Treehouse's NFT Analytics Grows via Origins Acquisition
Treehouse, a prominent Web3 company specializing in
translating digital assets data into actionable insights for professional
investors and institutions, has announced its acquisition of Origins Analytics'
intellectual property (IP) to strengthen its non-fungible token (NFT) product
offerings.
Origins Analytics, an enterprise-level NFT analytics
platform that raised US$4 million in 2022, brings a community of over 10,000
users. Their software harnesses both on- and off-chain data to empower seasoned
NFT traders, protocols, and game studios in making informed decisions.
Treehouse's acquisition of Origins signifies the integration
of Origins' technology, including tools like AlphaStream, NFT Analytics Bots,
and NFT Wallet Profiling API, into Treehouse's suite of products. These tools
will provide users of Treehouse's flagship product, Hyperion, with enhanced
analytics, enabling a deeper understanding of NFT trading volumes, social
sentiment, and holder behavior for more informed trading and collecting
choices.
Amidst a bear market and industry consolidation, this
acquisition underscores Treehouse's dedication to Web3 analytics. With a robust
financial standing and recent seed funding of US$18 million, the company is
actively seeking mergers and acquisitions (M&A) opportunities, aiming to be
the foremost digital asset analytics platform.
Brandon Goh, Treehouse's CEO, highlights the strategic value
of this acquisition, expressing the company's commitment to their clients' NFT
interests. The move is seen as a pivotal step in broadening the company's service
to the larger NFT community.
Noteworthy supporters of Treehouse's mission include Mirana
Ventures, expressing confidence in the synergy between Treehouse's Hyperion and
Origins, foreseeing a significant impact on the industry's analytics landscape.
Treehouse, headquartered in Singapore, is backed by a host
of traditional VC and Web3 firms, offering Hyperion as a robust portfolio
management and market intelligence platform. It's distinguished by its array of
portfolio widgets and analytical tools that empower institutional investors and
professional traders in managing their digital assets effectively.
More Information : https://www.techdogs.com/tech-news/pr-newswire/treehouse-acquires-origins-to-expand-into-nft-analytics
Comments
Post a Comment