Blockchain analytics platform Nansen has launched and released its latest product, one that is a little different than what it has been offering in recent years: a Web3-based encrypted messaging app.
Dubbed Nansen Connect, the app is designed with end-to-end encryption for messages, just like Telegram and Signal. The app is unique in that it asks users to log in with their Web3 wallet, specify and choose a username based on Nansen wallet tags.
“All of this information will be easily accessible and we’re looking forward to seeing how it shapes the conversation,” shares Paul Harwood, product manager at Nansen.
Another unique feature of Nansen connect is the way users can mainly join groups based on their cryptocurrency and NFT portfolio. Statistics on token collections are tracked based on the user’s wallet, which is synced with Nansen’s analytics dashboard. Nansen describes his messaging app as a “crypto-native communications hub” for Web3 communities, stating that the app can help address and “mitigate some of the security flaws we see across the ecosystem.”
“Users can hold influencers and other project leaders accountable by monitoring treasure and evicting in real time, and certain members can be elevated because they are proven holders,” explained Harwood.
The app has already been released but is still in beta and for select communities only. This includes channels of top-tier NFT holders and “smart money” holders who provide top-tier liquidity across all protocols and contracts. Nansen says the app will sync with on-chain data for current holdings, transaction data and other datasets that would be relevant to users and communities to contextualize its portfolio and social platform.
“Nansen is already a hub of important information for the crypto world, and our flagship offering, wallet tagging for just 120 million Ethereum addresses, is focused on exposing identities and behaviors in the noise of blockchain data. Creating a social product is a natural evolution for these core competencies,” says Harwood.
Nansen completed a $75 million Series B investment round in December 2021, backed by investors including Accel, GIC, Andreessen Horowitz (a16z), SCB 10X and Tiger Global. The company was founded sometime in 2020 and has since provided analytics for on-chain data, wallet tags, and entities on major blockchains like BNB Chain, Polygon, Fantom, Avalanche, Celo, and Ethereum, among others.