Main 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 Could 17.
Closing later in Could, 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 a 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 grow to be 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 informed Cointelegraph.
Based in 2019, Nansen was named after scientist and explorer Fridtjof Nansen because the platform is concentrated on offering knowledge and evaluation concerning the Ethereum blockchain. The platform is backed by some distinguished trade buyers like Andreessen Horowitz and Coinbase Ventures. In 2021, Nansen raised $12 million in a Collection 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, Binance Sensible Chain, Terra, Solana, Binance Trade and Polygon in addition to 390 protocols.
Associated: 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 mentioned, including:
“The subsequent 12-18 months will doubtless 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 unmatched, all-in-one market intelligence platform.”
“Acquiring knowledge from the cryptocurrency ecosystem, particularly, DeFi protocols and blockchains is advanced and fragmented,” Nansen CEO Alex Svanevik mentioned. “With this acquisition, we take a giant step in direction of bringing all of the market intelligence a dealer, establishment, or enterprise wants below one roof,” he added.
