CryptoSlam, Forkast.News merge to form Web3 data intelligence platform

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Web3 media com­pa­ny Forkast.News and blockchain data ana­lyt­ics firm Cryp­toSlam are merg­ing to estab­lish Forkast Labs, a media intel­li­gence plat­form for the dig­i­tal econ­o­my that will com­bine on-chain data ana­lyt­ics and jour­nal­ism, accord­ing to a Jan. 17 announce­ment at the World Eco­nom­ic Forum in Davos.

See relat­ed arti­cle: It’s Ethereum fork­ing time

Fast facts

  • Forkast Labs was estab­lished from a lack of stan­dard method­ol­o­gy to deter­mine the true val­ue of dig­i­tal assets, which are large­ly mea­sured against cryp­to prices, cre­at­ing sen­ti­ment-dri­ven volatility. 
  • By merg­ing on-chain data intel­li­gence and the media, Forkast Labs hopes to estab­lish a new stan­dard for mea­sur­ing the true val­ue of Web3 and the dig­i­tal economy.
  • The new com­pa­ny will start by launch­ing data indices, APIs, and busi­ness intel­li­gence prod­ucts to mea­sure the dig­i­tal econ­o­my based on real-time on-chain data, cre­at­ing a uni­ver­sal method­ol­o­gy for the eval­u­a­tion of blockchain projects for investors.
  • “This merg­er comes at a piv­otal moment for 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,” said Forkast.News founder and edi­tor-in-chief Ang­ie Lau.
  • “A media intel­li­gence plat­form backed by indus­try-lead­ing data ana­lyt­ics is what the blockchain indus­try needs right now. 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,” said Yat Siu, founder and exec­u­tive chair­man of Ani­mo­ca Brands, and investor in both Cryp­toSlam and Forkast.News.
  • Lau and Cryp­toSlam founder Randy Wasinger will be co-CEOs of Delaware-based Forkast Labs. Sarah Chang, co-founder of Forkast.News, will be COO. 

See relat­ed arti­cle: Biggest blockchain trends for 2023 and beyond

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