Quick take:
Sources told NFtgators that the acquisition is in the seven-figure mark.
Users of Nansen’s on-chain analytics platform will be able to stake their assets directly on-chain through Nansen.
The service will initially support noncustodial staking for over 20 different assets including Solana, Sui, Celestia, Dydx, Cosmos, and Osmosis.
On-chain analytics firm, Nansen has announced the acquisition of the Singapore government-owned staking service provider StakeWithUs. Sources close to the deal told NFTgators, that the acquisition is in the seven-figure mark.
Backed by SGinnovate, Singapore’s innovative platform established to drive the development of deep tech, StakeWithUS supports staking services across a variety of blockchain networks.
Its integration with Nansen’s on-chain analytics platform will enable users to stake their assets directly on-chain through Nansen.
At launch, the platform will offer users access to non-custodial staking for over 20 different assets, including Solana, Sui, Celestia, Dydx, Akash, Cosmos, Osmosis, Band, Skale, Certik, Persistence, Kava, Celer, Archway, Passage, and Agoric, Nansen said via press release shared with NFTgators.
Nansen wants to establish itself as the premier platform for on-chain investors, and this acquisition aligns with that goal. The firm is consolidating a wide range of tools and services in one place, with the StakeWithUS integration enabling users to stake a diverse amount of tokens supported by the 20-plus blockchains whose data is accessible on Nansen.
Nansen is also making its first foray into validating for a major layer-1 blockchain. The firm is joining the proof-of-liquidity-powered blockchain Berachain as a validator ahead of EVM-compatible blockchain’s upcoming mainnet.
“We are thrilled to welcome StakeWithUs to the Nansen team,” said Alex Svanevik, CEO of Nansen. “This acquisition allows us to provide our users with a streamlined staking experience, further solidifying our commitment to offering unparalleled value and service to onchain investors. By enabling staking within Nansen, we are not only expanding our service offerings but also enhancing our support for the blockchain ecosystems we integrate with. Nansen is fully committed to meeting the highest standards on security and uptime as a trusted brand in this space.”
Michael Ng, Founder of StakeWithUs commented: “This acquisition aligns perfectly with our vision of providing seamless and secure staking services to a broader audience. By integrating our expertise with Nansen’s advanced analytics capabilities, we are setting the stage for a more integrated and powerful user platform. Together, we look forward to empowering investors with the tools and insights required to not only better navigate but thrive in the digital asset space.”
Nansen is also introducing the NSN points program, a loyalty program designed to reward its community of stakers and subscribers.
Set to launch in 2025, the program will retrospectively reward eligible stakers and subscribers for the time since they started engaging with the Nansen platform through activities like staking, subscribing, and participating in community initiatives.
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The post Nansen Expands to Crypto Staking Services With the Acquisition of StakeWithUS appeared first on NFTgators .
