Singapore’s Treehouse Acquires Origins Analytics to Strengthen NFT Analytics Capabilities

by Kumar Gandharv

Revealed: November 03, 2023 at 4:21 am Up to date: November 03, 2023 at 4:21 am

by Victor Dey

Edited and fact-checked:
November 03, 2023 at 4:21 am

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In Transient

Singapore-based Web3 information agency Treehouse introduced the acquisition of Origins Analytics, an enterprise-grade NFT analytics platform.

Singapore-based Web3 information agency Treehouse is making waves within the cryptocurrency and blockchain world because it declares the strategic acquisition of Origins Analytics, an enterprise-grade NFT analytics platform.

With this acquisition, Origins’ founding group is about to affix forces with Treehouse, bringing their experience and know-how into Treehouse’s product suite.

Commenting on the acquisition, Treehouse’s CEO, Brandon Goh, stated the corporate is worked up to make this transfer into NFT analytics, and this strategic acquisition underscores our dedication to our purchasers, a lot of whom have NFT exposures.

“Our group is gearing as much as combine Origins’ system into our flagship product, Hyperion, assured that its know-how aligns with our customers’ wants and paves the best way for us to serve the broader NFT group. Regardless of the bear market, Treehouse is increasing and is actively trying to purchase synergetic companies,” Goh added.

Origins Analytics, which raised a considerable $4 million in 2022 and boasted a sturdy group of over 10,000 customers, had developed software program that makes use of each on-chain and off-chain information to allow skilled NFT merchants, protocols, and recreation studios to make knowledgeable choices.

This know-how is very wanted in a market the place NFT buying and selling volumes, social sentiment, and holder habits are essential elements in figuring out success.

In response to the agency, the partnership will present purchasers with entry to standard NFT analytics instruments, together with:

• AlphaStream: A reside algorithmically tagged NFT pockets notification system.
• NFT Analytics Bots: Command-based generated NFT market analytics.
• NFT Pockets Profiling Software Programming Interface (API): Enabling in-depth evaluation of NFT buying and selling and collector habits.

These instruments will empower Hyperion customers to achieve deeper insights into NFT buying and selling volumes, social sentiment, holder habits, and different crucial elements. It additionally underscores Treehouse’s dedication to offering complete Web3 analytics to its purchasers.

Bolstering NFTs Amid Bearish Market Pattern

To bolster its non-fungible token (NFT) product choices, Treehouse is stepping up its recreation throughout a difficult market interval. The acquisition of Origins Analytics comes at a time when the cryptocurrency market is experiencing a bearish pattern and consolidation is on the rise.

Regardless of the difficult market situations, Treehouse is undeterred and continues to develop its operations. The corporate’s sturdy stability sheet, backed by a earlier $18 million seed spherical in 2021, positions it nicely for additional strategic strikes.

The corporate is keen to delve into the world of NFT analytics.

The assist from distinguished buyers and enterprise capitalists, together with Lightspeed, MassMutual, Binance, Mirana, LeadBlock, Leap, GSR, Wintermute, and extra, speaks to Treehouse’s potential within the Web3 house.

With a transparent mission to change into “The Most Complete Digital Asset Analytics Platform,” Treehouse’s strategic acquisitions like Origins Analytics play an important position in realizing this imaginative and prescient.

David Toh, a Accomplice at Mirana Ventures, expressed his assist for Treehouse’s mission, stating, “We’re proud to assist Treehouse of their mission to put the muse for deep analytics for the way forward for a related, interoperable, and more and more advanced Web3 ecosystem. The mixture of Treehouse’s flagship platform, Hyperion, and Origins’ know-how shall be game-changing for the business.”

Because the market continues to evolve, Treehouse goals to play a central position in shaping the way forward for digital asset analytics.