Solomon Samuel 
By acquiring Zash, a major cryptocurrency monitoring website, CoinGecko is expanding its data offering. Zash is an infrastructure platform for nonfungible token (NFT) data.
The firm announced on November 21 that CoinGecko intends to incorporate Zash’s NFT data into its Application Programming Interface (API) by the end of the second quarter of 2024.
The terms of the agreement have not been made public. “API users will have access to a unified crypto data offering that provides enriched crypto market insights and seamless access to fungible and nonfungible token data,” Bobby Ong, co-founder and chief operating officer of CoinGecko said.
Next year, front-end consumers of CoinGecko’s mobile and web applications will also have access to on-chain NFT data via the NFT floor price tracker, according to the executive.
Zash, which was established in 2021, maintains an API and enterprise-grade NFT indexer that enables users to monitor NFT data across 102 marketplaces, including 87 marketplaces unique to Zash and the leading NFT exchange OpenSea.
“In addition to bundled trades and secondary sales, Zash’s data includes ERC-1155 and ERC-721 token standards, settlement conversions in 12 currencies, and ERC-721,” Ong said, adding that Zash’s coverage is “more than four times that of alternatives.”
Despite a significant decline in the NFT market, which is sometimes interpreted as an indication that the NFT technology is maturing rather than a sign of distress, CoinGecko has recently entered the NFT market.
Following Binance’s 2020 acquisition of CoinGecko’s major competitor, CoinMarketCap, CoinGecko remained open to acquisitions as of July 2022, according to Ong, who added that the firm remains bullish on the NFT industry despite the ongoing market decline.
Nevertheless, the organization was contemplating possible acquisitions from a long-term perspective rather than a short-term one.
Last year, CoinGecko’s Ong said, “This will be our third crypto winter, and we are focused on improving CoinGecko in preparation for the eventual bull run that will return.”
