Blockworks Buys Messari for $10M+, Cutting a $300M Valuation

Blockworks bought Messari, the crypto data and research provider, for more than $10 million, according to reports. The price is a fraction of the roughly $300 million valuation Messari commanded in earlier funding rounds.

Messari tracks more than 40,000 digital assets and offers APIs for market data and token unlock schedules. Blockworks brings its own investor relations business and the Token Transparency Framework, a standardized disclosure template for token projects. The combined company will offer a single platform for both data and issuer communications.

Messari CEO Diran Li will join Blockworks, the companies said.

The deal follows Blockworks' Series A extension earlier this year, which the company said would fund consolidation in the crypto data space. The transaction comes as many crypto startups that raised money at high multiples in 2021 and 2022 have since seen their valuations cut.

Traders using the combined platform will get a larger pool of structured on-chain data through a single API. The merger also consolidates the market for token-disclosure tools, which had remained fragmented even as the broader data space matured.

The transaction closed this week. No further financial terms were disclosed.