Nansen Acquires Singapore Staking Firm StakeWithUs
Date: 2024-09-11 Author: Gabriel Deangelo Categories: BLOCKCHAIN
Blockchain analytics platform Nansen has announced the acquisition of StakeWithUs, a staking service provider backed by SGInnovate, a Singaporean government platform.
Nansen did not disclose the financial details of the deal. A spokesperson for the company said: “This is a seven-figure deal.”
Nansen said it is expanding its services with the acquisition, solidifying its position as a one-stop solution for blockchain investors.
The deal means Nansen is expanding its reach to target both retail and institutional participants in the blockchain space.
StakeWithUs staking will now be available through Nansen’s blockchain analytics platform, allowing users to directly stake their assets on the blockchain.
Non-costodial staking for 20 networks
At launch, Nansen announced that it will offer non-costodial staking for over 20 different assets. These include Solana, Sui, Celestia, Dydx, Akash, Cosmos, and more.
“This acquisition allows us to offer our users a streamlined staking experience, solidifying our commitment to delivering unmatched value and service to investors in the blockchain space,” said Alex Svenevik, CEO of Nansen.
“By integrating staking into Nansen, we are not only expanding our services, but also strengthening our support for the blockchain ecosystems we partner with,” Svenevik added.
Nansen Launches NSN Points Program
Nansen also announced the launch of “NSN Points,” a loyalty program aimed at rewarding staking participants and platform subscribers.
The NSN Points program is scheduled to launch in 2025 and will reward users based on their activity on the Nansen platform.
These points can be earned through staking, subscribing, and participating in community initiatives. Points can be redeemed for premium features and exclusive insights.
“Our users are at the center of everything we do, and the NSN Points program is our way of showing appreciation for their loyalty and support,” Svenevik said.
“We believe that by rewarding our users, we can create a more active and engaged community, driving further growth and innovation in the Nansen ecosystem,” he added.
