Blockworks Scoops Up Messari for Crypto Data Consolidation Push

Blockworks has acquired Messari in a deal worth over $10 million. This acquisition is part of Blockworks' push to consolidate crypto data and research.

Messari, founded in 2018, provides data coverage for more than 40,000 digital assets and operates an API used by investors, exchanges, and developers. The company has faced recent struggles, including replacing its CEO with Diran Li earlier this year and reducing headcount as part of a shift towards artificial intelligence.

The acquisition is the latest in a wave of consolidation across the crypto data and research sector. Other notable deals include Kaiko's acquisition of Amberdata and RedStone's acquisition of Security Token Market and its TokenizeThis conference.