Quick take:
CryptoSlam has teamed up with Forkast.News to launch Forkast Labs. The NFT data aggregation platform is collaborating with the crypto industry news outlet to create a data intelligence and media platform that will help determine the true value of web3 assets.
The platform will feature flagship data indices, APIs and business intelligence tools that leverage real-time on-chain data to measure the digital economy.
Currently, most crypto assets tend to sway with the price of bitcoin, which over the years has continued to exhibit high levels of volatility. This prevents investors from identifying the best time to invest in individual assets.
Forkast Labs is a product born out of this problem. The market lacks a proper methodology for measuring the value of web3 assets.
According to CryptoSlam and Forkast.News, the features included in Forkast Labs will help create a universal system for valuing blockchain projects, providing meaningful information to investors.
According to the announcement on Tuesday, Former Bloomberg anchor and founder of Forkast.News, Angie Lau, and founder of CryptoSlam, Randy Wasinger, will be co-CEOs of Forkast Labs, while Sarah Chang, co-founder of Forkast.News, will be COO of the combined entity.
Commenting on the merger, Angie Lau highlighted the timely launch of Forkast Labs, given the current state of the crypto industry.
“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.”
Lau also pointed out the impact CryptoSlam and Forkast have made on the crypto industry over the past five years (both platforms having launched in 2018).
“CryptoSlam and Forkast have been identifying the value, fundamentals, and utility of blockchain, with CryptoSlam telling the story through data and Forkast telling the story through journalism. Now, by bringing these two teams together, we can set a new standard of data transparency for our industry,” added Lau.
On the other hand, CryptoSlam’s Randy Wasinger commented: “Joining forces with Forkast.News is an exciting milestone. CryptoSlam has established itself as the leader in multi-chain NFT data aggregation, and we now have the opportunity to parlay our infrastructure to serve an even wider audience. Just as Google organized the world’s information to make it useful for everyone, we at Forkast Labs are doing the same for the digital economy.”
Both CryptoSlam and Forkast.News are backed by the leading web3 investment company Animoca Brands.
Animoca co-founder and executive chairman Yat Siu highlighted the synergies that a merger between a media intelligence platform and an industry-leading data analytics company could create, saying it “is what the blockchain industry needs right now.”
“w. CryptoSlam and Forkast.News have excellent track records in their own right, and as a combined entity can bring trust and transparency to the Web3 ecosystem,” he said.
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