Users of CoinGecko to Gain Access to On-Chain NFT Data
Summary
CoinGecko, a leading crypto tracking platform, has acquired Zash, an NFT data infrastructure platform, to expand its data offering. CoinGecko plans to integrate Zash’s NFT data into its API by Q2 2024, providing users with access to on-chain NFT data. Despite the current market downturn, CoinGecko remains optimistic about the NFT sector and believes in its potential for innovation and new opportunities.
Introduction
CoinGecko has made a strategic move by acquiring Zash, an NFT data infrastructure platform. This acquisition will allow CoinGecko to enhance its data offering and provide its users with access to on-chain NFT data. CoinGecko aims to integrate Zash’s NFT data into its API by the second quarter of 2024, enabling users to seamlessly access fungible and nonfungible token data and gain enriched insights into the crypto market.
Main Points
CoinGecko co-founder and COO, Bobby Ong, expressed his enthusiasm for the acquisition and the potential it brings to CoinGecko’s users. He stated that API users will benefit from a unified crypto data offering that includes both fungible and nonfungible token data. CoinGecko plans to make the on-chain NFT data available to users through the NFT floor price tracker on its website and mobile app by the beginning of 2024.
Zash, launched in 2021, is a reliable NFT indexer and API that allows customers to monitor NFT data across 87 markets, including the popular NFT exchange OpenSea. CoinGecko’s foray into the NFT market comes at a time when some view the decline in the sector as a sign of maturation rather than a crisis. Despite the current market downturn, CoinGecko remains optimistic about the NFT sector and believes in its potential for innovation and unlocking new opportunities.
Conclusion
CoinGecko’s acquisition of Zash will enable users of its platform to access on-chain NFT data, expanding their insights into the crypto market. CoinGecko remains optimistic about the NFT sector’s future, seeing the current market downturn as an opportunity for innovation and growth. By integrating Zash’s NFT data into its API, CoinGecko aims to provide a seamless and enriched experience for its users.