Blockworks announced today that it has acquired Messari, bringing together two competing cryptocurrency data and intelligence companies into a single platform covering more than 40,000 digital assets.
Acquisition of Blockworks It came after it completed its Series A extension at a $192 million valuation. The deal represents the company’s first major financial commitment to expand its business through the absorption of another entity.
Acquisition of Blockworks-Messari
Blockworks is a recently created crypto data platform It completed its first major acquisition By purchasing Messari, another company that specializes in cryptocurrency data. The deal brings together two of the largest information companies in the cryptocurrency industry, which were founded just 90 days apart. However, the financial terms of the Messari acquisition were not disclosed in the announcement.
Blockworks also recently completed a Series A expansion that gave the company a valuation of $192 million. Michael Ippolito, co-founder of Blockworks, called the deal a “homecoming” after years of competing against each other.
The Masari platform covers many areas, including asset data, market data, protocol analytics, token unlock tables, fundraising records, social sentiment tracking, and an application programming interface (API) used by hedge funds, exchanges, custodians, and regulators.
Blockworks was founded in 2018 and has built its business around events, podcasts, and research. More recently, it added a data product for large investors. The company employs about 100 people in a dozen countries and reported that it is on track to achieve revenues of more than $30 million in 2025. The price of an annual data license recently rose to $4,500 from $2,500 due to strong demand from large investors.
Before the acquisition, Messari appeared to be winding down a major Mainnet conference in New York.
Will crypto data companies merge?
Blockworks believes its deal is part of a larger trend in which the cryptocurrency data industry is consolidating or consolidating, just as traditional information services have done on Wall Street. In the past, the financial data market became controlled by a few major companies such as Bloomberg, Standard & Poor’s Global, and FactSet.
The company also sees artificial intelligence (AI) as the main reason for this deal. AI programs need a lot of structured digital data to work well. Yanowitz male In older markets, research requires many human analysts. But in cryptocurrency, the information is already digital and available in real time, making it ideal for artificial intelligence.
Messari’s existing products and data coverage will continue under the combined company. In the near future, Blockworks plans to focus on a few key areas, including expanding data coverage, making APIs stronger, improving investor relations tools, building better compliance workflows, and creating what Blockworks calls a “native AI workflow.”
