CoinGecko Aims to Expand Crypto API Following Zash Acquisition

CoinGecko, the leading cryptocurrency data aggregator acquired NFT data infrastructure and intelligence company Zash. The information of acquisition is available on the official website of both entities.

The data provider states that acquisition of Zash is its first acquisition in the industry and the motive behind the deal is to expand its crypto data API. Parit Patel and Efe Surekli founded Zash in 2021 and in just a few years, the ecosystem became popular among NFT enthusiasts.

Zash provides enterprise-grade, indexed NFT data across 87 unique marketplaces on Ethereum, Solana, Bitcoin Ordinals and many others. It covers NFT metadata, historical charts and other data required for trading. 

The deal will help Coingecko to offer its users precise and relevant data using the methods that Zash was using. 

The ecosystem of CoinGecko offers the data of over 11k crypto assets functioning on more than 900 exchanges. Monthly page view of the website is over 200 Million and around over 10 Million users, on average, visit the website monthly.

Crypto adoption has risen rapidly over the past few years, despite the bearish market and lack of regulatory clarity. Meanwhile, NFT adoption has been tepid over the past two years, however, Coingecko believes that there is going to be an uptick in the adoption of NFTs in the future.

Zash is primarily funded by WWVentures, Cogitent Ventures, Chris Adelsbach, Connect Ventures, SGH CAPITAL, Edward Lando, Pareeto Holdings and Entrepreneur First. 

NFT Market Overview

According to Coingecko, the entire market capitalization of the NFT industry is $4,780,452,691.86 and sales volume in the past 24 hours is $15,487,100.41 (press time).

The topper of the NFT category is BoredApeYatchClub and its floor price is 26.5 ETH and its trading volume is 862.01 ETH. Some most popular in the market are MutantApeYatchClub,CryptoPunks, Captainz, DeGods, Azuki and PudgyPenguins.

In the past 24 hours, the crypto market has shown bearish momentum and global crypto market capitalization slipped 1.47% and when writing it was $1.39 Trillion. Analysts believe that the stir in the market occurred due to negative news of a globally popular cryptocurrency exchange.

Since yesterday, Bitcoin lost 1.74% of its trading price, its trading volume grew 44.37%. Gala,Trust Wallet Token, ApeCoin, The Sandbox and NEAR Protocol.

Disclaimer

The views and opinions stated by the author or any people named in this article are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.

With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts round the clock, and is a strong advocate for women in STEM.