Blockworks Just Acquired Messari — Here's What Crypto's Data Consolidation Race Means for the Industry
60d ago · 1 source
Blockworks, a major crypto media and research company, has acquired Messari, one of the most well-known crypto data and analytics platforms. The deal signals a growing trend of consolidation in the crypto information and data space, as companies race to become one-stop shops for institutional-grade research, analytics, and media.
WHY IT MATTERS
Imagine if a popular news channel bought a company that tracks stock prices and company data — suddenly one organization controls both the news you read and the numbers behind it. That's essentially what's happening here in the crypto world. Blockworks (a crypto news and media company) bought Messari (a company that tracks crypto data and research). For everyday crypto users, this matters because the places where you get your information are merging together. It could mean better, more comprehensive tools in one place — like having Google Maps and Yelp combined — but it also means fewer independent sources of information. As crypto grows up and attracts bigger investors, these companies are racing to become the go-to platform for everything crypto-related, similar to how Bloomberg serves Wall Street.
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