Blockworks Scoops Up Messari in Crypto Data Consolidation Play

Blockworks has acquired Messari, a crypto research and analytics company, for over $10 million. This acquisition is part of Blockworks' push to consolidate data in the crypto sector.

Messari was founded in 2018 and provides data coverage for more than 40,000 digital assets. The company operates an API used by investors, exchanges, and developers.

According to The Wall Street Journal, Messari's valuation had dropped from around $300 million in 2022 after it replaced its CEO earlier this year and reduced headcount as part of a shift towards artificial intelligence.

Blockworks, which began as a crypto media and events company before expanding into research and data products, said the combined business would expand its market data, research, compliance, and investor-relations offerings.