The fusion of data and media intelligence will set a new standard for measuring the true value of Web3 and the digital economy
DAVOS, SWITZERLAND, Jan. 17, 2023 (GLOBE NEWSWIRE) — Leading blockchain data analytics company CryptoSlam and Web3 media company Forkast.News announce a merger to form Forkast Labs, a first-of-its-kind Web3-focused media platform.
Forkast Labs was born out of a lack of a standard methodology for determining the true value of Web3 assets. So far, Web3 has been measured largely against crypto prices, which creates sentiment-based, highly volatile, and ultimately inaccurate data that has eroded confidence in the industry. Forkast Labs aims to change that by creating data tools, indices and methodologies to value the digital economy, while providing reporting and analysis.
The new company will start by launching flagship data indices, APIs and business intelligence products to measure the digital economy based on real-time on-chain data. This will create a universal methodology and enable the evaluation of blockchain projects that will be meaningful to any investor or participant in the digital asset space.
Former Bloomberg anchor and Forkast.News founder Angie Lau and CryptoSlam founder Randy Wasinger will serve as co-CEOs of Forkast Labs. Sarah Chang, co-founder of Forkast.News, will serve as COO of the combined entity.
Angie Lau said, “This merger comes at a pivotal time for the crypto industry. The entire industry was priced against volatile price movements, which created a high degree of speculation. Trust in crypto has been eroded as a result, but we have the power to change that with this merger.
Over the past five years, CryptoSlam and Forkast have identified the value, fundamentals, and utility of blockchain, with CryptoSlam telling the story through data and Forkast telling the story through journalism. Now, by bringing these two teams together, we can set a new standard of data transparency for our industry. »
Randy Wasinger said, “Joining forces with Forkast.News is an exciting step. CryptoSlam has established itself as the leader in multi-chain NFT data aggregation, and now we have the ability to leverage our infrastructure to serve an even wider audience. Just as Google curated the world’s information to make it useful to everyone, we at Forkast Labs are doing the same for the digital economy.
Yat Siu, Founder and Executive Chairman of Animoca Brands, an investor in both CryptoSlam and Forkast.News, said, “A media intelligence platform backed by cutting-edge data analytics is what the media industry needs. blockchain needs right now. CryptoSlam and Forkast.News have an excellent track record in their own right and as a combined entity can bring trust and transparency to the Web3 ecosystem.
About Forkast Labs
Forkast Labs is a data intelligence platform created by the merger of CryptoSlam and Forkast.News. Forkast Labs will curate, standardize, and create universal data tools and methodologies that will allow us to assess the true value of the digital economy, in real time. For the first time, we will be able to compare protocol by protocol and standardize how investors can review, evaluate and feel safer and more empowered to participate in the digital world. It hasn’t been possible…until now.
The new company is based in Delaware.
Founded in 2018 by Randy Wasinger and backed by prominent technology founders such as Mark Cuban, Reid Hoffman and Mark Pincus, CryptoSlam is the pioneer and industry leader in multi-chain NFT data aggregation.
Co-founded in 2018 by former Bloomberg Television presenter Angie Lau and Sarah Chang, Forkast.News is a leading crypto industry news and events website with an international team of award-winning journalists.
CONTACT: Forkast Labs PR Forkast Labs pr at forkastlabs.xyz George (george at rektpartners.io); Jenny (jenny at rektpartners.io); Jenny at cetaceacomms.com