OKX emerges as leading NFT marketplace with $50.33 million daily trading volumeSingapore-based Web3 data firm, Treehouse, has recently acquired Origins Analytics, a prominent NFT analytics platform. This strategic move aims to bolster Treehouse’s NFT product offerings and expand its capabilities in the burgeoning NFT market.
Origins Analytics has been at the forefront of NFT data analysis, providing valuable insights and services to NFT enthusiasts and investors. Their expertise in on-chain and off-chain data analysis has made them a sought-after name in the NFT ecosystem. This acquisition solidifies Treehouse’s commitment to providing comprehensive NFT analytics services to its clients.
As part of the acquisition, the founding team of Origins will be joining Treehouse. This collaboration brings together the expertise of both companies, ensuring a seamless transition and integration of Origins’ capabilities into Treehouse’s existing offerings.
Treehouse’s vision for NFT services expansion
With the addition of Origins Analytics, Treehouse aims to offer an array of new services to its clients. These services include:
Algorithmically Tagged NFT Wallet Notification System: Clients can expect an innovative notification system that employs algorithms to provide real-time updates on NFT transactions and wallet activity.
NFT Analytics Bots: Treehouse plans to introduce NFT analytics bots that will deliver comprehensive data insights and market trends to users, helping them make informed decisions in the dynamic NFT space.
NFT Wallet Profiling API: Treehouse will provide an NFT wallet profiling API, allowing users to gain deeper insights into NFT wallet activity, and helping them identify trends and opportunities.
While the exact financial terms of the acquisition were not disclosed, it is evident that Treehouse views this move as a strategic investment in the growing NFT market. The company is confident in its ability to capitalize on the NFT sector’s potential, even in challenging market conditions.
Treehouse’s ambitious expansion plans
Treehouse’s decision to acquire Origins Analytics comes on the heels of its successful seed round in 2021, where it raised $18 million from prominent investors, including Lightspeed, MassMutual, Binance, Mirana, LeadBlock, Jump, GSR, and Wintermute. This recent acquisition is a testament to Treehouse’s ambition to expand its Web3 portfolio and offer cutting-edge services to its clients.
Treehouse’s CEO, Brandon Goh, expressed his enthusiasm for the acquisition and the broader NFT analytics market. He stated, “Treehouse is excited to make this move into NFT analytics. Despite the bear market, Treehouse is expanding and is actively looking to acquire synergetic businesses.” This suggests that Treehouse is not only open to future acquisitions but actively exploring opportunities to further strengthen its position in the Web3 and NFT space.
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