CoinGecko Expands Reach with Acquisition of Zash

CoinGecko's Zash Acquisition and NFT Data Boost

In a recent announcement, CoinGecko, a leading cryptocurrency data aggregator, has acieved a significant milestone. The company has successfully acquired Zash, an industry-leading NFT data infrastructure and intelligence company. This expansion is the company’s first-ever acquisition.

Zash was founded by CEO Parit Patel and CTO Efe Surekli in 2021 at Entrepreneur First. It  has established itself in a very short period of time by providing enterprise-grade, indexed NFT data across 87 unique marketplaces on Ethereum, Polygon, Binance Smart Chain, Solana, and Bitcoin Ordinals.

The comprehensive coverage also includes NFT metadata, historical trades, and lending data, with advanced data science techniques employed to detect wash trades at scale through proprietary algorithms.

The decision to acquire Zash is a result of CoinGecko's overarching vision, wherein any asset that can be tokenized will be tokenized. They believe that NFTs will continue to innovate and unlock new opportunities globally and they aim to seamlessly integrate Zash's capabilities to provide users with fungible and non-fungible token (NFT) data in one cohesive offering.

By Q2 2024, CoinGecko plans to enhance its crypto data API with a range of new endpoints. These expanded offerings will include enterprise-grade, indexed NFT data across a diverse array of blockchain ecosystems such as Ethereum, Polygon, Binance Smart Chain, Bitcoin Ordinals, Solana, and more.

The updated API will also incorporate NFT metadata and historical trade information. Furthermore, CoinGecko plans to introduce NFT lending data indexing for platforms like Blend, X2Y2, NFTfi, and others. In a bid to fortify its commitment, the company is set to integrate wash trading detection specifically tailored for major collections on the Ethereum blockchain.