Nansen acquires Defi Portfolio Tracker to increase web3 skills

Nansen acquires Defi Portfolio Tracker to increase web3 skills

The blockchain data analysis platform Nansen has acquired the defi portfolio tracker APE board to strengthen its web3 data capabilities.

The acquisition, which was announced on Tuesday at the Permission Less Conference of Blockworks, was completed at the beginning of this month. The conditions of the deal were not announced.

nansen -which started in 2019 with the structure of its platform to help users learn more about the wallets that carry out on-chain-transactions-combines on-chain data with a growing database with millions of Wallet labels.

Last year founded, monkey board lists almost 400 logs over 33 blockchains and an exchange. The dashboard for cross-chain, decentralized finances (Defi) enables users to track their Yield farming assets in every network and automatically calculate their net value.

The takeover will help Nansen to become the “final information super app of Web3”, the company said in a press release. The future introduction of functions such as portfolio tracking, programmatic access to on-chain data and web3 native communication will also be promoted.

Alex Svanevik, CEO of Nansen, said that the preservation of data from defi protocols and blockchain was complex and fragmented.

"In the entire web3 landscape, investors are forced to use a number of different tools to get a single data element that helps you inform you of your investment strategy," said Svanevik in a statement. "With this acquisition we take a big step to combine all the market information that a dealer, an institution or a company needs."

The takeover follows Nansen's $ 75 million finance round of series B in December, which was listed by Accel, Gic, A16z, Tiger Global, SCB and 10x. The company collected $ 12 million for its series A.

svanevik said after the recent fundraising campaign that more team members would hire and strive for strategic takeovers. The CEO added that the company would spend the year 2022 to concentrate on offering institutional customers programmatic access to its on-chain data.

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The contribution nansen acquires Defi Portfolio Tracker to increase web3 skills is not a financial advice.