Blockworks just dropped a reported $10 million to scoop up Messari, a leading crypto analytics firm.
The acquisition is the latest sign that the crypto data space is due for a major consolidation, with larger players muscling in on smaller research providers. For now, it’s all about scale – and the resources that come with it.
The State of Crypto Data
The crypto sector has long struggled with a patchwork of inconsistent data, often supplied by small, niche providers with limited resources. This has made it tough for investors to make informed decisions, and for researchers to build reliable models.
Messari, founded in 2018 by Ryan Selkis, has been a major player in this space, offering in-depth reports on the crypto market and its key players. The firm has a reputation for producing high-quality, data-driven research, and has become a go-to resource for crypto professionals and enthusiasts alike.
The Future of Crypto Research
With the acquisition, Blockworks is poised to become one of the largest players in the crypto data space. The company already produces a range of content, including media and research reports, and has built a significant following among crypto enthusiasts and investors.
What this means for investors and researchers is a single, trusted source for crypto data and insights – a major improvement over the current patchwork of providers. With more resources at its disposal, Blockworks is well-placed to produce high-quality research and analysis, making it easier for people to make informed decisions about the crypto market.
The Implications
The Messari acquisition is a major vote of confidence in the crypto sector, which has faced significant challenges in recent years. It also underscores the growing importance of data and research in the crypto space – and the need for high-quality, reliable information to support decision-making.
With consolidation expected to continue in the crypto data space, it’s likely that we’ll see more acquisitions like this in the coming months. For now, one thing’s clear: the crypto data landscape is changing fast, and investors and researchers need to stay on their toes to stay ahead of the curve.
