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

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Fast facts

• Forkast Labs was established out of the lack of a standard methodology for determining the true value of digital assets, which are largely measured against cryptocurrency prices, creating sentiment-driven volatility.
• By merging on-chain data intelligence and media, Forkast Labs hopes to set a new standard for measuring the true value of Web3 and the digital economy.
• The new company will begin 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 evaluating blockchain projects for investors.
• “This merger comes at a crucial time for the crypto industry. The entire industry has been priced against volatile price movements, which has created a high degree of speculation. As a result, trust in cryptocurrency has eroded, but we have the power to change that with this merger,” Forkast.News founder and editor-in-chief Angie Lau said.
• “What the blockchain industry needs right now is a media intelligence platform backed by industry-leading data analytics. 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 CEO of Animoca Brands, and an 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 serve as COO.

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