- Users of CoinGecko’s website and mobile app will have access to the on-chain NFT data.
- CoinGecko is optimistic about the NFT sector despite the current market downturn.
CoinGecko, a leading crypto tracking platform, has acquired Zash, a NFT data infrastructure platform, in order to expand its data offering. Moreover, CoinGecko stated that it will include Zash’s NFT data into its API by the second quarter of 2024; however, financial details of the arrangement were not shared.
CoinGecko co-founder and chief operating officer Bobby Ong stated:
“API users will be able to enjoy a unified crypto data offering, where they can access fungible and nonfungible token data seamlessly and enjoy enriched crypto market insights.”
Banking on NFTs
Moreover, the Executive said that by the beginning of 2024, users of CoinGecko’s website and mobile app will have access to the on-chain NFT data via the NFT floor price tracker.
Ong stated:
“We hold the vision where any asset that can be tokenized will be tokenized. We believe that NFTs will continue to innovate beyond PFPs and GameFi, and unlock new opportunities and use cases worldwide. For that reason, we’re optimistic about the NFT market’s resurgence.”
Zash, which launched in 2021, is an enterprise-grade NFT indexer and API that allows customers to monitor NFT data on 87 distinct markets (a grand total of 102 marketplaces), including the largest NFT exchange OpenSea.
Although the NFT market as a whole has been declining, CoinGecko’s entry into the space comes at a time when some see the trend as indicative of the NFT technology’s maturation rather than an indication of crisis. CoinGecko is optimistic about the NFT sector despite the current market downturn.
CoinGecko’s main rival, CoinMarketCap, in 2020 was bought by crypto exchange Binance. CoinGecko was established in 2014 by TM Lee (CEO) and Bobby Ong (COO) with the goal of making crypto data more widely available and providing consumers with more meaningful insights.
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