Singapore-based Web3 data company Treehouse has acquired NFT analytics platform Origins to expand its NFT product offering.
Treehouse announced today announced the acquisition of intellectual property from Origins Analytics, which provides NFT-related data analytics using both on-chain and off-chain data.
As part of the acquisition, the Origins founding team, which raised $4 million last year, will join Treehouse to offer services including an algorithmically tagged NFT wallet notification system, NFT analytics bots and an NFT wallet profiling API.
Treehouse did not disclose the size of the acquisition deal.
In 2021, Treehouse raised $18 million in a seed round from investors including Lightspeed, MassMutual, Binance, Mirana, LeadBlock, Jump, GSR, and Wintermute. The company said it is currently exploring the possibility of more mergers and acquisitions.
“Treehouse is excited to make this move into NFT analytics,” Brandon Goh, CEO of Treehouse, said in the statement. “Despite the bear market, Treehouse is expanding and actively seeking synergistic businesses.”