Blockworks Buys Messari, Merging Two of Crypto's Largest Data Platforms

Blockworks acquired rival data provider Messari, bringing together two of crypto's biggest intelligence platforms under one roof, the companies said Monday. The deal combines Blockworks' event, podcast and research business with Messari's asset database covering more than 40,000 digital assets and its API used by hedge funds, exchanges and regulators.

Blockworks completed a Series A extension at a $192 million valuation before the acquisition, with the round co-led by ParaFi and Reciprocal Ventures. Blockworks co-founder Michael Ippolito called the deal “a homecoming” after years of competing head-to-head with Messari.

Messari's platform tracks token unlock schedules, fundraising records, social sentiment data and protocol analytics in addition to market data. The company appeared to be winding down Mainnet, its flagship New York conference, before the acquisition.

Blockworks sees the tie-up as the start of a consolidation wave mirroring what happened in traditional financial data, where Bloomberg and S&P Global came to dominate. “The crypto data industry is at that inflection point,” Ippolito said. The company also pointed to demand for structured data from AI programs as a key driver. Unlike equity research, which relies on human analysts, much of crypto's information is already digital and real-time.

Near-term plans for the combined entity include deeper data coverage, stronger API infrastructure, compliance and investor relations tooling, and what Blockworks calls AI-native workflows. The company said it was on track to exceed $30 million in revenue in 2025 and recently raised its annual data license price to $4,500 from $2,500 on strong institutional demand.

Blockworks employs roughly 100 people across a dozen countries. Messari's current products will continue under the combined brand, the companies said.

Read more about the deal on AlphaScala.