Blockworks acquires Messari in crypto data consolidation push
Blockworks has acquired crypto analytics firm Messari for more than $10 million, far below Messari’s roughly $300 million valuation in its 2022 Series B. The discount reflects Messari’s recent business struggles and broader weakness in crypto markets. Earlier this year, Messari changed CEOs, cut staff, and shifted toward an AI-first strategy. Blockworks, founded in 2018 as a crypto media and events company, has expanded into research and data products. It recently raised a Series A extension at a $192 million valuation. With Messari, Blockworks gains data on more than 40,000 digital assets and an API used by investors, exchanges, and developers, and says the combined company will broaden its market data, research, compliance, and investor-relations offerings. Messari said current enterprise and API users will keep uninterrupted access. The deal is part of wider consolidation in crypto data and research, following recent acquisitions by Kaiko, RedStone, and the Jito Foundation.
