CoinGecko Announces Acquisition of Zash

CoinGecko announced its strategic purchase of Zash, a leader in NFT data infrastructure and intelligence. The acquisition will integrate fungible and NFT data, aligning with CoinGecko’s commitment to reliable cryptocurrency data.

TM Lee, CEO and Co-founder at CoinGecko, stated, “After evaluating all existing NFT data providers, Zash stands out as unparalleled. This acquisition aligns with our commitment to deliver exceptional value to the crypto community.”

Parit Patel, co-founder and CEO of Zash, expressed his enthusiasm about the acquisition, stating, “We’re thrilled to complete the sale to CoinGecko – a perfect fit for Zash’s legacy.”

“We believe NFTs will continue to evolve, creating value globally. Positioned with CoinGecko, our data infrastructure will play a crucial role in shaping the industry’s future,” Patel further stated.

CoinGecko’s Plans to Integrate Zash’s NFT Data into its API

CoinGecko plans to incorporate Zash’s NFT data into its API by the second quarter of 2024. This integration will include enterprise-grade, indexed NFT data from various blockchain ecosystems and provide comprehensive NFT metadata, historical trade information, and NFT lending data indexing from platforms like Blend, X2Y2, and NFTfi.

It aims to introduce wash trading detection for major collections on the ethereum blockchain and integrate Zash’s NFT data infrastructure into its existing NFT floor price tracker.

Founded in 2021 by CEO Parit Patel and CTO Efe Surekli, Zash offers indexed NFT data across various blockchain networks, including ethereum, Polygon, Binance Smart Chain, Solana, and bitcoin Ordinals, with coverage encompassing NFT metadata, historical trades, lending data, and wash trading detection.

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### News source: cryptopotato.com

By Team