Nansen, a major Ethereum blockchain analytics platform, has acquired cross-chain decentralized finance (DeFi) multi-chain portfolio tracker Ape Board.
The transaction, which is expected to close later this month, will bring together the personnel behind the two platforms, with the goal of combining Nansen’s analytics and Ape Board’s portfolio tracking to create an all-in-one information package.
As part of the deal, 13 Ape Board personnel will join Nansen’s staff of 120 analysts, product managers, and engineers to create the “ultimate Web3 information super-app.”
“Ape Board will serve as the launchpad for a new Nansen Portfolio tracker.” It will be free to use and will work in tandem with the rest of Nansen’s features, according to a spokeswoman for the company.
Nansen was founded in 2019 and is focused on providing statistics and analysis regarding the Ethereum blockchain. It was named after scientist and explorer Fridtjof Nansen.
Andreessen Horowitz and Coinbase Ventures are among the investors who have backed the platform. It received $12 million in a Series A fundraising round in 2021 to develop a blockchain analytics platform for the DeFi industry.
Ape Board was the ideal platform for Nansen to pursue its DeFi goals. Ape Board, which will launch in 2021, is a platform that will aggregate all DeFi investments into one place.
The platform supports 36 blockchains and 390 protocols, including Ethereum, Binance Smart Chain, Terra, Solana, Binance Exchange, and Polygon.
Nansen hopes to become the go-to information super-app for Web3 with the new acquisition, according to a spokeswoman for the company.
“The next 12-18 months will likely mark a consolidation period for crypto. Nansen has a strong war chest, and we plan to continue being aggressive with our growth and build an unrivaled, all-in-one market intelligence platform.”
“Getting data from the bitcoin ecosystem, particularly DeFi protocols and blockchains, is complicated and fragmented,” said Alex Svanevik, CEO of Nansen. “With this acquisition, we’ve taken a significant step toward integrating all of the market intelligence a trader, institution, or organization requires under one roof,” he added.