- CryptoSlam has partnered with Forkast.News for a new data intelligence platform called Forkast Labs.
- The platform is being developed to help determine the true value of web3 assets.
- Forkast Labs will provide data insights and insights based on real-time data on-chain.
CryptoSlam has partnered with Forkast.News to launch Forkast Labs. The NFT data aggregation platform is working with crypto industry media to create a data and media intelligence platform that will help determine the true value of Web3 assets.
The platform will include flagship data indices, APIs and business intelligence tools that leverage real-time on-chain data to measure the digital economy.
Currently, most crypto assets tend to oscillate with the price of bitcoin, which over the years has continued to show high levels of volatility. This prevents investors from identifying the best time to invest in individual assets.
Forkast Labs is a product born out of this problem. The market lacks a proper methodology to measure the value of web3 assets.
According to CryptoSlam and Forkast.News, the features included in Forkast Labs will help create a universal system for evaluating blockchain projects, providing meaningful insights to investors.
According to Tuesday’s announcement, former Bloomberg anchor and Forkast.News founder Angie Lau and CryptoSlam founder Randy Wasinger will serve as co-CEOs of Forkast Labs, while Sarah Chang, co-founder of Forkast. .News, will be COO of the combined entity.
Commenting on the merger, Angie Lau highlighted the timely launch of Forkast Labs, given the current state of the crypto industry.
“The entire industry has been priced against volatile price movements, which has created a high degree of speculation. Confidence in crypto has been eroded as a result, but we have the power to change that with this merger.
Lau also highlighted the impact CryptoSlam and Forkast have had on the crypto industry over the past five years (both platforms launched in 2018).
“CryptoSlam and Forkast 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 data transparency standard for our industry,” Lau added.
On the other hand, Randy Wasinger of CryptoSlam commented, “Joining forces with Forkast.News is an exciting step. CryptoSlam has established itself as the leader in multi-chain NFT data aggregation, and we now 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.
Both CryptoSlam and Forkast.News are backed by leading Web3 investment firm Animoca Brands.
Animoca co-founder and executive chairman Yat Siu highlighted the synergies a merger between a media intelligence platform and an industry-leading data analytics company could create, saying “it’s is what the blockchain industry needs right now.”
“w. 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,” he said.
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