Aggregator CoinGecko will start supplying NFT market data

To do this, a deal was struck to buy the Zash provider

22.11.2023 - 15:20

171

1 min

What’s new? Leading cryptocurrency market data aggregator CoinGecko has made its first-ever deal to buy another company. Thus, the aggregator has acquired non-fungible token (NFT) sector data provider Zash. CoinGecko co-founder Bobby Ong said that the deal is aimed at solving the problem of fragmentation of data on different sectors of the cryptocurrency market.

Tech in Asia’s material

What else is known? According to Ong, at the moment, to fully analyze the crypto market, traders, researchers, and developers have to use several APIs simultaneously, which can potentially reduce the efficiency of their work and increase costs.

By acquiring Zash, the aggregator will offer a one-stop solution that covers the fungible and non-fungible token markets. It is expected to be released in Q2 of next year.

Founded in 2021, Zash provides indexed NFT data on 87 marketplaces across Ethereum, Polygon, BNB Smart Chain, Solana, and Bitcoin. Zash tracks metadata as well as historical trade and asset lending data. Terms of the company’s sale were not disclosed.

According to Ong, Zash covers four times more data than alternative platforms such as Bitquery, QuickNode, and Alchemy.

CoinGecko itself tracks over 10 000 crypto assets from 900+ exchanges and provides data on prices, trading volumes, capitalization, and community activity. The CoinGecko API is used by Metamask cryptocurrency wallet, Crypto.com exchange, and Etherscan tracker, among others.

Author: