns with its commitment to delivering reliable and accurate cryptocurrency data to the crypto community. With the integration of Zash's NFT data, CoinGecko will further solidify its position as a one-stop data aggregator for crypto enthusiasts.
"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,” Zash co-founder and CEO Parit Patel said in an announcement on Wednesday.
CoinGecko plans to integrate Zash's NFT data into its API by Q2 2024, allowing users to seamlessly access both fungible and non-fungible token data. Additionally, the data will be progressively added to CoinGecko's existing NFT floor price tracker.
