Treehouse, a Web3 data and analytics company, has acquired advanced NFT analytics firm Origins Analytics to boost its non-fungible token (NFT) capabilities.
Financial details of the acquisition were not disclosed. Following the acquisition, Origins’ founding team will join Treehouse to integrate Origins’ technology into its product suite, including AlphaStream live NFT wallet notification system, NFT Analytics Bots for market insights, and an NFT Wallet Profiling API.
Origins, known for its advanced NFT analytics, previously secured $4 million in funding and has established a significant user base exceeding 10,000 users. This platform is adept at utilizing both on-chain and off-chain data to aid NFT traders, gaming protocols, and studios in making well-informed decisions.
The move reflects Treehouse’s resilience and innovation despite the prevailing bear market, demonstrating its dedication to Web3 analytics, per the announcement.
The company, which previously raised $18 million in seed funding from an impressive roster of investors, is on a robust financial footing and actively seeking mergers and acquisitions to cement its status as one of the premier digital asset analytics platforms.
Brandon Goh, Treehouse’s CEO, expresses enthusiasm for the acquisition, emphasizing the alignment with the company’s mission to cater to the diverse needs of its clients, including those with NFT investments.
“Treehouse is not only weathering the bear market but is on the hunt for synergistic opportunities to grow,” Goh said.
David Toh of Mirana Ventures commends Treehouse for laying a foundation for intricate analytics in the burgeoning Web3 ecosystem. He anticipates that the synergy between Hyperion and Origins’ technologies will be transformative for the industry.
Treehouse, headquartered in Singapore, is backed by notable VC and Web3 entities, including Mirana Ventures, Lightspeed, MassMutual Ventures, Binance, LeadBlock Partners, Global Founders Capital, Jump Capital, Wintermute, GSR, Coinhako, Bitpanda, Pintu, AlphaLab Capital, Pulsar Trading, Portofino, senior executives from the SoftBank Vision Fund, and more.
Its flagship offering, Hyperion, is a cutting-edge portfolio management and market intelligence platform that delivers comprehensive control over digital assets to its institutional and professional clientele.