Animoca Portfolio Firms Merge to Form Crypto News Site
- Forkast.News and CryptoSlam forming new web3 info hub
- The two startup founders will serve as co-CEOs of Forkast Labs
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Animoca Brands Corp. founder Yat Siu helped engineer the merger of two startups his firm backed, aiming to create a data and news service as the embattled crypto industry consolidates.
Data tracker CryptoSlam and Forkast.News will combine to become Forkast Labs, which will provide news as well as tools for investors to track digital assets. The deal, terms of which were not disclosed, marks the latest tie-up in an industry struggling to secure funding after FTX’s collapse spooked investors.