Ethereum analytics firm Nansen acquires DeFi tracker Ape Board

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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 agency introduced to Cointelegraph on Tuesday.

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 offer an all-in-one data service.

As a part of the acquisition, 13 staff at Ape Board will be a part of Nansen’s workforce counting 120 analysts, product managers and engineers to collectively present the “definitive data 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 informed Cointelegraph.

Based 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 distinguished business traders like Andreessen Horowitz and Coinbase Ventures. In 2021, Nansen raised $12 million in a Series A funding round 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 offer an aggregator pulling collectively all DeFi investments into one platform. The platform helps 36 blockchains together with Ethereum (ETH), BNB Good Chain (BNB), Terra (LUNA), Solana (SOL), Binance Change and Polygon (MATIC) in addition to 390 protocols.

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

“The following 12–18 months will seemingly mark a consolidation interval for crypto. Nansen has a robust warfare 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 mentioned. “With this acquisition, we take a giant step in the direction of bringing all of the market intelligence a dealer, establishment or enterprise wants beneath one roof,” he added.