Vinkmag ad

Ethereum analytics agency Nansen acquires DeFi tracker Ape Board

Ethereum analytics agency Nansen acquires DeFi tracker Ape Board thumbnail
Vinkmag ad

Major Ethereum blockchain analytics platform Nansen continues scaling its operations by buying a cross-chain decentralized finance (DeFi) tracker.

Nansen has acquired the multi-chain portfolio tracker Ape Board in an eight-figure deal, the agency introduced to Cointelegraph on Tuesday.

Closing later in May, the acquisition will unite the groups of the 2 platforms, aiming to mix Nansen’s analytics and Ape Board’s portfolio monitoring to supply an all-in-one info service.

As a part of the acquisition, 13 workers at Ape Board will be part of Nansen’s crew counting 120 analysts, product managers and engineers to collectively present the “definitive info super-app of Web3.”

“Ape Board will develop into the start line of a brand new Nansen Portfolio tracker. It’ll be free to make use of, and can combine seamlessly with the remainder of Nansen’s options,” a spokesperson for Nansen instructed Cointelegraph.

Founded in 2019, Nansen was named after scientist and explorer Fridtjof Nansen because the platform is concentrated on offering knowledge and evaluation in regards to the Ethereum blockchain. The platform is backed by some outstanding business buyers like Andreessen Horowitz and Coinbase Ventures. In 2021, Nansen raised $12 million in a Series A funding spherical to construct a blockchain analytics platform for the DeFi sector.

Ape Board was an ideal match for Nansen to aspire to its DeFi ambitions. Launched in 2021, Ape Board is designed to supply an aggregator pulling collectively all DeFi investments into one platform. The platform helps 36 blockchains together with Ethereum (ETH), BNB Smart Chain (BNB), Terra (LUNA), Solana (SOL), Binance Exchange and Polygon (MATIC) in addition to 390 protocols.

Related: Robinhood acquires British crypto agency Ziglu to push enlargement plans

With the brand new acquisition, Nansen goals to pave a path in direction of changing into the go-to info super-app for Web3, a spokesperson for the agency stated, including:

“The subsequent 12–18 months will probably mark a consolidation interval for crypto. Nansen has a powerful battle chest, and we plan to proceed being aggressive with our development and construct an unequalled, all-in-one market intelligence platform.”

“Obtaining knowledge from the cryptocurrency ecosystem, particularly, DeFi protocols and blockchains is advanced and fragmented,” Nansen CEO Alex Svanevik stated. “With this acquisition, we take a giant step in direction of bringing all of the market intelligence a dealer, establishment or enterprise wants underneath one roof,” he added.

Read Previous

Spotify is testing new NFT options with music artists 

Read Next

NFT costs take a intestine punch because the crypto bear market deepens

Most Popular