Thursday, May 30, 2024

Ethereum analytics firm Nansen acquires DeFi tracker Ape Board


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 firm introduced to Cointelegraph on Might 17.

Closing later in Might, 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 data service.

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

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

Based in 2019, Nansen was named after scientist and explorer Fridtjof Nansen because the platform is targeted on offering knowledge and evaluation concerning the Ethereum blockchain. The platform is backed by some distinguished business traders 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 Good Chain, Terra, Solana, Binance Trade and Polygon in addition to 390 protocols.

Associated: Robinhood acquires British crypto firm Ziglu to push enlargement plans

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

“The subsequent 12-18 months will possible mark a consolidation interval for crypto. Nansen has a robust conflict 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 complicated 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 below one roof,” he added.