Blockchain data analytics firm CryptoSlam and Forkast News announced merger
Hong Kong-based Forkast News and CryptoSlam, a US-based blockchain data analytics company, have merged to create Forkast Labs, a platform for Web3 asset assessment.
Value in the present market is largely correlated with crypto prices, which makes it erratic, emotionally driven, and unreliable. To gauge these assets and guarantee proper investor appraisal, Forkast Labs will roll out its flagship data indexes, APIs, and business intelligence solutions.
“The entire industry has been valued against volatile price movements, which has 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,” said Angie Lau, former Bloomberg anchor and Forkast News founder, in a statement.
Randy Wasinger, the creator of CryptoSlam, and Lau will share the role of co-CEO of Forkast Labs. Co-founder of Forkast News Sarah Chang will serve as COO of the united company.
While CryptoSlam received US $9 million in strategic seed fundraising last year, Forkast News garnered US $1.7 million in its 2021 seed round. Both businesses were established in 2018 with support from Animoca Brands.
