CoinGecko, a major cryptocurrency tracking website, has recently acquired Zash, a company specializing in NFT data infrastructure. This move is all about CoinGecko improving the information it provides by bringing in Zash’s capabilities. Even though the exact cost of the deal is not known, CoinGecko is excited about the potential this acquisition holds.
CoinGecko Steps Up Data Game with Zash Takeover
CoinGecko is making its data game stronger by bringing Zash into the picture. This move is aimed at giving users a smoother experience when it comes to checking out both regular and NFT-related cryptocurrency data using CoinGecko’s API.
Zash’s All-Encompassing NFT Data
Zash, which started up in 2021, does some heavy lifting in the NFT world. It provides an NFT indexer and API that covers a whopping 87 different marketplaces. This includes big players like OpenSea, making Zash’s reach extensive. What’s interesting is that Zash’s data is not just about primary sales but also includes secondary sales, bundled trades, and transactions in 12 different currencies. That’s more than what other similar services offer, making Zash stand out.
CoinGecko Stays Positive Despite NFT Market Dip
Even though the NFT market has seen a bit of a slowdown, CoinGecko remains optimistic. Bobby Ong, CoinGecko’s co-founder and COO, believes that anything with value can be tokenized. Despite the current challenges, he sees NFTs evolving beyond their current forms, like profile pictures (PFPs) and GameFi. CoinGecko is gearing up for the future by making moves like the Zash acquisition, showing its commitment for the long haul.
Conclusion
CoinGecko‘s decision to bring Zash on board is a strategic move to offer users a more detailed and enriched experience when it comes to crypto data. By integrating Zash’s NFT data into its API, CoinGecko wants to be a one-stop-shop for users looking for both regular and NFT-related data. Even in the face of challenges in the NFT market, CoinGecko is keeping its eyes on the prize, preparing for better times ahead and showing its dedication to improving its services.
FAQs
Why is CoinGecko acquiring Zash, and what does it mean for users?
CoinGecko is acquiring Zash to enhance its data capabilities, making it easier for users to access both regular and NFT-related cryptocurrency data through CoinGecko’s API.
What makes Zash’s NFT data different from others?
Zash’s NFT data is more extensive, covering 87 marketplaces, including major platforms like OpenSea. It goes beyond just primary sales, including secondary sales, bundled trades, and transactions in 12 different currencies.
Why is CoinGecko optimistic about NFTs despite the market slowing down?
CoinGecko believes in the potential of NFTs to evolve beyond current trends like PFPs and GameFi. The company sees value in tokenizing various assets and is optimistic about the future growth and opportunities in the NFT market.
