Blockworks buys Messari for over $10M, a steep drop from its $300M 2022 valuation

Blockworks acquired Messari for more than $10 million, a brutal reset from the roughly $300 million valuation Messari reached in its 2022 Series B. The deal folds a battered crypto research/data rival into Blockworks after Ryan Selkis stepped down, Messari cut staff and leadership, and new CEO Diran Li pushed an AI-first pivot. Li joins Blockworks leadership while Jason Yanowitz and Michael Ippolito keep running the company, with Blockworks leaning harder into data, compliance, investor relations and AI efficiency.

TLDR by @Benthic

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