Nansen shifts its operations from cryptocurrency analytics to a social hub.
Singapore-based crypto analytics company Nansen recently announced the launch of a new cryptocurrency communications hub for web3 natives.
The communications platform dubbed Nansen Connect will have full blockchain compatibility and analytical access.
According to Nansen, the newly launched communication hub will prioritize behavioral transparency, making users’ blockchain data available, developing accountability, and encouraging community building.
The development marks the beginning of Nansen’s shift from an information company to a web3 social hub.
Features of Nansen Connect
With Nansen Connect, users can log in with their crypto wallet, choose a username based on their labels, send private messages to other users, as well as become a member of different groups based on the value of their crypto holdings.
Interestingly, the Nansen team is planning to roll out other important features to the app, including allowing users to create new groups and enable over-the-counter (OTC) trading, among others.
Nansen chose to add features based on the significance of useful interactions to the growth of the entire cryptocurrency industry.
Commenting on the development, Paul Harwood, Product Manager at Nansen, said in a statement that crypto-related communities will, via the initiative, be able to filter the noise within their own ranks, since it will be easy to recognize high conviction holders, adding:
“Retail investors will have a chance to interact with some of the industry’s biggest whales, allowing them to take part in important conversations, and top performers can form groups of the most profitable people in the world in order to chat strategy.”
Reason for the Initiative
Notably, one of the rationales behind the initiative is to help reduce the high rate of scams in the market, which has wreaked havoc on the global crypto community.
When the service goes live, Nansen users will be allowed to join groups based on their number of cryptocurrency holdings, view ratings of non-fungible token (NFT) collections, and toggle between wallet profiles and chat interfaces.
For the time being, the service will only be available to Nansen subscribers and holders of selected NFTs, including Bored Ape Yacht Club (BAYC) and Moonbirds.
“Identifying human behaviors based on their blockchain footprint is something entirely new for the ecosystem but is essentially what this technology was built for. Nansen Connect will allow the sharing of wallet information, and strategies, and even permit you to view someone’s net worth in real-time,” Harwood said.
Nansen Product Manager said Nansen Connect will not only change the way members of the crypto community interact with one another, but it will also prioritize accountability and strengthen relationships in the space.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
-Advertisement-
