Despite the 2022 crypto collapse, Nansen has registered over 130 million addresses and has increased by 30%.
Despite the year-long general decline in cryptocurrency markets, Nansen, a blockchain analytics platform for Ethereum (ETH), has managed to claim outstanding growth rates.
Alex Svanevik, CEO and co-founder of Nansen, recently discussed the company’s development and noted that it has registered over 130 million addresses and expanded by 30% despite the crypto collapse. Svanevik gave the value of blockchain platforms, particularly those built on Ethereum, a large portion of the credit for his success.
After the nonfungible tokens (NFT) frenzy, Nansen realized it would be a huge area for the corporation and it became its most popular segment, according to Thurman, a Simian psychometric enhancement technician. Added him:
“As a result, I think we neglected our DeFi plans a bit. However, we’re really focused on strengthening that again and balancing that out with NFTs. We had to realize that our aim to be the Super App of Web3 meant NFTs are important, but they aren’t the only important thing.”
Thurman noted that the firm is undoubtedly observing a change in favor of business clients as Nansen’s clientele continues to grow (B2B). He clarified that, contrary to what happened last year, Nansen will likely end the year with more B2B earnings than individual sales. Thurman asserted that if Nansen wants to grow and meet the escalating user demand, it must alter its strategy.
Thurman discussed the platform’s expansion strategy and the development of a new, yet-to-be-launched portfolio tool that would enable users to track their assets across more than 400 DeFi platforms and 40+ blockchains, in addition to the newly announced research project codenamed Alpha.
Thurman gave the following advice when asked what suggestions he would make to other businesses hoping to follow in their footsteps:
“Cryptocurrency is an industry experiencing 0-to-1 uptake in terms of users, use cases and market cap. It’s a massive new playing field where winners can emerge.”
For cryptocurrency specialists and investors, Nansen is a blockchain analytics platform that tracks data and research on Ethereum and other blockchains. It was founded in 2020. In addition to research, Nansen is well-known for index aggregations like the NFT-500, which monitor the performance of the top 500 ERC-721 and ERC-1155 token collections on Ethereum. In June of last year, $12 million was invested in the business by Andreessen Horowitz.